Since earnings can a affect stock prices, many MNCs are concerned about translation exposure True False Generally, MNCs with less foreign revenues than foreign costs will be favorably affected by a weaker foreign currency. True False If a U.S. firm's cost of goods sold in Switzerland is much greater than its sales in Switzerland, the appreciation of the Swiss franc has a negative impact on the firm's gross profit. True False A U.S. based firm sells products to U.S. consumers and purchases all of materials from U.S. suppliers. Its main competitor is located in Belgium. Then it is subject to economic exposure. True False Assume that the Japanese yen is expected to depreciate substantially over the next year, the U.S.-based MNC has a subsidiary in Japan, where its costs exceed revenues. The overall value of MNC will because of the yen's depreciation. decrease remain unchanged increase A and C are possible If a U.S. firm's sales in UK are much greater than its cost of goods sold in UK. the appreciation of the pound has a impact on the firm's negative; gross profit positive; interest expenses positive; gross profit negative; interest expenses