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Explain the importance of managing short-term foreign exchange risks as a requirement for decision making using global information systems (GISs).
Grand
A term that can signify something of great importance, size, or rank.
Middle Range
Pertaining to theories or concepts that fall between grand theories and discrete observations, providing a manageable framework for study and analysis.
Theories
Systematic ideas or principles formulated to explain phenomena, guide research and practice in various fields.
Scope and Breadth
The range or extent of coverage, influence, or action of a particular subject or activity.
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