| . | Exchange rate shifts that cause the Sing$ to be weaker versus the Brazilian real | |
| a. | make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to negative/favorable exchange rate cost adjustments. | |
| b. | make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to positive/unfavorable exchange rate cost adjustments. | |
| c. | make the export of footwear from Asia-Pacific plants to Latin America more competitive and give rise to negative/favorable exchange rate cost adjustments. | |
| d. | make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to negative/unfavorable exchange rate cost adjustments. | |
| e. | None of the above is accurate. | |
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