The task of managing working capital accounts in multinational corporations is far simpler than in purely domestic firms because domestic firms are not affected by different languages, different cultures, different political environments, different economic conditions, and so forth.

Question

Quizplus · Accepted Answer

The statement is false. Managing working capital accounts in multinational corporations is more complex due to the additional factors of different languages, cultures, political environments, and economic conditions present in each country of operation.

The Task of Managing Working Capital Accounts in Multinational Corporations