Between 1988 and 1990 three $150 million amusement parks opened in France. By 1991 two of them were bankrupt and the third was doing poorly. Despite this, the Walt Disney Company went ahead with a plan to open Europe’s first Disneyland in 1992. Far from being concerned about the theme park doing well, Disney executives were worried that Euro Disneyland would be too small to handle the giant crowds. The $4.4 billion project was to be located on 5,000 acres in Seine-et-Marne 20 miles east of Paris. And the city seemed to be an excellent location; there were 17 million people within a two-hour drive of Euro Disneyland, 41 million within a four-hour drive, and 109 million within six hours of the park. This included people from seven countries: France, Switzerland, Germany, Luxembourg, the Netherlands, Belgium, and Britain. Disney officials were optimistic about the project. Their US parks, Disneyland and Disneyworld, were extremely successful, and Tokyo Disneyland was so popular that on some days it could not accommodate the large number of visitors. Simply put, the company was making a great deal of money from its parks. However, the Tokyo park was franchised to others—and Disney management felt that it had given up too much profit with this arrangement. This would not be the case at Euro Disneyland. The company’s share of the venture was to be 49 per cent for which it would put up $160 million. Other investors put in $1.2 billion, the French government provided a low-interest $900 million loan, banks loaned the business $1.6 billion, and the remaining $400 million was to come from special partnerships formed to buy properties and to lease them back. For its investment and management of the operation, the Walt Disney Company was to receive 10 per cent of Euro Disney’s admission fees, 5 per cent of food and merchandise revenues, and 49 per cent of all profits. The location of the amusement park was thoroughly researched. The number of people who could be attracted to various locations throughout Europe and the amount of money they were likely to spend during a visit to the park were carefully calculated. In the end, France and Spain had proved to offer the best locations. Both countries were well aware of the park’s capability for creating jobs and stimulating their economy. As a result, each actively wooed the company. In addition to offering a central location in the heart of Europe, France was prepared to provide considerable financial incentives. Among other things, the French government promised to build a train line to connect the amusement park to the European train system. Thus, after carefully comparing the advantages offered by both countries, France was chosen as the site for the park. At first things appeared to be off to a roaring start. Unfortunately, by the time the park was ready to open, a number of problems had developed, and some of these had a very dampening effect on early operations. One was the concern of some French people that Euro Disney was nothing more than a transplanting of Disneyland into Europe. In their view the park did not fit into the local culture, and some of the French press accused Disney of “cultural imperialism.” Others objected to the fact that the French government, as promised in the contract, had expropriated the necessary land and sold it without profit to the Euro Disneyland development people. Signs reading “Don’t gnaw away our national wealth” and “Disney go home” began appearing along roadways. These negative feelings may well have accounted for the fact that on opening day only 50,000 visitors showed up, in contrast to the 500,000 that were expected. Soon thereafter, operations at the park came under criticism from both visitors and employees. Many visitors were upset about the high prices. In the case of British tourists, for example, because of the Franc exchange rate, it was cheaper for them to go to Florida than to Euro Disney. In the case of employees, many of them objected to the pay rates and the working conditions. They also raised concerns about a variety of company policies ranging from personal grooming to having to speak English in meetings, even if most people in attendance spoke French. Within the first month 3,000 employees quit. Some of the other operating problems were a result of Disney’s previous experiences. In the United States, for example, liquor was not sold outside of the hotels or specific areas. The general park was kept alcohol free, including the restaurants, in order to maintain a family atmosphere. In Japan, this policy was accepted and worked very well. However, Europeans were used to having outings with alcoholic beverages. As a result of these types of problems, Euro Disney soon ran into financial problems. In 1994, after three years of heavy losses, the operation was in such bad shape that some people were predicting that the park would close. However, a variety of developments saved the operation. For one thing, a major investor purchased 24.6 per cent (reducing Disney’s share to 39 per cent) of the company, injecting $500 million of much needed cash. Additionally, Disney waived its royalty fees and worked out a new loan repayment plan with the banks, and new shares were issued. These measures allowed Euro Disney to buy time while it restructured its marketing and general policies to fit the European market. In October 1994, Euro Disney officially changed its name to “Disneyland Paris.” This made the park more French and permitted it to capitalize on the romanticism that the word “Paris” conveys. Most importantly, the new name allowed for a new beginning, disassociating the park from the failure of Euro Disney. This was accompanied with measures designed to remedy past failures. The park changed its most offensive labor rules, reduced prices, and began being more culturally conscious. Among other things, alcohol beverages were now allowed to be served just about anywhere. The company also began making the park more appealing to local visitors by giving it a “European” focus. Ninety-two per cent of the park’s visitors are from eight nearby European countries. Disney Tomorrowland, with its dated images of the space age, was jettisoned entirely and replaced by a gleaming brass and wood complex called Discovery land, which was based on themes of Jules Verne and Leonardo da Vinci. In Disneyland food services were designed to reflect the fable’s country of origin: Pinocchio’s facility served German food, Cinderella’s had French offerings, and at Bella Notte’s the cuisine was Italian. The company also shot a 360-degree movie about French culture and showed it in the “Visionarium” exhibit. These changes were designed to draw more visitors, and they seemed to have worked. Disneyland Paris reported a slight profit in 1996, and the park continued to make a modest profit through to the early 2000s. In 2002 and 2003, the company was once again making losses, and new deals had to be worked out with creditors. This time, however, it wasn’t insensitivity to local customs but a slump in the travel and tourism industry, strikes and stoppages in France, and an economic downturn in many of the surrounding markets.

1. What is Walt Disney Company shown as multinational enterprises (MNE) characteristics?
2. Disney instead of licensing some other firm to build and operate the park and settling for a royalty, it takes wholly ownership strategy in the firm, why?
3. Are Walt Disney and Euro Disney indicate the same strategy of MNE?
4. Before going ahead with Euro Disney, was there an external environmental analysis from Disney? Clarify.
5. total answer must be 800 words

Convenient Food Markets (CFM) is a chain of more than 100 convenience stores. The company has faced increasing competition over the past several years, mainly because department store chains have been adding grocery departments and gas stations have been adding full-service convenience stores to their locations. As a consequence, the company has lost market share recently to competitors. The company has set a target minimum rate of return for its stores of 22%.

John Nicholson is the district manager of the 17 CFM stores in Bailingham. Nicholson’s district happens to include the original store, the first in the CFM chain, which opened more than 40 years ago. In fact, Nicholson’s first summer job was as a stock boy at the original store in the year that it opened. After university, he returned to CFM as a store manager, has worked his way up to district manager, and plans to retire in about five years.

CFM leases store buildings, investing significantly in the interior design, display, and decoration. The original CFM store remains profitable, in part because the fixtures and fittings are almost fully depreciated. While the company has invested in significant leasehold improvements in other newer stores, little has changed in the original store since opening day. While Nicholson has a sense of nostalgia for the original store, in reality, sales volumes have been falling and foot traffic has declined significantly in recent years. Fewer people are moving to the neighbourhood, as more and more people are moving to the suburbs.

All 17 stores in the district report to Nicholson, who is evaluated on the basis of average ROI for the stores in his district. For this calculation, the net book value of investment in furnishings and fixtures Page 504represents the operating assets of each of the stores. Operating income after depreciation on leasehold improvements represents the numerator for this calculation.

Nicholson is considering a proposal from a developer to open a new store in a newly developed residential neighbourhood. The developer has completed about 60% of the new homes planned for this neighbourhood and will complete the other 40% within the next 18 months. Due to limited capital to invest, Nicholson realizes that opening the new store would mean closing down an old store, and the original store seems to be the best candidate. To aid in his decision, Nicholson has collected the following information:

Required:

1.Calculate the ROI and residual income for both the original store and the new store.

2.Take on the role of an internal auditor at CFM. Assume that your task is to evaluate the effectiveness of the performance evaluation system for CFM district managers. In this capacity, write a short memo to the CFO of CFM to discuss your findings. In the memo, you should indicate whether you believe Nicholson will want to open thenew store, whether your analysis indicates that Nicholson should open the new store, and why or why not. You should also include your observations about the effect of the performance evaluation system on the decisions made by CFM district managers and what might be done to improve it.

Convenient Food Markets (CFM) is a chain of more than 100 convenience stores. The company has faced increasing competition over the past several years, mainly because department store chains have been adding grocery departments and gas stations have been adding full-service convenience stores to their locations. As a consequence, the company has lost market share recently to competitors. The company has set a target minimum rate of return for its stores of 22%.

John Nicholson is the district manager of the 17 CFM stores in Bailingham. Nicholson’s district happens to include the original store, the first in the CFM chain, which opened more than 40 years ago. In fact, Nicholson’s first summer job was as a stock boy at the original store in the year that it opened. After university, he returned to CFM as a store manager, has worked his way up to district manager, and plans to retire in about five years.

CFM leases store buildings, investing significantly in the interior design, display, and decoration. The original CFM store remains profitable, in part because the fixtures and fittings are almost fully depreciated. While the company has invested in significant leasehold improvements in other newer stores, little has changed in the original store since opening day. While Nicholson has a sense of nostalgia for the original store, in reality, sales volumes have been falling and foot traffic has declined significantly in recent years. Fewer people are moving to the neighbourhood, as more and more people are moving to the suburbs.

All 17 stores in the district report to Nicholson, who is evaluated on the basis of average ROI for the stores in his district. For this calculation, the net book value of investment in furnishings and fixtures Page 504represents the operating assets of each of the stores. Operating income after depreciation on leasehold improvements represents the numerator for this calculation.

Nicholson is considering a proposal from a developer to open a new store in a newly developed residential neighbourhood. The developer has completed about 60% of the new homes planned for this neighbourhood and will complete the other 40% within the next 18 months. Due to limited capital to invest, Nicholson realizes that opening the new store would mean closing down an old store, and the original store seems to be the best candidate. To aid in his decision, Nicholson has collected the following information:

Required:

1.Calculate the ROI and residual income for both the original store and the new store.

2. Take on the role of an internal auditor at CFM. Assume that your task is to evaluate the effectiveness of the performance evaluation system for CFM district managers. In this capacity, write a short memo to the CFO of CFM to discuss your findings. In the memo, you should indicate whether you believe Nicholson will want to open the new store, whether your analysis indicates that Nicholson should open the new store, and why or why not. You should also include your observations about the effect of the performance evaluation system on the decisions made by CFM district managers and what might be done to improve it.

Identify 10 APA errors in this written document.

Behavior Modification: An Alternative to Drug Therapy in Treating Hyperactive Children ABSTRACT
The purpose of this study is to determine whether application of behavior modification methods can be an effective and safe alternative to amphetamine therapy in the treatment of hyperactive school children. Sixty elementary age school children who were identified as hyperactive were randomly assigned to one of three treatment groups. It was concluded that additional research is needed to determine the generalize ability of the findings to larger groups and to non-special education classes.

In recent years, the use of amphetamines in treating hperactive children, has caused much controversy and concern. According to some researchers, an estimated 400,000 hyperactive school children are presently being treated with these drugs. Much of the public’s concern has to do with the way in which children are diagnosed. Many children, for example, are being treated with amphetamines solely on the recommendations of school authoritys. Despite the fact that many teachers mistake the normal restlessness of childhood for hyperkinesis. Anohter cause for concern stems from a lack of follow-up studies on the long-term affects of amphetamines.

As an alternative to drug therapy, researchers have begun to focus on behavior modification techniques that are believed to be more safer and more effective over time (Strong, 1974). Strong (1974) conducted a two-year study with an autistic boy and found thast positive reinforcement was significantly more effective than drug therapy in reducing facial grimacing. In another study, this same researcher found token reinforcement to be more effective then medication in increasing adaptive behavior in retarded women.

Behavior modification techniques have also been studied in classroom settings. Smith (1969), for example, was able to reduce ina ppropriate classroom behavior of a ten-year old hyperactive girl by using these techniques. In another study, Nixon (1969) tested the effects of behavior modification in increasing the “on-task performance” of 24 boys who had been diagnosed as hyperactive by there teachers. In the Nixon (1969) study, their was four treatment groups which consisted of various reinforcement techniques and control. Results of a one-way analysis of variance indicated no significant differences between the groups. Although it was reported that some
of the children in each gorup made great improvement in staying on task in learning situations. The Nixon study, however, contained possible sources of error: (1) treatment groups only contained 6 subjects each; (2) there were only 8 treatment sessions;
(3) no instruments were used to evaluate children’s performance; and (4) the children knew they were participating in a study.Widespread use of amphetamines in treating hyperactive children may be a dangerous practice. Moreover, behavior modification techniques have shown to be just as effective in reducing hperactive behavior in children in certain settings.
The sample group for this study will be selected from the population of North Side Educational Center for behaviorally disturbed, elementary-age children. Those children who were diagnosed as “hyperactive” or “hyperkinetic” by the school’s psychologist were cosnidered the population. The stratified random sampling method is to be used to insure that children ages 6 through 12 were represented in the study.

Question 1

The American Pet Products Association conducted a survey in 2011 and determined that 60% of dog owners have only one dog, 28% have two dogs, and 12% have three or more. Supposing that you have decided to conduct your own survey and have collected the data below, determine whether your data supports the results of the APPA study. Use a significance level of 0.05.

Data: Out of 119 dog owners, 70 had one dog and 30 had two dogs.

What is the p-value when testing whether your data supports the results of the APPA study? (note: The question asked has been updated)

Question 1 options:

Question 2

A survey of 325 middle school students from a city school district asks, among other things, for students’ gender, whether they prefer cats or dogs, and whether they prefer basketball or football. With these data, we can investigate whether, in this city, girls prefer cats over dogs, whether gender matters in terms of favorite sport, and whether there is a relationship between favorite pet and favorite sport.

Here are part of the data:

Suppose that you plan to use a chi-square test for determining whether there is any gender gap in the preference of certain pets (cats/dogs).

What is the p-value?

Question 2 options:

Question 3

Suppose we have survey data for 1,000 randomly selected local pet owners. We wish to determine if the population proportion of local ferret owners is different from the national average of 6.5%. Out of the 1000 selected pet owners, 85 are ferret owners.

Test whether there is a significant difference between the local ferret rate and the national average.

The p-value is

Question 3 options:

Question 4

Suppose we have survey data for 1,000 randomly selected local pet owners. We wish to determine if the population proportion of local ferret owners is different from the national average of 6.5%. Out of the 1000 selected pet owners, 85 are ferret owners.

Give a 95% confidence interval for the proportion of local ferret owners.

Question 4 options:

Question 5

A high school math teacher believes that male and female students who graduated from the school perform equally well on SAT math test. She randomly chooses 10 male students and 10 female students who graduated from this school. The following are the SAT math scores of the 20 students:

Male: 23, 30, 27, 29, 22, 34, 36, 28, 28, 31
Female: 22, 33, 30, 28, 28, 31, 34, 25, 29, 21

Test the teacher's claim.

What is the p-value?

Question 5 options:

Case Study- Read the case study scenario, answer the questions below, and explain the rationale for your answer.

Glenna, age 38, lost leg function during a motor vehicle accident at age 16. She plays basketball at the community center and teaches aerobic classes for wheelchair-bound people three times a week. She manages a medical equipment rental business since her husband died. Business is not profitable. A physician’s referral was made to the public health department for a developmental assessment.

A nurse heard angry shouting as she stepped toward the porch of the tiny house with peeling paint. The nurse stepped over a broken tread and knocked on the weather-stained door at the end of a ramp. Suddenly a large man burst through the doorway tugging on a T-shirt and muttering. The nurse glanced past the fleeing man. Three children, ages 18 months, 4 years, and 6 years old, knelt on linoleum worn through to the wood. The TV blared a cartoon. No one heard her knock as the children stared at their mother who was crying and holding her cheek. The nurse knocked a second time on the open door and introduced herself. The woman wheeled around to face the other way.

“We are busy. Please come back later,” the woman spoke over her shoulder.

“Pick up the blocks, Chica. Make sure the back door is locked, Stephano and please make a peanut butter and jelly sandwich for your brother and sister.

Not now, Jon. She tells the youngest child, who is banging a block on her wheel.”

The nurse replies, “I can make another appointment, but it will only take a few minutes to assess Jonathan now that I am here. Your physician said you are concerned about his development. If you could answer a few questions I feel sure we can help you. I can help make the sandwiches while we talk.” The nurse’s scan of the living room located a stained spoon and knife near a broken mirror on the coffee table along with a towel, toys, and a magazine. Chica’s hair was uncombed. The boys’ hair hung to his shoulders and looked unwashed.

The mother pulled her robe together over her chest and folded her arms. “You can’t help. Jon is normal but different. You will ask a 100 questions, insult me, and then say there is nothing you can do, just like the doctor did. He made us wait 45 minutes and then says he is going to call someone else. We don’t need that kind of help. Jon is a smart boy with attention problems. I need to clean up. We don’t have time to talk right now.” She raised her voice. “Chica, pass me the cigarettes, will ya? Gracias.”

Jon continued banging his mother’s chair and vocalizing. The children stared at the nurse. Chica looked afraid. Stephano looked hopeful. His dirty pajamas ended well about the ankle.

Create a concept map using case scenarios as a guide. A conceptual map should include pathophysiology, medical diagnosis, signs and symptoms, and risk factors if any. Nursing diagnosis, nursing interventions, medical management (medication and procedures), expected outcomes.

Abe, a 14-year old boy who stoked a fire in a wood-burning stove and was hurt by a subsequent explosion. He was transported to the local burn ICU (BICU). He sustained an 82% total body surface area (TBSA) thermal burn. Abe’s burns included bilateral full-thickness circumferential burns to his legs and feet, arms, and hands, genitalia, and deep partial-thickness burn to his head and anterior trunk.

Before Abe’s arrival to the BICU, the medical team stabilized Abe by initiating cervical spine precautions, endotracheal intubating him, and providing fluid resuscitation and sedation and analgesia with I.V. propofol and morphine via two large-bore peripheral venous catheters.

Once Abe was admitted to the BICU, a right brachial arterial line was placed along with right internal jugular central venous catheter. Initial I.V. fluid resuscitation was calculated based on Abe’s weight of 79 lbs (36 kg), a urinary catheter was placed, and a tetanus injection was administered. The morphine drip was discontinued, an I.V. ketamine drip was started, and wound care began.

Upon reassessment, the nursing staff noted that Abe’s pedal and radial pulses were absent bilaterally, and emergent bilateral upper and lower escharotomies were performed. At this point of care, Abe’s clinical status was critical but stable.

After escharotomies were completed and Abe was stable, and enteral nasogastic tube was placed in the left nares and feedings began. Abe received standard wound dressing with silver sulfadiazine until his burn wounds were grafted (with the exception of his genital burns).

Abe experienced a slow recovery. Within 72 hours of his admission to the BICU, the first surgical excision and grafting onAbe’s hands, feet, head, and neck were completed. His anterior trunk also required surgical excision and grafting at this time. Nurses explained to Abe’s parents that further excisions and grafting procedures would be performed until all of Abe’s burn wounds were closed. The excisions and grafting on Abe’s arms and legs were completed over the next month. A conservative approach was employed to treat Abe’s genital burn. Initially, all obvious retained material (loose debridement) and contaminated remnants of Abe’s clothing were removed.

Next, the BICU nurses completed a prolonged cooling down procedure with water. During the duration of Abe’s admission, topical antibiotic ointments such as Mupirocin were impregnated into gauze and applied over the perineal area and changed every bowel movement. Scheduled as P.R.N. cleansing as accomplished using 4% chlorhexidine skin wash.

This approach led to the successful healing of Abe’s genital burns. Abe was weaned from the ventilator on the third attempt during his second week in the BICU, and solid foods were introduced gradually.

(1) You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000 for 15 years after retirement. During the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money.
What annual contributions to the retirement fund will allow you to receive the $13,000 annuity? Use Appendix C and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

Annual contribution=

(2) Mr. Dow bought 100 shares of stock at $17 per share. Three years later, he sold the stock for $23 per share. What is his annual rate of return? Use Appendix B for an approximate answer, but calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

Annual rate of return % =

(3) Franklin Templeton has just invested $9,760 for his son (age one). This money will be used for his son’s education 19 years from now. He calculates that he will need $35,235 by the time the boy goes to school.
What rate of return will Mr. Templeton need in order to achieve this goal? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Rate of Return% =

(4) Juan Garza invested $103,000 5 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value =

(5) Jack Hammer invests in a stock that will pay dividends of $3.15 at the end of the first year; $3.60 at the end of the second year; and $4.05 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $65.What is the present value of all future benefits if a discount rate of 8 percent is applied? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Dividend Present Value

$3.15

3.60

4.05

65.00

Total

(6) Rita Gonzales won the $44 million lottery. She is to receive $2 million a year for the next 17 years plus an additional lump sum payment of $10 million after 17 years. The discount rate is 9 percent.
What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value =  

Suppose that you are part of the Management team at Porsche. Suppose that it is the end of December 2019 and a novel coronavirus that causes a respiratory illness was identified in wuhan city, China.

You (as part of the management team) are reviewing Porsche’s hedging strategy for the cash flows it expects to obtain from vehicle sales in North America during the calendar year 2020. Assume that Porsche’s management entertains three scenarios:

Scenario 1 (Expected): The expected volume of North American sales in 2020 is 35,000 vehicles. Scenario 2 (Pandemic): The low-sales scenario is 50% lower than the expected sales volume. Scenario 3 (High Growth): The high-sales scenario is 20% higher than the expected sales volume.

Assume, in each scenario, that the average sales price per vehicle is $85,000 and that all sales are realised at the end of December 2020. All variable costs incurred by producing an additional vehicle to be sold in North America in 2020 are billed in euros (€) and amount to €55,000 per vehicle. Shipping an additional vehicle to be sold in North America in 2020 are billed in € and amount to €3,000 per vehicle.

The current spot exchange rate is (bid-ask) $1.11/€ - $1.12/€ and forward bid-ask is $1.18/€ - $1.185/€. The option premium is 2.5% of US$ strike price, and option strike price is $1.085/€. Your finance team made the following forecasts about the exchange rates at the end of December 2020:

• bid-ask will be $1.45/€ - $1.465/€ if the investors (and speculators) consider the euro (€) a safe haven currency during the pandemic.

• bid-ask will be $0.88/€-$0.90/€ if the investors (and speculators) consider the U.S. dollar ($) a safe haven currency during the pandemic

1. You decided not to hedge Porsche’s currency exposure. Assuming that the expected final sales volume is 35,000, what are your total costs
   a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€? Let’s call this the baseline scenario.

   b) if the investors consider the euro a safe haven currency during the pandemic? How does this compare to the baseline case?
   c) if the investors consider the U.S. dollar a safe haven currency during the pandemic? How does this compare to the baseline case?

2. Assume that you and the Porsche’s management team decided to hedge using forward contracts. Assume that the expected final sales volume is 35,000. What are your total benefit/cost and the percentage benefit/cost from hedging (compared to no hedging)
   a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€?

   b) if the investors consider the U.S. dollar a safe haven currency during the pandemic?

3. As the CFO, you decided to hedge using option contracts. Assuming expected final sales volume is 35,000, what are your total benefit/cost and the percentage benefit/cost from hedging (compared to no hedging)
   a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€?

   b) if the investors consider the U.S. dollar a safe haven currency during the pandemic?

4. Assume that the Scenario 2 (Pandemic) took place in 2020 and the euro became a safe haven currency during the pandemic. What are your euro cash flows if you did not hedge, hedged using forward contracts, and hedged using option contracts?

5. Assume that the Scenario 2 (Pandemic) took place in 2020 and the U.S. dollar became a safe haven currency during the pandemic. What are your euro cash flows if you did not hedge, hedged using forward contracts, and hedged using option contracts?

6. Based on the calculations in Part B, do you believe that it is a good policy to hedge Porsche’s currency exposure? Why?

QUESTION 1

1. A multilingual individual with extensive atrophy is still able to perform within normal limits on most measures of cognitive ability. This is an example of

   		Brain reserve
   		Cognitive reserve
   		Inhibition Deficit
   		Transmission Deficit

2 points   

QUESTION 2

1. 80-year-old female presents with a brain 19% smaller than when she was 40 and a reduction in dendritic/synaptic spines. Is this an example of Healthy Aging?  

   Yes

   No

2 points   

QUESTION 3

1. Many of the linguistic changes associated with healthy aging can be attributed to a reduction in:

   		Episodic memory
   		Semantic memory
   		Working memory
   		Procedural Memory

2 points   

QUESTION 4

1. 120-year-old female presents with declining scores on sustained attention and recalling new information. Yet she walks 10 miles a day and is a lifelong vegetarian. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 5

1. 65-year-old female presents with a decline in coherence scores, as well as a reduction in syntactic complexity. Semantic memory did not demonstrate any decline. fMRI demonstrated a shift from utilizing episodic memory to using more semantic memory. On measures of working memory with distractors, the individual was able to remember 3 items. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 6

1. 90-year-old man presents with attention, memory, working memory, and executive function scores within normal limits. He also scores within normal limits on measures of receptive and expressive language. However, his discourse samples do show a small reduction in the number of vocabulary items produced. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 7

1. A 40-year-old man presents with a decline in divided/alternating attention and executive function. An MRI reveals his brain as shrunk by 5% within the last decade. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 8

1. A theory of aging where the main physiological mechanism focuses on the deterioration of the myelin sheath that covers neuronal axons?

   		Slowed Processing
   		Transmission Deficit
   		Inhibition Deficit
   		Region-Specific Hypothesis

2 points   

QUESTION 9

1. Chronological age is tied to biological age?

   True

   False

1 points   

QUESTION 10

1. A 60-year-old female presents with a decline in divided/alternating attention and executive function, especially inhibition. The individual also presents with no decline in language production, but there is a moderate decline in comprehension. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 11

1. A 65-year-old female presents with cognitive scores within normal limits for attention, memory, working memory, and executive function. She hasn't noticed a change in her language production or comprehension. She claims to read everyday. An MRI revealed several tiny infarcts across the cortex. Is this an example of healthy aging?

   Yes

   No

2 points   

QUESTION 12

1. 75-year-old female presents with declining scores in the recall of novel word lists but scores within normal limits on measures of semantic memory. Measures of attention and executive function show no decline. However, her working memory capacity is reduced to 1 item with distractors and 4 items without distractors. She is able to perform her activities of daily living independently.  

   Yes

   No

2 points   

QUESTION 13

1. Theory of aging that focuses on the atrophy of brain regions, especially the frontal cortex.

   		Slowed Processing
   		Transmission Deficit
   		Inhibition Deficit
   		Region-Specific Hypothesis