The exposure of an MNC's consolidated financial statements to exchange rate fluctuations is known as transaction exposure

The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the future.

a. true b. false

According to the text, which type of selling situation relies most heavily on building a relationship with the customer?

A) transactional B) straight re-buy C) strategic alliance D) consultative E) outbound telemarketing