1. ________ is a technique for managing international risk since the cash outflows will occur in the same foreign currency.

a. Parity

b. Licensing

c. Borrowing money in the foreign currency

d. Partnering with an overseas domestic company

2. A firm that expands internationally by selling their products in overseas domestic markets is

a. exporting

b. franchising

c. partnering with a foreign company

d. engaging in direct foreign investment.