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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
Global Business and Accounting

True/False Quiz

Please answer all questions



1

International licensing involves contracts that allow a foreign company to use a domestic company's trademarks, patents, processes or technology.
A)True
B)False
2

Global sourcing involves the close coordination of research and development, purchasing, marketing, and manufacturing across national boundaries.
A)True
B)False
3

An increase in foreign exchange rates benefits American companies making credit sales to foreign companies.
A)True
B)False
4

A company that follows a policy of hedging all contracts specifying a foreign currency will report only gains from fluctuations in exchange rates.
A)True
B)False
5

Firms engage in global sourcing to avoid the complexities created by differences in exchange rates
A)True
B)False








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