OverviewWrite a 250–500 word analysis in which you examine the issue of currency exchange and the risks associated with changes in the exchange rate.Fluctuations in currency exchange rates can have significant effects on business costs, asset values, and profitability. Therefore, it is important for managers to be familiar with exchange rates and currency considerations and to understand the risks involved in currency exchange.ContextGiven the very wide range of complex topics associated with globalization, the issue of monetary systems might seem small. However, as is readily apparent, it can have a dramatic impact on a company's operational and financial success, and thus is actually a vital topic.Consider a U.S. business manager involved with a supplier in Argentina. At present, the inflation rate in the United States is relatively low, while the inflation rate (at least the unofficial and more widely accepted rate) is fairly high. If the U.S. business manager negotiates a contract to purchase products from Argentina in pesos (at prevailing prices in Argentina), the U.S. business will likely be impacted by inflation, since the price paid for the products would increase faster than in the United States. By contrast, if the U.S. business manager negotiates contracts to be paid in U.S. dollars (at prevailing prices in the United States), the U.S. business might be more insulated from Argentina's inflation. However, the supplier in Argentina might perceive that as unfair, since they could potentially sell their product within Argentina at prices increasing more rapidly.As a more extreme example, also using Argentina to illustrate the point, Argentina for many years had their peso tied 1:1 to the U.S. dollar. That turned out to be unsustainable (contributing to a financial crisis in Argentina in 2001), and Argentina had to abruptly remove that tie and let the peso float on the international market. That abrupt change caused massive issues for businesses located within Argentina, as well as for foreign companies doing business in Argentina. As an example, depending on how various contracts were set up, some businesses faced an overnight quadrupling of prices.ResourcesSuggested ResourcesThe following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.Library ResourcesThe following e-books or articles from the University Library are linked directly in this course:Adekola, A., & Sergi, B. S. (2007). Global business management: A cross-cultural perspective. Abingdon, Oxon, GBR: Ashgate Publishing Group.Internet ResourcesAccess the following resources by clicking the links provided. Please note that URLs change frequently. Permissions for the following links have been either granted or deemed appropriate for educational use at the time of course publication.Michigan State University. (2020). globalEDGE: Global resource directory. https://globaledge.msu.edu/global-resourcesTextbook ResourcesHill, C. W. L., & Hult, G. T. M. (2020). Global business today (11th ed.). New York, NY: McGraw-Hill.Assessment InstructionsComplete the following:Examine the concept of the exchange rate between the Japanese yen and the U.S. dollar. Choose a Japanese company, such as Toyota, Canon, or Mitsubishi, and identify a strategy that the company might consider to reduce its currency exchange risk associated with Japanese and U.S. currencies.Write an analysis in which you include the following:Identify the exchange rate of the Japanese yen and the U.S. dollar.Discuss the resulting value of selling goods in the United States exported from Japan.Explain how weekly changes in the exchange rate would affect profitability for exports from Japan to the United States.Identify risks related to changes in the exchange rate from a management perspective.Support your analysis with references from the University Library, globalEDGE, or other Internet sources.Additional RequirementsUse the following guidelines when writing your analysis:Length: 250–500 words.Writing: Your analysis should be free of grammar and spelling errors, demonstrating strong written communication skills.Format and References: Use proper APA-formatted references and in-text citations when identifying your sources.Currency Exchange Risks Scoring GuideCRITERIADISTINGUISHEDAnalyze the exchange-rate-based value of selling goods in the United States exported from another country.Analyzes the exchange-rate-based value of selling goods in the United States exported from another country. Determines the value of the U.S. dollar against the currency of another country to illustrate the value using the U.S. selling price of imported goods.Explain how changes in the exchange rate would affect profitability for exports from another country to the United States.Explains how changes in the exchange rate would affect profitability for exports from another country to the United States, citing specific examples.Identify risks related to changes in the exchange rate from a management perspective.Identifies risks related to changes in the exchange rate from a management perspective, citing specific examples of financial consequences.

Reference Case Study 9-51 in the textbook.Baker, CPA, was engaged to audit Mill Company’s financial statements for the year ended December 31, 200X. After obtaining an understanding of Mill’s internal control, Baker decided to obtain audit evidence about the effectiveness of both the design and operation of the controls that may support a low assessed level of control risk concerning Mill’s shipping and billing functions. During the prior years’ audits, Baker had used nonstatistical sampling, but for the current year Baker decided to use a statistical sample in the tests of controls to eliminate the need for judgment.Baker wanted to assess control risk at a low level, so a tolerable rate of deviation of 20 percent was established. To estimate the population deviation rate and the achieved upper deviation rate, Baker decided to apply the discovery sampling method with an expected population deviation rate of 3 percent for the 8,000 shipping documents, and he decided to defer consideration of the risk of assessing control risk too low until the sample results had been evaluated. Baker used the tolerable rate, the population size, and the expected population deviation rate to determine that a sample size of 80 would be sufficient. When it was subsequently determined that the actual population was about 10,000 shipping documents, Baker increased the sample size to 100.Baker’s objective was to ascertain whether Mill’s shipments had been properly billed. Baker took a sample of 100 invoices by selecting the first 25 invoices from the first month of each quarter. Baker then compared the invoices to the corresponding prenumbered shipping documents.When Baker tested the sample, eight deviations were discovered. Additionally, one shipment that should have been billed at $10,443 was actually billed at $10,434. Baker considered this $9 to be immaterial and did not count it as a deviation.In evaluating the sample results, Baker made the initial determination that a reliability level of 95 percent (risk of assessing control risk too low of 5 percent) was desired and, using the appropriate statistical sampling table, determined that for eight observed deviations from a sample size of 100, the achieved upper deviation rate was 14 percent. Baker then calculated the allowance for sampling risk (5 percent), the difference between the actual sample deviation rate (8 percent), and the expected deviation rate (3 percent). Baker reasoned that the actual sample deviation rate (8 percent) plus the allowance for sampling risk (5 percent) was less than the achieved upper deviation rate (14 percent); therefore, the sample supported a low level of control risk.Required: Describe each incorrect assumption, statement, and inappropriate application of attributes sampling in Baker’s procedures.Your paper should be 3-4 pages in length. Follow APA format. Include a title page and reference page. Use two outside academic sources other than the textbook, course materials, or other information provided as part of the course materials.

In this project, you will select an organization or a segment of an organization, and interview key employees in order to gather information concerning the organization’s critical success factors (CSFs). Be sure to inform your interviewees that any proprietary information included in this project will be kept confidential. You will then develop a SWOT analysis to clarify and aid in the identification of the organization’s/segment’s CSFs. The written project requires you to prepare and submit the following in order: 1.  Brief description of the organization/segment (1 paragraph) 2.  SWOT analysis in chart form containing the following 4 categories: Strengths, Weaknesses, Opportunities, and Threats. Each item must be clearly and concisely stated. 3.  Balanced Scorecard in chart form. Clearly and concisely list CSFs in each of the 4 categories identified in the text. For each CSF, explain in a separate column how the measurement of the CSF will transpire. 4.  A discussion of the CSFs chosen for the organization/segment – Why were these particular factors selected? Why are they important in accessing the success of the company? (2–3 pages) 5.  An evaluation of the organization/segment to determine if it is achieving each of the CSFs. Analyze each CSF and use data from the measures indicated in the Balanced Scorecard as support for the conclusions. (2–3 pages) Note :select any organization and  class book needs to be use as one of the reference