Duke University/CFO Magazine
Business Outlook Survey
Summer 2005
No individual firms are identified and only aggregate data are made public. Please respond by Sunday, August 28. If you have any questions about this survey, please contact us.

1. Are you more or less optimistic about your regional economy compared to last quarter?
More optimistic
Less optimistic
No change		 Rate your optimism about your regional economy on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

2. Are you more or less optimistic about the financial prospects for your company compared to last quarter?
More optimistic
Less optimistic
No change		 Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

3. What are the top three concerns your company faces in 2005? (rank #1, #2, #3)
   World economic stability
   Availability/cost of capital
   High fuel prices
   High non-fuel commodity prices
   Political risk
   Reduced pricing power
   Inflation
   Increased interest rates		    Increased regulation
   Salaries and wages
   Health care costs
   Distribution problems
   Increased global competition
   Terrorism
   U.S. dollar weakness
   Other:

4. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months? (e.g., +3%, -2%, etc.) [Leave blank if not applicable]
   % Prices of your products
   % Productivity (output per hour worked)
   % Technology spending
   % Number of domestic employees
   % Number of foreign/off-shore
                          outsourced employees
   % Wages/Salaries
   % Health care costs		    % Capital spending
   % Earnings
   % Inventory
   % Cash on the balance sheet
   % Dividends
   % Advertising/marketing

     M&A activity

5a. On a scale of 0 to 100, how do you rank the negative impact that the threat of terrorism is having on your business? (0 means no impact, 100 means maximum negative impact from threat of terrorism.)
 0-100
5b. What number on this scale would indicate that the threat of terrorism is affecting your bottom line? (If your answer in 7a is greater than this number, it means that the threat of terrorism is affecting your bottom line.)
 0-100

5c. What specific actions has your company taken in response to the threat of terrorism? (Check all that apply)
  Reduced employee travel
  Changed mode of employee travel (e.g., less public transportation)
  Increased security at facilities
  Increased security for key personnel
  Appointed chief security officer
  Establish redundant operating systems
  Establish redundant financial systems
  Check backpacks/bags
  Other  
  We have not taken specific actions

Please check one from each category that best describes your company:

     a. Industry
       Retail/Wholesale
       Mining/Construction
       Manufacturing
       Transportation/Energy
       Communications/Media		       Tech [Software/Biotech]
      Banking/Finance/Insurance
      Service/Consulting
      Healthcare/Pharmaceutical
      Other  
  b. Sales Revenue  c. Number of Employees
       Less than $25 million
       $25-$99 million
       $100-$499 million
       $500-$999 million
       $1-$4.9 billion
       $5-$9.9 billion
       More than $10 billion		       Fewer than 100
      100-499
      500-999
      1,000-2,499
      2,500-4,999
      5,000-9,999
      More than 10,000
  d. Headquarters   e. Ownership
       
  

  (Other specified) 
  		       Public
      Private
      Government
      Nonprofit
  f. Foreign Sales g. Your job title (e.g., CFO, Asst. Treasurer, etc):
       0%
       1-24%
       25-50%
       More than 50%		        

� Duke University, 2005