A Firm's Operating Exposure Is

A firm's operating exposure is

A) defined as the extent to which the firm's operating cash flows would be affected by the random changes in exchange rates.
B) determined by the structure of the markets in which the firm sources its inputs, such as labor and materials, and sells its products.
C) determined by the firm's ability to mitigate the effect of exchange rate changes by adjusting its markets, product mix, and sourcing.
D) all of the above