_____ Which of the following items is a factor in determining the functional currency of a foreign unit?
A) Whether the foreign unit purchases raw materials or components from the United States.
B) The proximity of the foreign unit to the United States.
C) Whether currency exchange rate controls are in effect.
D) The extent of autonomy granted to local management.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of _____ Which of the following items is a factor in determining the functional currency of a foreign unit?
A) Whether the foreign unit purchases raw materials or components from the United States.
B) The proximity of the foreign unit to the United States.
C) Whether currency exchange rate controls are in effect.
D) The extent of autonomy granted to local management.
E) None of the above.

_____ Which of the Following Items Is a Factor in Determining