Final answer:
The correct answer is d) Employee training programs. Exchange rate movements can impact an MNC's export prices, the cost of imported raw materials, and the competitiveness of products in foreign markets, but not employee training programs.
Step-by-step explanation:
The correct answer is d) Employee training programs. Employee training programs are not directly affected by exchange rate movements. Exchange rate movements can have an impact on various aspects of an MNC's operations, but employee training programs are not one of them.
Exchange rate movements can affect an MNC's export prices, as a stronger domestic currency can make the products more expensive in foreign markets.
Changes in the cost of imported raw materials can also be affected by exchange rate movements. If the domestic currency weakens, it can increase the cost of imported raw materials, as more domestic currency is required to purchase the same amount of foreign currency.
The competitiveness of products in foreign markets can be influenced by exchange rate movements as well. A stronger domestic currency can make the products more expensive compared to foreign competitors, potentially reducing sales in foreign markets.
Overall, exchange rate movements can have significant implications for an MNC's operations, but employee training programs do not fall within the scope of these effects.