All of the following are traits of operating segments except:

Question 1 options:

A)	A component of an enterprise that earns revenues and incurs expenses

B)	Operating results are regularly reviewed by the enterprises chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance

C)	Discrete financial information is available

D)	Is separately incorporated from the parent company

Question 2(4 points)

One of the tests for determining a reportable segment is that the assets of the segment:

Question 2 options:

A)	Are greater than the liabilities of the segment in FMV

B)	Represent a majority of the firms depreciation expense

C)	Are located in a distinct geographic area

D)	Represent 10% or more of the combined assets of all operating segments

Question 3(4 points)

Disclosed information about a segment includes all of the following traits except for:

Question 3 options:

A)	Information presented for reportable segments must be reconciled to the respective consolidated amounts for the enterprise as a whole

B)	The measure of profit or loss follows a management approach focusing on internal decision making rather than any strict definition of profit used by the enterprise

C)	Disclosure of the segment assets

D)	Information must be presented in the dominant foreign currency if the majority of the segments assets are located outside the U.S.

Question 4(4 points)

The current rate of exchange between two currencies is known as the:

Question 4 options:

A)	Average Rate

B)	Forward Rate

C)	Floating Rate

D)

Spot Rate

A future rate of exchange between two currencies is known as the:

Question 5 options:

A)	Average Rate

B)	Forward Rate

C)	Floating Rate

D)

Spot Rate

The cumulative change in the forward value of a contract is measured as:

Question 6 options:

A)	The difference between the inflation rates of the two respective countries

B)	The difference between the original forward value and the remaining forward value

C)	The difference between the present value of the spot rate and the remaining forward value

D)	The total daily differences in the spot rate and the discounted forward rate

Save Question 7(4 points)

A foreign currency option represents a(n) _____ to either ____ or _____ some quantity of a particular foreign currency.

Question 7 options:

A)	Right, hold, retain

B)	Obligation, buy, sell

C)	Obligation, hold, retain

D)	Right, buy, sell

Save Question 8(4 points)

The currency of the primary economic environment in which the entity generates and expends cash is called the:

Question 8 options:

A)	Foreign currency

B)	Functional Currency

C)	Exchanged currency

D)	Home currency