Question

Which of the following statements is true? - The currency values among different countries rarely fluctuate....

Which of the following statements is true?

- The currency values among different countries rarely fluctuate.

- Cash flows of various parts of a multinational corporate system are always denominated in the same currencies.

- Institutional differences among countries can cause significant problems in coordination of subsidiaries.

- No nation places constraints on the transfer of corporate resources.

- Within similar geographic regions, different countries have uniform cultural heritages that shape values and influence the role of business in the society.

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Answer #1

Statement 3 is true -  Institutional differences among countries can cause significant problems in coordination of subsidiaries.

Statement 1 is incorrect - The currency values frequently fluctuate

Statement 2 is incorrect - Cash flows of various parts of a multinational corporate system are almost never denominated in the same currencies

Statement 4 is incorrect - Many nation place constraints on the transfer of corporate resources.

Statement 5 is incorrect - Even within similar geographic regions, different countries have varying cultural heritages that shape values and influence the role of business in the society.

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