Based on Coca$-$Cola $(2023)$ a$.$ Explain how the MNC is subject to transaction, economic and translation exposure. There will be penalty for copying and pasting information from the annual report.

b$.$ What are the techniques used by the MNC to hedge its transaction, economic and translation exposures. Illustrate using information and data $($including figures$)$ from the annual report where available and applicable. $($Note that the MNC may also use non$-$derivative methods to manage their exposure.$)$ Do not generalize.

c$.$ How were the MNC$\text{'}$s cash flows recently affected by exchange rate movements according to its annual report? $($Note$-$ cash flows would be affected by transaction and economic exposure$).$ Review the foreign currency transaction gains and losses and the foreign currency transaction unrealized gains and losses on the income statement, the equity account and the disclosures, for this information.

d$.$ How did the translation exposure affect the MNC$\text{'}$s consolidated earnings? To answer this question, kindly review the annual report particularly the translated gains and losses as well as the unrealized translation gains and losses.