Carrying Excess Cash Is Convenient but Expensive Because Cash Earns

question 138

True/False

Carrying excess cash is convenient but expensive because cash earns little or no return.

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Definitions:

Transnational Strategy

A business approach where a company seeks to achieve global reach, efficiency, and local responsiveness simultaneously.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often due to unique resources, capabilities, or strategies.

Strategic Challenges

Difficulties or obstacles encountered in planning and executing strategies to achieve long-term goals.

Global HR

Human resource strategies and practices that are applied across and adapt to the multinational contexts of global organizations.