Which of the following characteristics does not describe a liability:

Of the following activities, which should be priorities for smart multinationals?

A) using American celebrities to become popular across the globe B) supporting local causes in philanthropic efforts C) working with their host country's leaders at the national level D) keeping an eye on the costs and revenues of doing business

If a U.S. company enters into a purchase agreement with a European company and the contract is

denominated in euros, then direct exchange rate risk exists for both companies. Indicate whether the statement is true or false