All of the Following Statements About Multinational Companies Are True

question 114

Multiple Choice

All of the following statements about multinational companies are true EXCEPT:

• A)Management accountants in multinational companies need to budget in different currencies.
• B)Multinational companies earn revenues and incur expenses in one currency.
• C)Management accountants in multinational companies need to budget for foreign exchange rates.
• D)Besides currency issues,multinational companies need to understand the political,legal and,in particular,economic environments of the different countries in which they operate.

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Definitions:

Electronic Surveillance

Monitoring of individuals or groups by government agencies or private entities using electronic devices.

Information Technology

The use of computers and software to manage information, particularly by businesses and other organizations.

Privacy Needs

The requirement for personal information to be protected from unauthorized access, use, disclosure, disruption, modification, or destruction.

Data Protection Laws

Regulations designed to protect individuals' personal information from misuse, unauthorized access, or disclosure.