Translation of foreign currencies is a challenge faced by the budgeting process in ﬁrms with international operations.

Name: Translation of foreign currencies is a challenge faced by the budgeting process in ﬁrms with international operations.
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Question

Quizplus · Accepted Answer

This statement is true. When a firm has international operations, it may have to deal with multiple currencies, and fluctuations in exchange rates can impact the budgeting process. Thus, translation of foreign currencies can be a challenge for such firms.

Translation of Foreign Currencies Is a Challenge Faced by the Budgeting