According to a Survey by Bank of America, the Type

question 17

Multiple Choice

According to a survey by Bank of America, the type of foreign exchange risk most often hedged by firms is:

• A) translation exposure.
• B) transaction exposure.
• C) contingent exposure.
• D) economic exposure.

---

Definitions:

Organizational Climate

The general atmosphere, culture, and morale felt by employees and the prevailing attitudes towards work and the company.

Synergistic Effect

The phenomenon where the combined effect of collaborating elements is greater than the sum of their individual effects.

Creativity

The ability to generate innovative ideas and solutions by thinking outside the conventional boundaries.

Innovation

The process of introducing new ideas, devices, or methods to improve goods, services, or processes.