Translation exposure or risk occurs because the currency in which business is conducted may lose or gain value in terms of the company's home currency when financial statements are consolidated.
Answer the following statement true (T) or false (F)
True
This is exactly what translation exposure is.
You might also like to view...
A question asked by stockholders is, "How much profit did the company make?" What should the stockholder examine to get the most information that will help evaluate the answer to this question?
a. The balance sheet, because retained earnings represents current profits b. The statement of cash flows, as cash inflows and outflows represents current profits c. The income statement, since it shows the revenues and expenses for the period d. The economic resources of the company
What is m-commerce, and how is it different from e-commerce?
What will be an ideal response?
Trish asks her customer, "Who do you buy your supplies from now?" Which type of question is this?
A) confirmation B) probing C) survey D) need-satisfaction E) referral
Compare the operation of a vehicle cruise control system to the control process of an organization.
What will be an ideal response?