Suppose that you are a manager at a British firm, and you are responsible for managing exchange

Question:

Suppose that you are a manager at a British firm, and you are responsible for managing exposure. Determine whether the following statements are related to accounting exposure, operating exposure, or contractual exposure.
1. Your German subsidiary has recently made new investments.
2. You bought a call option on eur to hedge an eur accounts payable.
3. You have just sold goods to an American customer. The customer has ninety days to pay in usd.
4. You have just developed an exciting new product. The success of this product depends on how it is priced in the local currencies of your export markets.
5. You have made a bid to deliver your exciting new product to schools in France during the next academic year. You will learn whether or not the bid has been accepted in three months.
6. You sell wool but face potential competition from Australia. If there are no imports, the price of your wool will be gbp 1. However, Australians enter your market once the falls below gbp/aud 2.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...