Which of the following is a true statement?
A) As long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market.
B) The firm should not get into new lines of business solely to diversify exchange risk because conglomerate expansion can bring about inefficiency and losses.
C) All of the above are true
D) None of the above is true
Correct Answer:
Verified
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