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.

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Definitions:

Openness to Experience

A personality trait characterized by a willingness to try new things and be open to new and diverse experiences.

Narrow Minded

Having or showing a limited outlook or willingness to consider alternative ideas, perspectives, or options.

Operations

The day-to-day activities involved in running a business, producing goods, or providing services, focusing on efficiency and effectiveness of the process.

Internal Locus

The belief that individuals control their own destiny and outcomes are primarily the result of their own efforts.