a. Turnip plans a licensing deal in which it will sell technology to a firm in Germany for £3,000,000 ; the payment is invoiced in dollars, and this project has the same risk level as its existing businesses.
b. Turnip plans to acquire a large firm in Portugal that is riskier than its existing businesses.
c. Turnip plans to discontinue its relationship with a U.S. supplier so that can import a small amount of supplies (denominated in euros) at a lower cost from a Belgian supplier.
d. Turnip plans to export a small amount of materials to Ireland that are denominated in euros.