A firm in the International Trade Phase of Globalization:
A) makes all foreign payments in foreign currency units and all foreign receipts in domestic currency units.
B) receives all foreign receipts in foreign currency units and makes all foreign payments in domestic currency units.
C) bears direct foreign exchange risk.
D) none of the above
Answer: C
You might also like to view...
Which one of the following best explains the distinction between inventory and an operating asset?
a. ownership b. cost c. intent d. purchase price
The cardinal rule of public relations is to ________
A) lie if it is in the best interest of the client B) write a tell-all book revealing why your CEO lied C) do what is legal, even if it is not ethical D) never lie
A medium that appeals to a large geographic audience may have substantial waste for a local retailer
Indicate whether the statement is true or false
Why is it important to put HR metrics and analytics in context?
What will be an ideal response?