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1) according to statement 52, "foreign currency translation," the functional currency of
an integral subsidiary is to be the home currency.
2) regardless of a firm's domestic structure, its international division tends to be
organized on economy.
3) proactive firms do not consider exporting until their domestic market is saturated and
the emergence of excess productive capacity at home forces them to look for growth
opportunities in foreign markets.
4) under a 1997 agreement sponsored by the wto, outward investment has increased
competition and stimulated investment in the modernization of telephone networks
around the world, leading to better service.
5) currency speculation involves the long-term movement of funds from one currency
to another in the hopes of profiting from shifts in exchange rates.
6) the most important aspect of cultural differences is values.
