Which of the following combinations correctly describes the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses?

One of the duties of a principal is to provide an agent with safe working conditions

Indicate whether the statement is true or false

The worldwide approach, also referred to as the residential or national approach to tax policy, levies taxes on the income earned by firms that are incorporated in the host country, regardless of where the income was earned

(domestically or abroad). Indicate whether the statement is true or false.