There have been few good studies on the use of local currency versus parent currency in establishing budgets. However, the Appleyard study of a small sample of British firms found that
A) most firms set their budgets in local currency.
B) most firms set their budgets in sterling.
C) most firms set their budgets in both sterling and the local currency.
D) most firms set their budgets in the local currency, although all of them saw the final results in sterling.

Question

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The Answer of There have been few good studies on the use of local currency versus parent currency in establishing budgets. However, the Appleyard study of a small sample of British firms found that
A) most firms set their budgets in local currency.
B) most firms set their budgets in sterling.
C) most firms set their budgets in both sterling and the local currency.
D) most firms set their budgets in the local currency, although all of them saw the final results in sterling.

There Have Been Few Good Studies on the Use of Local