The inclusion of assets from countries that are less sensitive to the U.S. business cycle reduces the portfolio's responsiveness to market movement and to foreign currency fluctuation

The accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. What form of processes do these represent?

A. Customer-facing processes B. Business-facing processes C. Industry-specific customer facing processes D. All of the above

Budgets and performance reports should be developed on the basis of

A) responsibility accounting. B) generally accepted accounting principles. C) financial accounting standards. D) managerial accounting standards.