Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements about multinational working capital management is correct? Exchange rate changes can greatly influence the credit policies of multinational companies. Foreign

Which of the following statements about multinational working capital management is correct?

Exchange rate changes can greatly influence the credit policies of multinational companies.

Foreign governments generally do not restrict the amount of cash multinational corporations can return to their home countries.

Multinational companies hold larger-than-normal amounts of inventory in countries where the chances of expropriation are high.

Most multinational corporations prefer banking with the local banks where they operate rather than with mega international banks.

The political and legal environments of many foreign countries are more helpful to multinational corporations in the collection of credit sales than in the United States.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a risk based approach to conducting a quality audit

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

9th edition

9781133939160, 1133939155, 1133939163, 978-1133939153

More Books

Students also viewed these Finance questions

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

What is the coefficient of determination? nju8

Answered: 1 week ago