Refer to Instruction 10.1. If CVT chooses NOT to hedge their euro payable, the amount they pay in six months will be:

Ice Culture Inc. of Ontario employs 50 people and exports around the world. It would be considered a ______________________

Fill in the blank(s) with the appropriate word(s).

The risks of being a first mover include each of the following except

A) the high cost of pioneering EC initiatives. B) the chance that a second wave of competitors will eliminate a first mover's lead through lower cost and innovation. C) the risk that the move will be too late. D) over the long run, first movers being substantially less profitable than followers.