If a foreign exchange transaction calls for payment in the importer's currency, the exporter has the foreign exchange risk

Which of the following about MBO is false?

A. It is a management philosophy that bases an employee's evaluations on whether the employee achieves specific performance goals. B. Employee involvement is high in MBO. C. It is a set of mutually agreed-upon objectives that are measurable and specific. D. It is best suited for managing the performance of employee's who work in contexts in which subjective measures of performance can be quantified. E. Employee performance can be gauged by referring to the degree to which the employee achieves results that are consistent with the objectives.

In a product sales force structure, no single salesperson can become an expert in all of the product categories, so product specialization is required

Indicate whether the statement is true or false