What type of firms tend to go with firm commitment underwriting? What type of firms tend to use best-efforts underwriting?

• Large, well-known firms; young and less-established firms

• Young and less-established firms; Large, well-known firms;

• Start-up firms; mature firms

• Firms with little connection to the capital markets; firms with strong connection to the capital markets

Why are U.S. firms with only domestic operations still facing foreign competition? Examples of some reasons include which of the following:

Multiple Choice

• Demand for U.S. products changes when competitors gain a exchange-rate-induced cost advantage and offer similar products

• U.S. suppliers may look elsewhere if they cannot compete with foreign suppliers who enjoy a favorable exchange rate situation

• U.S. multinational firms establish more foreign subsidiaries to compete with purely domestic firms

• Choice a and choice b only

• choice a and c only