Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 29

Global Business Terminology
The following are nine global business terms used in this chapter:

Each of the following statements may describe one of these terms.or each statement, indicate the global business term described, or answer "None" if the statement does not correctly describe any of the terms.
a.he amount it costs to purchase one unit of currency with another currency.
b.elling a good or service to a foreign customer.
c. cross-border contractual agreement allowing one company to use the trademarks, patents, or technology of another company.
d.istinguishes between illegal influence peddling and legal facilitating payments.
e.he practice of minimizing or eliminating risk of loss associated with foreign currency fluctuations.
f.arkets dictate the allocation of resources and output among segments of the economy.
g.he group charged with the responsibility of creating and encouraging the use of international financial reporting standards.