Question: 4. As a subsidiary manager, would you consider Regent's use of the beginning-of-the-year exchange rate for budget setting and average-of-the-year rate for budget tracking appropriate?

4. As a subsidiary manager, would you consider Regent's use of the beginning-of-the-year exchange rate for budget setting and average-of-the-year rate for budget tracking appropriate? Why? What changes in the budgeting process can Regent make to prepare foreign subsidiary managers to better respond to the effects of inflation and exchange rate changes

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