A foreign subsidiary's functional currency is the currency of the primary economic environment in which the subsidiary operates and in which it generates cash flows

Indicate whether the statement is true or false.

Answer: TRUE

Business

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State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms?

What will be an ideal response?

Business

WLAN-based Internet access derives from the same technological foundations as telephone-based wireless Internet access

Indicate whether the statement is true or false

Business