国际商务课本自带题库Chap20

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1、Chapter20AccountingandFinanceintheInternationalBusiness True/FalseQuestions 1.Accountinginformationisthemeansbywhichfirmscommunicatetheirfinancialpositiontotheprovidersofcapital.  True    False 2.Accountingisshapedbytheenvironmentinwhichitoperates.  True    False 3.Banksarethemostimportantsourceo

2、fexternalcapitalforbusinessenterprisesintheUnitedStates.  True    False 4.Accountingstandardsarerulesforpreparingfinancialstatements.  True    False 5.Auditingstandardsarerulesthatdefinetheaccountingprinciplesandmonetarypolicyofanation.  True    False 6.IASBisamajorproponentofinternationalaccount

3、ingstandards.  True    False 7.CompliancetoIASBstandardsismandatoryforcountriestoengageininternationaltrade.  True    False 8.ThestandardsofU.S.FinancialAccountingStandardsBoardandIASBarevastlydifferent.  True    False 9.Thebudgetisthemaininstrumentoffinancialcontrolinanorganization.  True    Fal

4、se 10.Mostinternationalbusinessesrequireallbudgetsandperformancedatawithinthefirmtobeexpressedinthecurrenciesofthecountrieswhereitssubunitsarelocated.  True    False 11.AEuropeansubsidiaryofaU.S.firmwillusuallyprepareitsbudgetsinEuro.  True    False 12.Theinitialrate,intheLessard-LorangeModel,ref

5、erstothespotexchangeratewhenthebudgetisadopted.  True    False 13.TheendingratereferstothespotexchangerateforecastfortheendofthebudgetperiodintheLessard-LorangeModel.  True    False 14.UsingtheendingratetotranslatethebudgetisavalidpracticeaccordingtotheLessard-LorangeModel.  True    False 15.Less

6、ardandLorangerecommendthatfirmsusetheprojectedspotexchangeratetotranslateboththebudgetandperformancefiguresintothecorporatecurrency.  True    False 16.Theprojectedratewilltypicallybetheforwardexchangerateasdeterminedbytheforeignexchangemarketwhenfirmsusetheprojectedspotexchangeratetotranslateboth

7、thebudgetandperformancefiguresintothecorporatecurrency.  True    False 17.Thepriceatwhichgoodsandservicesaretransferredbetweensubsidiarycompaniesinamulti-nationalfirmisreferredtoasminimumretailprice.  True    False 18.