Duke University/CFO
Global Business Outlook Survey
Third Quarter 2010

No individual firms are identified and only aggregate data are made public. Please respond by September 9. If you have any questions about this survey, please contact us.

6. Over the next five years, by how much do you expect wage increases to affect the growth of

No effect Small reduction in growth Moderate reduction in growth Large reduction in growth Don't know your country's overall manufacturing sector? your company?

7a. How much cash and marketable securities does your firm hold (as a percentage of total assets)?

Today   (% of assets)   One Year Ago   (% of assets)

7b. Is it likely that your firm will begin to deploy its cash reserves during the next 12 months?

No   Yes   Not sure Why not? (Check all that apply)   Need cash as liquidity buffer (e.g., in case credit markets tighten)   There are few attractive investment opportunities   We will maintain or increase cash holdings until uncertainty about the economy declines   We currently do not have any “excess” cash to deploy   Other:   On what would accumulated cash reserves be deployed? (Check all that apply)   Capital spending or investment   Research and development   Purchase inventory   Merger/acquisition   Pay down debt   Dividends or share repurchases   Increase employee benefits/pay   Allow more lenient payment terms by customers   Pension plan funding   Marketing and advertising   Other:

8a. Did your company's capital spending increase over the past 12 months?

Yes   No How much did capital spending increase?   % If overall economic growth were to maintain its current pace, how long can you continue to sustain this rate of capital spending growth?   Less than 6 months   6 months   12 months   2 years   3 or more years

8b. Did your company's earnings increase over the past 12 months?

Yes   No How much did earnings increase?   % If overall economic growth were to maintain its current pace, how long can you continue to sustain this rate of earnings growth?   Less than 6 months   6 months   12 months   2 years   3 or more years

9. We are trying to assess how/whether domestic capital spending will affect domestic employment. Please answer the following for your company: Our planned capital spending over the next 12 months

Is likely to decrease our domestic employment   Is not likely to affect our level of domestic employment   Is likely to increase our domestic employment   Not sure   Not applicable

10. Compared to Fall 2009, does your company find borrowing now:

Much more difficult   A little more difficult   About the same   A little easier   Much easier   Not applicable

11. What percentage of your company's overall hiring has been part-time or contract workers ?

Over the past year Check if no hiring Our normal business practice

12. What sort of effect would stricter enforcement of immigration policies by the government have on

Negative effect No effect Positive effect The economy Your industry Your firm

13a. What proportion of your company's sales revenue currently comes from exports? % 13b. In five years, what proportion of your company's sales revenue will come from exports? % 13c. Over the next five years, what will be your company's annual sales revenue growth? %

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. Where are you personally located?	e. Ownership
-- Select -- Cambodia People's Republic of China Hong Kong India Indonesia Japan Korea Laos Malaysia Myanmar Pakistan Philippines Singapore Sri Lanka Taiwan Thailand Vietnam U.S. Europe Other (please specify)   (Other specified)    If your company headquarters is  another country, please indicate which country.   (Other specified)	Public       Private       Government       Nonprofit

f. Foreign Sales	g. What is your company's credit rating?
0%        1-24%        25-50%        More than 50%	Not Applicable AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC CC D Check here if you do not have a rating, and please estimate what your rating would be.

h. Your job title (e.g., CFO, Asst. Treasurer, etc)

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