Multinational Financial Management 10th Edition 题库ch10

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1、Chapter10,MeasuringandManagingTranslationandTransactionExposureCHAPTER10MeasuringandManagingTranslationandTransactionExposureEASY(definitional)10.1___________acertaincurrencyexposuremeansestablishinganoffsettingcurrencypositionsothatthegainorlossfromtheexposureontheoriginalcurrencyisexactlyoffse

2、tbuythegainorlossfromthecurrencyhedge.a)Arbitragingb)Cross-hedgingc)Hedgingd)RiskshiftingAns:cSection:AlternativemeasuresofforeignexchangeexposureLevel:Easy10.2Hedgingcannotprovideprotectionagainst________exchangeratechanges.a)expectedb)nominalc)reald)peggedAns:aSection:Designingahedgingstrategy

3、Level:Easy10.3Thebasichedgingstrategyinvolvesa)reducinghardcurrencyassetsandsoftcurrencyliabilitiesb)increasinghardcurrencyliabilitiesandsoftcurrencyassetsc)reducingsoftcurrencyassetsandhardcurrencyliabilitiesd)convertingsoftcurrenciestohardcurrenciesandlendinghardcurrenciesAns:cSection:Designin

4、gahedgingstrategyLevel:Easy10.4Translationexposurereflectstheexposureofacompany'sa)foreignoperationstocurrencymovementsb)foreignsalestocurrencymovementsc)financialstatementstocurrencymovementsd)cashflowstocurrencymovementsAns:cSection:AlternativecurrencytranslationmethodsLevel:EasyChapter10,Meas

5、uringandManagingTranslationandTransactionExposure10.5Thetypeofexposurethatarisesfromtheneed,forpurposesofreportingandconsolidating,toconvertthefinancialstatementsofforeignoperationsfromthelocalcurrenciesinvolvedtothehomecurrencyisknownasa)translationexposureb)accountingexposurec)transactionexpos

6、ured)bothaandbAns:dSection:AlternativeCurrencyTranslationMethodsLevel:Easy10.6Thetypeofexposurethatmeasurestheextenttowhichcurrencyfluctuationscanalteracompany’sfutureoperatingcashflows,thatis,itsfuturerevenuesandcostsisknownasa)translationexposureb)accountingexposurec)transactionexposured)opera

7、tingexposureAns:dSection:AlternativeCurrencyTranslationMethodsLevel:Easy10.7Thecurrentstandardformeasuringtranslationexposureisa)thecurrent/noncurrentmethodb)themonetary/nonmonetarymethodc)FASB8d)FASB52Ans:dSection:Alternati