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In the multidivisional structure, each industry or geographic region that the firm engages in is managed through a subsidiary. True False Transfer prices should equal opportunity cost. True False Core competencies are complex sets of resources and capabilities that link different businesses in a diversified firm through managerial and technical know-how, experience, and wisdom. True False When a firm operates in multiple industries simultaneously it is said to be implementing a product diversification strategy. True False In an agency relationship the party delegating the decision-making authority is called the principal. True False