In: Accounting
67. Which of the following statements is true in the case of budgeting for multinational companies?
Group of answer choices
While budgeting for multinational companies, managers consider difference in tax statutes as an uncontrollable factor.
While budgeting for multinational companies, managers do not account for foreign exchange fluctuations as the operating profits are reported in different currencies.
While budgeting for multinational companies, managers must be aware that budgets will not be used for evaluating performance.
While budgeting for multinational companies, managers are not concerned about the domestic factors of the different countries in which they operate.