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Question 70 The variability of a firm's operating cash flows is probably reduced by international diversification of its production, sourcing, and sales because exchange rate

Question 70

The variability of a firm's operating cash flows is probably reduced by international diversification of its production, sourcing, and sales because exchange rate changes under disequilibrium conditions are likely to increase the firm's competitiveness in some markets while reducing it in others.

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True

False

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