Listed below are nine global business terms introduced in this chapter: Foreign exchange risk Future contracts International Accounting Standards Board Loss or fluctuation in Hedging Exporting foreign exchange rates Planned economy International licensing Foreign Corrupt Practices Act Each of the following statements may or may not) describe one of these terms. In the space provided below each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms. The strategy of creating offsetting positions so that losses from currency fluctuations will be offset by gains resulting from the same fluctuations. Selling a good or service to a foreign customer. Government allocates resources and determines output through central planning. d The organization responsible for developing uniform worldwide accounting standards. Distinguishes between illegal influence peddling and legal facilitating payments. f A cross-border contractual agreement allowing one company to use trademarks, patents, or technology of another company. The impact on the value of a company of unexpected fluctuations in the exchange rate