Due to advanced communications technology and the standardization of general procedures, working capital management for multinational firms is no more complex than it is for large domestic firms.

Question

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Working capital management for multinational firms involves additional complexities such as foreign exchange risks, different tax laws, and cultural differences, making it more complex than for large domestic firms. While technology has improved the communication and standardization of procedures, it does not eliminate these additional challenges.

Due to Advanced Communications Technology and the Standardization of General