国际金融（原书第12版） 教学课件 ppt 作者 大卫.艾特曼（David Eiteman）阿瑟.斯通西 chapter 12.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 12 Operating Exposure 12.1 Attributes of Operating Exposure Multiple Choice 1) Another name for operating exposure is ________ exposure. A) economic B) competitive C) strategic D) all of the above Answer: D Diff: 1 Topic: 12.1 Attributes of Operating Exposure Skill: Recognition 2) What type of international risk exposure measures the change in present value of a firm resulting from changes in future operating cash flows caused by any unexpected change in exchange rates? A) Transaction exposure. B) Accounting exposure. C) Operating exposure. D) Translation exposure. Answer: C Diff: 1 Topic: 12.1 Attributes of Operating Exposure Skill: Recognition 3) ________ cash flows arise from intracompany and intercompany receivables and payments while ________ cash flows are payments for the use of loans and equity. A) Financing; operating B) Operating; financing C) Operating; accounting D) Accounting; financing Answer: B Diff: 2 Topic: 12.1 Attributes of Operating Exposure Skill: Recognition 1 Copyright © 2010 Pearson Education, Inc.  4) Which of the following is NOT an example of a financial cash flow? A) Parent invested equity capital. B) Interest on intrafirm lending. C) Payment for goods and services. D) Intrafirm principal payments. Answer: C Diff: 2 Topic: 12.1 Attributes of Operating Exposure Skill: Recognition 5) Which of the following is NOT an example of an operating cash flow? A) Management fees and distributed overhead. B) Royalties and license fees. C) Rent and lease payments. D) Dividend paid to parent company. Answer: D Diff: 2 Topic: 12.1 Attributes of Operating Exposure Skill: Recognition 6) ________ exposure is far more important for the long-run health of a business than changes caused by ________ or ________ exposure.