17, What following statements are correct? The objective of both operating and transaction exposure management is to anticipate and influence the effect of unexpected changes in exchange rates on a firm's future cash flows, rather than merely hoping for the best IILeading and lagging between independent firms requires the time preference of one firm to be imposed to the detriment of the other firm IlI. The goal of operating exposure analysis is to identify strategic operating techniques the firm might adopt to enhance value in the face of unanticipated exchange rate changes. Expected changes in foreign exchange rates should already be factored into anticipated operating results by management and investors. a) Ionly b) I and Il c) 1, Il and Ill d) Selected e) I, II, Ill and IV 18. The two basic methods for the translation of foreign subsidiary financial statements are the method and the method A) current rate; temporal B) temporal; proper timing C) current rate; future rate D) none of the above 19. Purely domestic firms will be at a disadvantage to MNEs in the event of market disequilibria because A) domestic firms lack comparative data from its own sources. B) international firms are already so large C) all of the domestic firm's raw materials are imported. D) None of the above; domestic firms are not at a disadvantage. E) need more information; need more informaton ur exercise the option e) not enough information to answer this question 24. Which one of the follou