You are asked to choose an industry, and then within this industry a sample of $5$ U$.$S$.$ MNCs$$Each MNCs exposure to FX$-$risk, cultural risk and political risk will be assessed using the tools developed in the class. Groups are to provide a critical view of each firms exposure to risk and an analysis of each firms risk management practices as disclosed in the firms financial statements. Moreover, each group is to provide an assessment of firms risk management practices and make suggestions toward improvement, if necessary.$$The final report should be at least $5-10$ pages long and include:$1.$ A brief background on the industrys dynamics and characteristics$2.$ A detailed description of each firms financial characteristics$3.$ A detailed description of the structure of the firms foreign operations$4.$ An analysis of the extent of each firms exposure to risk emanating from its foreign operations$5.$ A discussion of the firms risk management practices as disclosed by the firms$6.$ A set of recommendations on how the firms could further improve their risk management practices$$MAKE SURE TO PROVIDE CITATIONS WHERE NECESSARY AND ADD A REFERENCE SECTION$$Description of the project$$Each MNCs exposure to risk from doing business overseas $($e$.$g$.,$ FX$-$risk, cultural risk and political risk, among others$)$ will be assessed using the tools developed in the class. Provide a critical view of each firms exposure to risk and an analysis of each firms risk management practices as disclosed in the firms financial statements. Moreover, to provide an assessment of the effectiveness of these firms risk management practices and make suggestions toward improvement, if necessary.$$DeliverablesThe analysis should be conducted in the following four parts:$$The final report should include:$1.$ A brief background on the industrys dynamics and characteristics$2.$ A description of each firms financial characteristics$3.$ A description of the structure of the firms foreign operations$4.$ An analysis of the extent of each firms exposure to risk emanating from its foreign operations$5.$ A discussion of the firms risk management practices as disclosed by the firms$6.$ A set of recommendations on how the firms could further improve their risk management practices