Which One of the Following Is a False Statement When

question 80

Multiple Choice

Which one of the following is a false statement when engaged in bilateral netting?

• A)Total interaffiliate receipts will always equal total interaffiliate disbursements.
• B)We can reduce the number of foreign exchange transactions among a MNC with N affiliates to or less
• C)Each affiliate nets all its interaffiliate receipts against all its disbursements. It then transfers or receives the balance, respectively, if it is a net receiver or payer respectively.
• D)All of the above

---

Definitions:

Static Budgets

Financial plans that remain unchanged over the budget period, irrespective of any variations in activity levels.

Master Budgeting

A comprehensive financial planning document that includes all of an organization's budgets for a specific period.

Budget Preparation

The process of creating a plan that estimates the revenue and expenses for a future period.

Capital Expenditures Budget

A budget summarizing plans for acquiring fixed assets.