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According to the levels-of-processing approach, the most effective way to learn a passage in a textbook is usually in terms of
Consolidated Books
Financial records that combine the assets, liabilities, and operating accounts of parent and subsidiary companies into one set of statements.
Translation Loss
A decrease in the value of foreign currencies held by a company because of changes in exchange rates, affecting the financial statements when consolidating.
Expropriates
The action of a government taking privately owned property, usually without fair compensation.
Multinational Firm
A company that operates in multiple countries, utilizing a global strategy to manage its operations and market its products or services.
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