ANSWER THE FOLLOWING QUESTIONS IN YOUR OWN WORDS
Q1.Discuss the major purposes of the foreign exchange market.
Identify and discuss three major functions of the foreign exchange market
Q2. Discuss the difference between outsourcing and global sourcing., What are the advantages and disadvantages of outsourcing?
Q3. Discuss the key differences in operating a business in a global versus domestic environment from economic, political, cultural, and technological perspectives.
Q4. Discuss the advantages of going “global” through international supply chains, and how it helps domestic companies succeed.
Q5. Discuss why international accounting is important in today’s global economy. Describe the difference between the current-rate method and the temporal method regarding international accounting. In what condition would a company use the current-rate method? In what condition would a company use the temporal method?
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