Asked by
Carl Andrei Brigoli
on Oct 14, 2024Verified
The primary economic environment in which an entity operates is determined by:
A) currency in which sales are denominated.
B) currency in which costs are denominated.
C) currency in which financing is obtained.
D) all of the above.
Primary Economic Environment
The main geographical market or economic setting in which an entity operates and generates most of its revenue.
Financing
The process of obtaining capital or funds to operate, expand, or invest, through means such as loans, equity, or bonds.
Sales
The exchange of goods or services for money, representing the revenue of a company.
- Identify the primary economic factors influencing the determination of the functional currency.
Verified Answer
KW
Learning Objectives
- Identify the primary economic factors influencing the determination of the functional currency.
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