23-)

Assume an international regime of fixed exchange rates. When countries do not want to engage in direct intervention, countries with a BOP ________ should consider ________ their currency while countries with a BOP ________ should consider ________ their currency.

Select one:

a. surplus, devaluing; deficit, revaluing

b. surplus, revaluing; deficit, devaluing

c. deficit, revaluing; surplus, revaluing

d. deficit, devaluing; surplus, devaluing

25-)

Historical exchange rates may be used for ________, while current exchange rates may be used for ________.

Select one:

a. equity accounts and fixed assets; current assets and liabilities

b. equity accounts and current liabilities; current assets and fixed assets

c. fixed assets and current assets; income and expense items

d. current assets and liabilities; equity accounts and fixed assets

26-)

The Shareholder Wealth Maximization Model (SWM):

Select one:

a. combines the interests and inputs of shareholders, creditors, management, employees, and society.

b. is being usurped by the Stakeholder Capitalism Model as those types of MNEs dominate their global industry segments.

c. clearly places shareholders as the primary stakeholder.

d. is the dominant form of corporate management in the European-Japanese governance system.