Although MNCs May Need to Convert Currencies Occasionally, They Do

question 71

True/False

Although MNCs may need to convert currencies occasionally, they do not face any exchange rate risk, as exchange rates are stable over time.

---

Definitions:

Election Campaign

An organized effort which seeks to influence the decision-making process within a specific group by selecting individuals for public office.

Layoffs

The temporary or permanent dismissal of employees from their jobs due to economic downturns, restructuring, or other organizational changes.

Union Certification Process

The procedure through which a union is officially recognized as the bargaining representative for a group of employees, typically involving an election.

Misrepresent

To provide a false or misleading representation of facts, leading to incorrect impressions or conclusions.