T or F for all these! PLEASE!!!

True or False (Tor F-worth 1 point each): A foreign exchange market is a market for converting the currency of one country into that of another Freely convertible currency allows non-residents to convert domestic currency into foreign currency but restricts residents from doing so _ According to our textbook, a fixed exchange rate regime modeled along the lines of the Bretton Woods system probably will not work Value creation are activities restricted to sourcing that increase the value of and end product_ In terms of attaining a competitive advantage, support activities can be as important, if not more important than, the primary activities of the firm Companies in emerging countries should use the entry of foreign multinationals as an opportunity to learn from these competitors by benchmarking their operations and performance against them An order written by an exporter instructing an importer to pay a specified amount of a money at a specified time is known as a letter of credit An offset occurs when a direct exchange of goods or services between two parties is used to avoid a cash transaction_ Global learning involves the flow of skills and product offerings from foreign subsidiaries to home countries and from one foreign subsidiary to another foreign subsidiary_ According to Theodore Levitt, the multinational corporation operates in a number of countries and adjusts its products and practices to each - at relatively high costs_ Manufactures inside a country, outside a country or using an import agent can use wholesalers, retail distributors or go directly to the end customer as a distribution strategy Expatriate managers are people who move internally within a home country's geographies to fulfill managerial and leader level roles