1. What is net working capital? Why should it be con- sidered an investment that a firm must make to in- crease its future profitability?
2. What distinguishes international cash management from purely domestic cash management? In par- ticular, what constraints arise in the international environment?
3. Why is it important for a foreign affiliate to have a well-defined dividend policy for repatriating profits to its parent corporation?
4. What is the difference between a royalty and a fee?
5. What are the determinants of leading and lagging payments between related international affiliates?
6. What principles determine the appropriateness of transfer prices under U.S. regulations?
7. How can transfer pricing be used to shift income around the world?