U.S.-based MNEs are not permitted to set budgets and monitor results using the same exchange rate.

Name: U.S.-based MNEs are not permitted to set budgets and monitor results using the same exchange rate.
Brand: Quizplus
Rating: 5.0 (53 reviews)

Question

Quizplus · Accepted Answer

U.S.-based MNEs are permitted to set budgets and monitor results using the same exchange rate. However, they may choose to do so using different exchange rates if it is more beneficial for their financial reporting purposes.

US-Based MNEs Are Not Permitted to Set Budgets and Monitor