answer the following SHORT ANSWER questions listed below related to Transaction, Translation, and Operating Exposure. do not use gpt please include refernce numbered to easch question,

$1.$ Distinguish between the three major foreign exchange exposures experienced by firms

$2.$ Identify foreign exchange transaction exposure $($at least $4$ examples$)$

$3.$ Analyze the pros and cons of hedging foreign exchange transaction exposure

$4.$ Identify the alternatives available to a firm to manage a large and significant transaction exposure and give an example for each

$5.$ Evaluate the institutional practices and concerns of conducting foreign exchange risk management.

$6.$ Examine how operating exposure arises through unexpected changes in both operating and financing cash flows

$7.$ Evaluate strategic alternatives to managing operating exposure

$8.$ Detail the proactive policies available to firms for managing operating exposure.

$9.$ Demonstrate how translation practices result in a foreign exchange exposure for the multinational enterprise.

$10.$ Explain the meaning behind the designation of a foreign subsidiary$$s functional

$11.$ Illustrate the theoretical and practical differences between the two primary methods of converting foreign currency denominated financial statements into the reporting currency of the parent company.

$12.$ Compare translation exposure with operating exposure

$13.$ Analyze the costs and benefits of managing translation exposure.