True or Flase
1. Translation Riks can be Hedged against by using the forward makret for currency exchange.
2. Transfer pricing is a form of intracorporate pricing that can be used to shift the tax burden from one subsidiary to another.
3. Market segment screening is based on needs beyond national borders.
4. A disadvantage for companies that insist on less risky transactions, such as a letter of credit, is that they may be losing business to competitors who sell on open accounts.
5. An importer delays payment of the necessary currency exchange when she thinks her currency will decreses in value in terms of the foreign payment currency.
6. When using a money market hedge, the hedger will immediately convert the currency borrowed into its own currency.
7. JIT systems are always more efficient than synchronous manufacturing systems.
8. The US has no adopted the international financial reporting standards.
9. Organization design is the way an organization formally arranges its domestic and internatnional units and activites.
10. Brain drain is the return home of highly skilled immigratns who have made a contribution in their adopted country.
11. In global operation, decisions must be made only at the IC headquarters,
12. CIF and CFR are incoterms used in international shipping that mean the same thing.