In an international trade contract involving one buyer and one seller, both parties may be exposed

to exchange rate risk if the contract is denominated in a third currency.

Indicate whether the statement is true or false

TRUE

Business

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A fixed point of reference refers to something that provides the correct action to take in any situation and never gets tailored to fit an occasion.

a. true b. false

Business

Which of the following is NOT TRUE about common appraisal methods?

A. Objective method measures of performance include actual output. B. Objective performance measures may be contaminated by opportunity bias. C. The judgmental method provides useful information for feedback. D. Judgmental methods include ranking and rating techniques.

Business