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The term foreign exchange is best defined by the following statement: it is ______.
A．the rate of exchange between two currencies
B．synonymous with currency exchange
C．the place in which foreign currencies are exchanged
D．an instrument such as paper currency, note, and check used to make payments between countries
答案
更多“The term foreign exchange is best defined by the following statement: it is ______.A．the r”相关的问题
第1题
A.most-favored-nation (MFN) treatment
B.ad valorem
C.drawback
D.foreign exchange earnings
第2题
此题为判断题(对，错)。
第3题
A.225/55R17 EXC 三能 ROF
B.245/45R18 EXC 三能 ROF
C.245/50R18 LS2 ROF
D.235/60R18 御乘二代
第6题
？？？？一般情况下，EXC？？？EL2003的列标题为()。？
？？？？？？？？？
A.1，2，3
B.A.,B.,C.？
C.甲，乙，丙
D.？，П，Ш
第8题
第9题
"Culture consists of all shared products of human society" (Robertson, 1981 ). This means not only such material things as cities, organizations and schools, but also non-material things such as ideas, customs, family patterns, languages. Putting it simply, culture refers to the entire way of life of a society, "the ways of a people".
Language is a part of culture and plays a very important role in it. Some social scientists consider it the keystone of culture. Without language, the maintaining of culture would not be possible. On the other hand, language is influenced and shaped by culture, it reflects culture. In the broadest sense, language is the symbolic representation of a people, and it comprises their historical and cultural backgrounds, as well as their approach to life and their ways of living and thinking.
We should not go further into the relationship between language and culture. What needs to be stressed here is that the two interact, and that understanding of one requires understanding of the other.
Social scientists tell us that cultures differ from one another, that each culture is unique. As cultures are diverse, so languages are diverse. It is only natural then that with differences in cultures and differences in languages, difficulties often arise in communicating between cultures and across cultures. Understanding is not always easy.
Learning a foreign language well means more than merely mastering the pronunciation, gram mar, words and idioms. It means learning also to see the world . as native speakers of that language see it, learning the ways in which their language reflects the ideas, customs, and behaviors of their society, learning to understand their "language of the mind". Learning a language, in fact, is inseparable from learning its culture.
According to the first paragraph, the term "culture" refers to ______.
A．things like cities, organizations and schools
B．ideas, customs, family patterns, and languages
C．all things produced by human race
D．the total that constitute a society
第10题
To remain fully compliant with the Effland corporate governance code, the board established audit, remuneration and nomination committees which were solely populated by independent non-executive directors. However, it did not consider it necessary to create a separate risk committee because the board believed that the remit of the audit committee included all aspects of risk management policy. This explanation was formally submitted to the shareholders at its first general meeting, who agreed with the board’s proposal.
As part of its expansion strategy, the board of Branscombe Co decided it needed to enter overseas markets, and in particular the developing country of Geeland. The reason that Geeland was selected as a suitable market was because it had experienced rapid economic growth and domestic prosperity following the discovery of rich, offshore mineral deposits. Unfortunately, this small island nation has never enjoyed stable democratic government and is notorious for corrupt business practices, with customs officials regularly demanding bribes from both importers and exporters. As a result, Geeland has a poor international credit rating. In order to attract both domestic and foreign inward investment, the government of Geeland operates with very low levels of indirect tax, which has stimulated the island’s tourist industry and led in turn to a significant increase in hotel building.
Following a successful tendering exercise, Branscombe Co was awarded the contract to supply all of the bathroom equipment for a 200-room hotel, currently under construction in a remote area of the island. The total value of the supply contract amounted to Geeland $1,800,000, and it was to be paid in three equal instalments as the bathrooms were delivered to the hotel. The contract assigns responsibility for shipping the goods the 3,000 km from Effland to the island solely with Branscombe Co, and no payment will be made until an agreed volume of goods clears Geeland customs. A further problem is that the Geeland dollar is quite volatile, but recently it has been strengthening against the Effland dollar. As all contract payments are to be made in Geeland currency, Branscombe Co is exposed to foreign exchange risks.
The many contract-related issues amount to significant risks to Branscombe Co requiring effective management if the supply contract is to be a success and contribute to the company’s ambitious growth targets.
Required:
(a) Explain the function and roles of a risk committee within an effective corporate governance framework, and discuss the advantages which a risk committee could add to the governance of Branscombe Co. (10 marks)
(b) Explain the term risk appetite, and assess how the risk appetite of Branscombe Co has influenced both its corporate strategy and the risks it has chosen to bear. (7 marks)
(c) Explain how Branscombe Co could effectively control the strategic and operational risks which arise from the Geeland supply contract. (8 marks)
