The Translation Exposure to Exchange Rate Risk Is Best Described

The translation exposure to exchange rate risk is best described as:

A) The risk that a positive net present value (NPV) project could turn into a negative NPV project because of changes in the exchange rate between two countries.
B) The problems encountered by accountants of international firms who are trying to record balance sheet account values.
C) The fluctuation in prices faced by importers of foreign goods.
D) The variance in relative pay rates based on the currency utilized to pay an employee.
E) The variance in revenue between an exporter who utilizes forward rates and an equivalent exporter who does not.