Answer:
Cause-Related Marketing
Explanation:
A type of marketing in which the entity promotes it sales by collaborating with the non profit organization is known as Cause-related Marketing(CRM).In CRM, the entity promotes the cause of the non profit organization with which it collaborates and at the same time, it also promotes its own sales, therefore CRM creates mutual benefit for both entities.
Therefore, the General mills is engaged in Cause-Related Marketing.
Vertical accountability refers to the ability of _________.
a. individuals and groups to hold state institutions accountable
b. the legislature to hold the executive accountable
c. state institutions to hold each other accountable
d. state officials to hold citizens accountable
Answer:
Vertical accountability refers to the ability of
a. individuals and groups to hold state institutions accountable
Explanation:
When discussing accountability in governance, there are different types which include vertical accountability and horizontal accountability.
Vertical accountability refers to the ability of individuals and groups to hold state institutions accountable and horizontal accountability refers to the ability of the legislature to hold the executive accountable.
The debt-to-equity ratio:A. Is calculated by dividing book value of secured liabilities by book value of pledged assets.B. Is a means of assessing the risk of a company's financing structure.C. Is not relevant to secured creditors.D. Can always be calculated from information provided in a company's income statement.E. Must be calculated from the market values of assets and liabilities.
Answer:
The debt-to-equity ratio is a means of assessing the risk of a company's financing structure.
The correct answer is B
Explanation:
The division of book value of secured liabilities by book value of pledged assets is referred to as debt ratio.
Debt-equity ratio is calculated by dividing the book value of debt by book value of total stockholders equity. It measures the extent to which a firm is exposed to financial risk.
Debt-to-equity ratio is relevant to secured creditors because it shows the ability of a firm in repaying its debt obligations.
Debt-to-equity ratio cannot be calculated from the information provided in a company's income statement.
Debt-to-equity ratio is not calculated from the market values of assets and liabilities.
Final answer:
The debt-to-equity ratio is a financial metric used to assess a company's financing structure risk by comparing its total liabilities to shareholder equity, calculated from the balance sheet, not the income statement. Hence, the correct option is B.
Explanation:
The debt-to-equity ratio is best described by option B: Is a means of assessing the risk of a company's financing structure. This ratio is a key financial metric used to evaluate a company's financial health. It measures the degree to which a company is financing its operations through debt versus wholly owned funds. This ratio is important for lenders, investors, and analysts when assessing the riskiness of a company's financial structure. It essentially shows what proportion of equity and debt the company is using to finance its assets.
Typically, the debt-to-equity ratio is calculated by dividing a company's total liabilities by its shareholder equity and is represented as a numerical value. It may vary by industry as to what is considered a healthy or normal debt-to-equity ratio. The notion that a debt-to-equity ratio "Can always be calculated from information provided in a company's income statement" (option D) is incorrect; the balance sheet, not the income statement, provides the needed values (total liabilities and total shareholder equity) for calculating this ratio.
Enlightened self-interest, an important justification offered for corporate social responsibility (CSR), presumes that:________. a. good ethics also can be good business.b. measuring the bottom-line impact of ethical decision making is un-important.c. measuring the short-term impact of ethical decision making is legally required.d. profits are independent of ethics.
Answer:
The correct answer is (a)
Explanation:
Ethics are important for every business activity as it helps to create goodwill. Overall, most of the corporate social responsibility training's focus on ethics, and it presumes that if a person acts to helps others ultimately helps himself. So, good ethics is also good for the business according to enlightened self-interest. Ethics helps to create trust which is good for business and long-term sustainability.
Illinois law requires that a pre-printed offer to purchase that is intended to become a binding contract have which of the following headings.
Answer:
Option A-Real Estate Sales Contract
Explanation:
Illinois laws requires that a pre-printed offer to purchase that is intended to become a binding contract should have under heading Real Estate Sales Contract
Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay $100 for the security system, Mary is willing to pay $300 and Jill is willing to pay $300. They have a meeting to vote on whether to pay $250 each for the security system. At least two of them must vote for the system to be installed before the vote is passed. The efficient outcome is to have the security system installed. After the meeting the security system will __________, which illustrates ___________.
Answer:
After the meeting the security system will be installed which illustrates free rider problem.
Explanation:
Free Rider:
A person is called a free rider who wants other people to pay for the things that are beneficial to the public but also make plans to use those things for personal gains.
Free Rider Problem:
It is such a situation in which everyone enjoys the benefit of the effort of a person. Like if a person cleans the rubbish from the street then it is good for everyone so everyone get the benefit from his effort.
In this question, as one person is willing to pay less as compared to others, which illustrate a problem of free rider because a person wants to pay less for the public good (security camera) but wants to enjoy this facility.Answer:
be installed,
It illustrates the free rider problem
Explanation:
The free rider problem is the strain on a shared resource that is generated by individuals that don't pay their fair proportion for it or pay nothing at all by its use or overuse.
In any group, large or small, the free rider problem can occur.
In such an urban environment, a council will discuss whether and how to pressure suburban drivers to help maintain their roads and sidewalks or defend their police and fire departments.
A public radio or television station devotes airtime to crowdfunding, aiming to attract contributions from non-contributing listeners.
Creating a brand community:
a. should only be done for a well-known brand.
b. is easier when customers themselves already participate in real world community activities.
c. requires skilled outside consultants.
d. usually requires a happy accident.
Answer: B
Explanation: Creating a brand community is easier when customers themselves already participate in real world community activities.
A brand community is a community in which consumers who share a set of social relationships based upon usage or interest in a product gather and mutually interact. Most times when this happens, it could cause others to become more aware of the brand. But if customers don't take out time to interact in the real world, this brand community may be difficult to achieve its aim.
Creating a brand community is often a strategic endeavor and is not limited to well-known brands; it can benefit from customer participation in real-world communities and does not always require skilled consultants or happy accidents. Engaging customers in an environment of critical reflection facilitates stronger online community ties.
Explanation:The question addresses the concept of creating a brand community. Interestingly, most choices in the question carry potential misconceptions about the process of building an online community. It is important to note that creating a strong brand community doesn't necessarily require the brand to be well-known beforehand nor does it always necessitate skilled outside consultants. Additionally, while a happy accident may sometimes play a role, effective brand community building is generally a deliberate and strategic process.
Customer participation is a critical aspect of successful brand community creation. When customers are already engaged in real-world community activities, they are likely more inclined to be active within an online community, easing the transition from physical to digital interactions. Studies, including those by consulting firms like McKinsey & Company, have highlighted the importance of online communities, showing that customer retention is significantly higher amongst community users than transaction site customers.
Finally, the approach to community engagement shouldn't be passive but should instead foster an environment of critical reflection and engagement, as indicated by the principles of adult education methods. Persuasion professionals often utilize grassroots approaches like identifying and engaging with information hubs—key individuals within a community—to encourage organic word-of-mouth promotion.
Sandy Bayes works at Hilton Brews as a senior sales executive and manages all the key national accounts of his company. His job involves ensuring that key customers receive the best service from Hilton Brews. Sandy is also responsible for acquiring new customers with high consumption needs on a nation-wide basis. Despite his lack of product specialization in all the product lines, Sandy is hired for this position because of his excellent interpersonal skills. Hilton Brews has most likely adopted a ________ sales-force structure.
A) product
B) team-based
C) territorial
D) market
E) complex
Answer:
D) market
Explanation:
The market-based structure is where an organization's divisions are predicated on markets, sectors or types of customers.
The market-based structure is suitable for such an organization with goods or services distinctive to specific target sections and seems to be especially effective if it has advanced knowledge of all those sections.
The organisational structure often holds the company in its various customer segments continually informed of changes in demand.
The correct option is C. In its sales-force structure, Hilton Brews most likely adopted a territorial approach, as indicated by Sandy's responsibility for managing national accounts and acquiring new customers on a nation-wide basis.
Hilton Brews has likely adopted a territorial sales-force structure. In this structure, salespeople are assigned to specific geographic areas where they are responsible for managing all sales activities within that territory. This approach is suitable for Sandy's role, as he manages key national accounts and focuses on providing the best service to customers within his territory, regardless of the specific products they are interested in.
Here's the reasoning behind the other options and why they are less likely:
A) Product: This structure is characterized by salespeople specializing in specific product lines. Since Sandy lacks product specialization in all the product lines, this option is not suitable.
B) Team-based: In a team-based structure, teams of salespeople with different skills work together to serve customers. While this structure can be flexible and responsive to customer needs, it is typically used for complex sales processes involving large customer accounts, which does not seem to be the primary focus of Sandy's role.
D) Market: A market sales-force structure is one where salespeople focus on specific market segments or industries. Sandy's role does not indicate a focus on a particular market segment; instead, he is responsible for acquiring new customers with high consumption needs on a nation-wide basis, which suggests a broader territorial approach.
E) Complex: A complex sales-force structure is a hybrid of the other structures, tailored to the specific needs of the company. While it's possible that Hilton Brews could have a complex structure, the description of Sandy's role does not provide enough evidence to suggest that this is the case. The focus on territorial management is the most distinctive aspect of Sandy's job, making option C the most appropriate choice.
Therefore, the territorial sales-force structure is the most fitting for Sandy's role at Hilton Brews, as it aligns with his responsibilities of managing key national accounts and acquiring new customers within a specific geographic area.
Excess return portfolio performance measures
a. Adjust portfolio risk to match benchmark risk.
b. Compare portfolio returns to expected returns under CAPM.
c. Evaluate portfolio performance on the basis of return per unit of risk.
d. Indicate historic average differential return per unit of historic variability of differential return.
e. None of the above.
Answer:
The answer would be E
Explanation:
Excess return, also known as alpha, is a measure of how much a fund has under or outperformed the benchmark against which it is compared.
metric allows investors to compare sets of funds against each other, in order to see which fund has generated greater excess returns.
On June 1, 2019, Brady purchased an option to buy 1,000 shares of General, Inc. at $40 per share. He purchased the option for $3,000. It was to remain in effect for five months. The market experienced a decline during the latter part of the year, so Brady decided to let the option lapse as of December 1, 2019. On his 2019 tax return, what should Brady report?
Answer:
Brady should report a short term capital loss of $3,000.
Explanation:
Short term capital losses are financial losses resulting from the sale of an asset that you have held for less than a year. If the loss results from the sale of an asset that was held for more than a year it is considered a long term capital loss.
Kelly Andersen founded a technology consulting firm several years ago. Her firm has grown rapidly and isfinancially successful. One thing that Kelly attributes her success to is that early on she assembled a panel of experts who provided her ongoing direction and advice about her business. What Kelly created is called a(n):Question options:
a) consultation panel.
b) suggestion panel.
c) idea board.
d) advisory board
Answer:
D) Advisory board
Explanation:
An advisory board is simply an organizational body that provides advice to (usually) the top-management of a firm.
Advisory boards are very common in succesful firms, especially in those that are part of competitive and complex industries such as the medical sector, or the IT sector. Consultants are a type of professional job that thrives in advisory boards, and many people live off this type of work.
If a licensee has received any commission in conjunction with a transaction in which the license law was violated, that licensee could be held liable for up to ______times the amount of the commission, in addition to having their license suspended or revoked.A. 7B. 6C. 5D. 4
Answer: The correct answer is "D. 4".
Explanation: If a licensee has received any commission in conjunction with a transaction in which the license law was violated, that licensee could be held liable for up to 4 times the amount of the commission, in addition to having their license suspended or revoked.
Receiving a commission on transactions that violate the license law is prohibited.
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic investment, but should be counted as production of final goods and services.
consumption expenditures, but should be counted as production of final goods and services.
consumption expenditures and should not be counted as production of final goods and services.
economic investment and should not be counted as production of final goods and services.
Answer and Explanation:
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic
Investment and should be counted as production of final goods and services.
Gross domestic product (GDP) is the total amount of goods and services produced and consumed within the country
Research on power is likely to provide information on the most effective ________. a. tactics for gaining compliance of employees b. leader-ship styles for motivating followers c. modes of assessing employee performance d. methods to reduce dependence on leaders e. methods of rewarding successful employees
Answer:
a.
Explanation:
Research on power is likely to provide information on the most effective tactics for gaining compliance of employees. This can be said because power revolves around having a following that will follow your orders and look up to you as a leader. Therefore you need to gain pure compliance from the employees that you are handling.
Seth did menial work—mostly house cleaning—when he could find it. He had been homeless for a year, and since then simply did not have a good enough employment record to find a regular job. He relied on welfare, a subsidized rental, food stamps, and even the occasional visit to a food pantry to supplement his work income. In terms of class, Seth would belong to the __________.
Answer: Under class
Explanation:
According to the question, Seth belongs to the under class as in the class hierarchy the underclass is one of the segment that belongs to the lowest position.
The people who belongs to the lowest or the bottom position in the society and also become the victim of the poverty in the society.
The underclass people are also comes under the economical weak section and they also lack of the educational and the social skills.
Therefore, Underclass is the correct answer.
Seth would belong to the underclass, which is the lowest tier in the class system, characterized by low income, menial jobs, reliance on welfare, and sometimes homelessness.
Explanation:Seth's situation—relying on welfare checks, subsidized housing, food stamps, and the assistance of food pantries—places him in the sociological category of the underclass. The underclass is considered the lowest tier in the United States' class system, often characterized by unemployment or underemployment and performing menial tasks for low compensation. Members of the underclass can include those who are homeless and those who primarily depend on the welfare system for support, which provides food assistance, medical care, and housing. While the working poor also have unskilled, low-paying jobs, they differ from the underclass in that they may have some steady employment, albeit without benefits and often seasonal or temporary.
Which component of the linear model of communication can interfere with the message being received?A. ReceiverB. NoiseC. ChannelD. Message
Answer:
B. Noise
Explanation:
The linear model of communication refers to how the message goes from the sender to the receiver. It explains that the sender creates a message and transmits it through a channel to the receiver who decodes it. However, there are different things that can affect this process. For example, the noise that refers to any factor that can disrupt the communication process. According to this, the component of the linear model of communication that can interfere with the message being received is the noise.
In the linear model of communication, 'noise' is the element that can interfere with the message being received. It encompasses any disruption that distorts, confuses, or interferes with the communication process.
Explanation:In the linear model of communication, the component that can interfere with the message being received is noise. Noise refers to any form of disruption that distorts, confuses, or otherwise interferes with the communication process. This can include literal noise like sounds, or metaphorical noise like misunderstandings or preoccupations that distract the receiver. For instance, if a teacher is explaining a concept in a noisy classroom, the students may not receive the intended message clearly due to the background noise.
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Scenario analysis is a way of testing forecasts by changing one assumption at a time.
A. True
B. False
Answer:
False
Explanation:
Although scenario analysis is a way of testing forecasts but not necessarily one assumption at a time.
Scenario analysis is done by keeping all the key risks in mind and predicting the possible outcomes, primary effects and secondary effects on a project. Secondary effects are further analysed to see if there are any other possible risks to consider.
It is not compulsory to change just one attribute at a time, many factors are alone and together analysed to predict better and have a proper set of actions ready to tackle the crisis.
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the following is true?
Answer:
The correct answer is (d)
Explanation:
The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.
Asahi, an active partner in the Sora-Wilson partnership, receives an annual bonus of 20% of partnership net income after deducting the bonus. For the year ended 2017, partnership income before the bonus was $150,000. Asahi should receive a bonus of___________.
Answer:
$25,000
Explanation:
Let x = partnership income after deducting bonus
Bonus = 20% of x = 0.2x
Partnership income before bonus = x + 0.2x
= 1.2x
If partnership bonus = $150,000
1.2x = $150,000
x = $150,000/1.2
x = $125,000
Asahi's bonus = 0.2x
= 0.2 ×$125,000
= $25,000
If your receive $1,000 at the end of each month, then after one year of inflation at 10% your monthly income in real (purchasing power) terms is only $________.
A. 100
B. 10
C. 900
D. 1000
Answer:
The correct answer is C. 900 dollars
Explanation:
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Due to inflation the purchasing power of currrency decrease. In other words there is an inverse relationship between inflation and purchasing power of money.
In this problem requires us to calculate real income. This can be calculated by dicounting income with the help of formula given below
RI (DF) = 1000 (1+10%)^-1 = 900
Tim Tradesman estimates his taxable income will be $25,400. He is paid biweekly or 26 times a year. Because Tim has only one source of income, he uses the Tax Tables to estimate how much will be deducted form his pay for withholding.
1. Finds the tax rate for his income level. = a0 %
2. Enters the base amount. = $ a1
3. Enters the amount of tax owed. = $ a2
4. Divides by a3 = $ a4
Answer:
1. 15%
2. $ 0
3. $3810
4. divide by 26 = $146.54
To calculate Tim Tradesman's tax liability, the specific tax rate and base amount corresponding to his income level from the tax tables are required. Generally, a person's tax is the sum of a base amount plus a percentage of income above a given threshold. If tax tables aren't available, a rough estimate of 20% of income may be used for a single self-supporting person.
Explanation:The subject matter here is Mathematics, specifically in the context of taxation and income. The grade level is appropriate for High School students who are likely studying personal finance or basic economics. When estimating tax liability using the tax tables provided, it is important to understand the concept of marginal tax rates and how they apply to varying income levels.
For Tim Tradesman, who has an estimated taxable income of $25,400, we would use the tax information given in the question to calculate the taxes owed. However, without the specific information from Table 27.2.1 for his income bracket, we cannot provide the exact tax rate, base amount, amount of tax owed, or the amount that would be deducted biweekly from Tim's pay for withholding purposes. Instead, a general method can be used where one understands that taxes are based on income brackets and that a person pays a base amount plus a percentage of their income over the threshold for their bracket, as per the example provided with a $20,000 income.
If a student does not have the specific tax rate schedules available, a rough estimate of 20% can be used for calculating taxes as mentioned in the reference material. Also, understanding the relationship between marginal and average tax rates is an important concept in taxation.
There is no correlation between the industrial revolution and social economic changes.
Answer:
False
Explanation:
The industrial revolution resulted in higher standards of livings, better jobs for the working class, and generally speaking a much more comfortable life for most of society's members.
Manufactured products started to lower their prices since total output increased, and common middle class working people were able to purchase them.
European nations became dominant, especially the United kingdom. For the first time in history, China was not the most powerful nation in the world.
The positive effects of the industrial revolution were felt by the middle class, factory owners, business people (bourgeoisie), landowners and governments.
Of course not everything was good, a lot of negative effects came along with the industrial revolution. When cities started to grow due to migration from the countryside to large cities, slums were created, child labor became common and the differences in educational level increased. Working conditions in the factories were not that good either, with long hours and conditions that would currently be considered inhumane.
When a company undergoes a repositioning, it depends on its advertising effort to _________.
A) make sure the position has substance. B) make sure consumers understand the theme behind its repositioning. C) reduce the size of the competitive field. D) select a target market.
Answer: Make sure consumers understand the theme behind its repositioning.
Explanation:
When a company undergoes repositioning, the company is trying to change the way it's been viewed by members of the public.This changes in public perception of the company, would also affect the internal structure of the repositioned company.
An example of a company undergoing repositioning is when a company opens up more branches across different locations for their firm.
Advertising makes it possible for the public to be aware of the repositioning activities a company is carrying out.
Which form responds to losses that occur while the policy is in force, regardless of when the claim is made?
Answer:
an occurrence form
Explanation:
An occurrence form provides coverage for any incident that takes place during the policy period. The important thing about an occurrence form is when the incident or loss took place, not when it was reported. If the event took place while the policy was in effect, then any loss must be covered even if the event was reported after the policy period ended.
Veronica buys a laptop from a local salesperson, but it turns out to be defective. She tells her friends and relatives about the poor performance of the laptop. From the perspective of the salesperson, this is an example of: a sneak attack. routing. a lead disqualification. browbeating. a negative referral.
Answer: A negative referral.
Explanation: Veronica has given a negative report of the laptop she bought from local salesperson to her family and friends therefore a negative referral has been given about the salesperson, which would discourage the family and friends from buying things from that local salesperson in the future.
Veronica telling her friends and relatives about the defective laptop she bought from a salesperson is an example of a negative referral. Negative referrals can influence potential customers negatively and damage a business's reputation.
Explanation:From the perspective of the salesperson, Veronica telling her friends and relatives about the poor performance of the laptop would be considered a negative referral. A negative referral occurs when a dissatisfied customer shares their negative experience with potential customers, thereby influencing their perceptions and potentially their buying decisions. In contrast to formal advertising or proactive word-of-mouth promotions by satisfied customers, negative referrals can significantly damage a business's reputation and sales.
Tiana is having a garage sale and notices that someone seems interested in buying a lamp. Tiana approaches the person, suggests a price of $5, and the person quickly agrees. Tiana suddenly wonders if she could get more money for the lamp, so she tells the person that she should check with her husband before selling the lamp. Tiana goes into her house, waits a minute, then returns, saying that her husband will only sell the lamp for $15. Tiana is using a sales strategy known as the _____ technique.
Answer:
Low balling technique
Explanation:
Low balling technique
Low balling technique is a tactics which is implemented to know the mood of the buyer or to get ready the buyer by offering low price of the item than he/she is expecting and then suddenly increase the price of item
in the given question, tiana who want to sell garage for $5 but after observing the mood of interested buyer she changed her mind from$5 to $15 for the same garage.
When a pharmaceutical company introduces a new drug, its research and development costs are ______, and the cost of the chemicals used in manufacturing the drug are ______. Multiple Choice
start-up costs;
fixed costs fixed costs;
start-up costs start-up costs;
variable costs marginal costs;
variable costs
Answer:
Start-up cost; variable cost
Explanation:
Start-up cost is the cost incurred in developing a new product. It is a one time cost that is incurred only at the time of creating something new. Start-up cost includes borrowing cost, research and development cost and expenses incurred on technology.
Variable costs change with the change in units of output produced. Cost of chemicals depend on the amount of drugs produced. So, research and development cost is start-up cost and cost of chemical is variable cost.
When a bond's price falls, its yield to maturity and its current yield?a.falls; falls b.rises; rises c.falls; rises d.rises; falls
Answer:
(B) rises; rises
Explanation:
There is an inverse relationship between a bond's price and its yield, be it its yield to maturity or its current yield. The relationship is evident is the pricing formula for a bond.
[tex]Bond Price = ∑\frac{Coupon}{(1+y)^{n} }[/tex]
where y = the current yield of the bond (or yield to maturity)
n = the number or period of each coupon paid.
Thus, when a bond'd price falls, its yield to maturity and current yield rise.
The yield to maturity of a bond is a single yield that equates the discounted values of all coupon and principal repayment of the bond to its current price. On the other hand, the current yield is the yield of the bond at a particular period and is influenced by the level of interest rate in an economy, the current rating of the bond, etc.
The amount of potential energy in 1 glucose molecule = 2805kJ/mol. The amount of energy in 1 ATP molecule = 30.5kJ/mol. In a human skeletal muscle cell, 36 molecules of ATP are made for every 1 molecule of glucose burned. What is the efficiency of the aerobic respiration pathway?
Answer:The efficiency of the aerobic respiration pathway is 39.1%
Explanation:
Efficiency = (Energy output÷Energy input) × 100
Energy output = Amount of energy in 36 ATP molecules = 36 × Amount of energy in 1 ATP molecule = 36×30.5KJ/mol = 1098KJ/mol
Energy input = Amount of potential energy in 1 molecule of glucose burned which is 2805KJ/mol
Efficiency =(1098KJ/mol ÷ 2805KJ/mol) × 100 = 39.1%
Efficiency of the aerobic respiration pathway is 39.1%
An individual is attempting to determine if it is necessary to register as an investment advisor due to the nature of some of their activities. The individual only works with accredited or qualified clients. How does this affect registration requirements?
Answer:
[D]
Explanation:
Based on the information provided within the question it can be said that the Clients being accredited or qualified would not affect registration requirements or exemptions. This is due to Investment Advisors Act of 1940 and Investment Advisor would have to register if they are giving advice about securities, being compensation, and being the business of giving advice, regardless if the client are accredited or qualified.
When the multiple currencies feature is enabled, which currency is used as the basis for all currency conversion rates?A. corporate currencyB. record currencyC. active currencyD. personal currency
Answer and Explanation:
A. corporate currency
When the multiple currencies feature is enabled, the 'corporate currency' is used as the basis for all currency conversion rates. This is a common currency adopted by an organization or business for its transactions, which eliminates exchange risk.
Explanation:The currency used as the basis for all currency conversion rates when the multiple currencies feature is enabled is the corporate currency. The corporate currency is a common currency adopted by an organization or business for its international dealings to facilitate a seamless process in conversion rates. For example, in the European Union, wherein some countries adopted the euro as a common currency, all other currencies' value can be converted and compared against the value of the euro, thereby eliminating foreign exchange risk and providing a uniform basis for financial transactions.
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