WGU D080 Terms

WGU D080 Terms exchange rate system - Answer A system where a currency's value is tied to the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold WGU D080 Terms Verified 100% Correct… fixed-rate currency exchange system - Answer When a country's currency value is fixed or pegged by a monetary authority against the value of another currency, a basket of currencies, or another measure of value flat structures - Answer Organizational structures with few layers floating exchange rate - Answer A system where the value of currency in relation to others is allowed to freely fluctuate subject to market forces foreign currency - Answer Any form of money in circulation in a different country foreign exchange market - Answer The market in which people use one currency to buy another currency forward contract - Answer A contract in which the firm agrees to pay a set rate at the beginning of a contract. Free trade - Answer International trade left to its natural course without tariffs, quotas, or other restrictions Free Trade Agreement - Answer Economic agreement between countries to allow free trade between members free-trade zone - Answer An area where the nations allow free, or almost free, trade among each other while imposing tariffs on goods of nations outside the zone fronting loan - Answer A loan made between a parent company and its subsidiary through a financial intermediary such as a bank Functional departmentalization - Answer Organizing a company's people, tasks, and resources based on business functions such as marketing, production, and sales Functional/departmental structure - Answer An organizational structure dividing employees into departments based on business functions GAAP - Answer A collection of generally accepted accounting principles used in the United States Geocentric - Answer HR strategy that takes a whole-world view of the company, hiring the best people for positions regardless of location Geographic departmentalization - Answer Organizing a company's people, tasks, and resources based on a geographic region Gini coefficient - Answer Measures the inequality among values of a frequency distribution such as levels of income