Based on Most Surveys of U

question 29

Multiple Choice

Based on most surveys of U.S.-based MNE performance evaluation systems,

• A) completely separate performance evaluation systems are used for foreign operations.
• B) return on investment is the most widely utilized performance evaluation measure.
• C) capital and operating budgets are not very useful due to currency differences.
• D) very few companies use local currency information for performance evaluation.

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Definitions:

Sales Budget

A detailed plan that outlines projected sales for a future period, taking into account factors like marketing strategies and market conditions.

Sole Task

A sole task is a single duty or responsibility assigned to a person or a system.

Continuous Budgeting

A financial planning approach that involves continuously updating a budget by adding a new period as the current period is completed.

Revising Budgets

The process of reviewing and adjusting planned budgets based on actual performance and changing circumstances.