Review Group Problems G11-1: Exchange Rate Effect on Industry and G11-2: Exchange Rate Effects on Your Firm, located at the end of Chapter 11 in Managerial Economics: A Problem Solving Approach. Select one problem that relates to you and your current position in the work environment. Complete your response in 750-1,000 words. Support your response with personal experiences or examples.Alternate Scenario: If you are in an industry that does not deal with any foreign exchange transactions, use the petroleum industry for this assignment. Imagine that you work for a domestic oil refinery, and answer either question G11-1 or G11-2. You do not work for an oil producer, but rather for a refinery, which turns crude oil into many different petroleum products, from jet fuel to gasoline, which are then sold to world markets. You have the option of purchasing crude oil from U.S. sources or from various foreign countries. You must purchase crude oil in order to make products that you can sell in the United States or in other countries.Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.Textbook1. Managerial Economics: A Problem Solving ApproachRead Chapter 11 in Managerial Economics: A Problem Solving Approach.http://gcumedia.com/digital-resources/cengage/2015/managerial-economics_ebook_4e.php

First, in your initial post, briefly share your thoughts on why you have joined us and what your short- and long-term goals are regarding financial management. Next, read Chapter 1 of your textbook and the article New Directions in Corporate Governance and Finance: Implications for Business Ethics Research, and in your initial post, address the following:How did the troublesome situations develop?Why have they so permeated the organization and business environment?What are the implications of these unfortunate ethical practices for the organization?What can be done to control and reduce these practices, and to ensure the organization is worry-free?Please read the article and answer these questions. The words should be in 2-3 pages in APA style.