Why do most international businesses require all budgets and performance data within the firm to be expressed in the "corporate currency"? Multiple choice question. It allows subsidiaries to finalize the budget without having to seek approval from the headquarter management. It is unaffected by exchange rate changes during the year and prevents distortions. It is politically correct to measure performance in domestic currency It allows for easier comparison between subsidiaries in different countries

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The correct answer is b It is unaffected by exchange ra... View the full answer