To hedge translation exposure, MNCs could ____ that their foreign subsidiaries receive as earnings to create a cash outflow in the currency to offset the earnings received in that currency.

When a periodic inventory system is used, ________

A) an adjusting entry is needed to record the ending Merchandise Inventory account balance B) the process for closing the Income Summary and Dividends accounts differs from the process used in the perpetual inventory system C) beginning Inventory, Purchases, and Freight In accounts are closed via the Income Summary Account D) there is no need to take a physical count of inventory

________ positioning involves meeting consumers' lower performance or quality requirements at a much lower price

A) More for less B) Less for much less C) Same for less D) More for more E) More for the same