Credit Policy for Multinational Firms Is Generally More Risky Due

question 13

True/False

Credit policy for multinational firms is generally more risky due in part to the additional consideration of exchange rates and also due to uncertainty regarding the credit worthiness of many foreign customers.

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Definitions:

Biological Constraints

Limitations on learning and behavior that are rooted in biological factors or innate predispositions.

Cognitive Maps

Cognitive maps that allow people to navigate and comprehend their surrounding space.

Classical Conditioning

A training routine where two stimuli are continuously associated; the reaction, at outset evoked by the second stimulus, ultimately becomes evoked by the first stimulus solely.

Immediate Reinforcers

Rewards or consequences that immediately follow a behavior, significantly affecting the likelihood of the behavior occurring again.