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 13.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 13 Translation Exposure 13.1 Overview of Translation Multiple Choice 1) Translation exposure may also be called ________ exposure. A) transaction B) operating C) accounting D) currency Answer: C Diff: 1 Topic: 13.1 Overview of Translation Skill: Recognition 2) ________ exposure is the potential for an increase or decrease in the parent companys net worth and reported net income caused by a change in exchange rates since the last transaction. A) Transaction B) Operating C) Currency D) Translation Answer: D Diff: 1 Topic: 13.1 Overview of Translation Skill: Recognition 3) Translation exposure measures A) changes in the value of outstanding financial obligations incurred prior to a change in exchange rates. B) the potential for an increase or decrease in the parent companys net worth and reported net income caused by a change in exchange rates since the last consolidation of international operations. C) an unexpected change in exchange rates impact on short run expected cash flows. D) none of the above Answer: B Diff: 2 Topic: 13.1 Overview of Translation Skill: Recognition 1 Copyright © 2010 Pearson Education, Inc.  4) According to your authors, the main purpose of translation is A) to prepare consolidated financial statements. B) to help management assess the performance of foreign subsidiaries. C) to act as an interpreter for managers without foreign language skills. D) none of the above Answer: A Diff: 1 Topic: 13.1 Overview of Translation Skill: Recognition 5) Historical exchange rates may be used for ________, while current exchange rates may be used for ________. A) fixed assets and current assets; income and expense items B) equity accounts and fixed assets; current assets and liabilities C) current assets and liabilities; equity acc