The particular strategy of trying to offset stable inflows of cash from one country with outflows of cash in the same currency is known as:
A) hedging.
B) diversification.
C) matching.
D) balancing.
Answer: C
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A cash payments journal is a special journal that ________.
A) differs from the cash disbursements journal B) eliminates the need to perform a bank reconciliation C) is used to record cash payments by check and currency D) is used to record the net of cash payments and cash receipts by check and currency
____ involve(s) the development of short-terms objectives and goals
A) Controlling activities B) Strategic planning C) Operational planning D) Financial activities
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Indicate whether the statement is true or false