BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Because of globalization in the world’s markets, a multinational financial manager is more likely than a domestic financial manager to specialize in finance to the exclusion of other fields of business.
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True
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False
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Explanation:
Detailed explanation-1: -Banking Regulations The domestic financial management have to deal with banking rules and regulations of domestic country. There is more familiarity with banking rules and regulations The international financial management have to deal and follow the banking regulations of different countries.
Detailed explanation-2: -Multinational finance is multidisciplinary in nature, while an understanding of economic theories and principles is necessary to estimate and model financial decisions, financial accounting and management accounting help in decision making in financial management at multinational level.
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