Duke University/CFO Magazine Business Outlook Survey

No individual firms are identified and only aggregate data are made public. Please respond by September 8. If you have any questions about this survey, please contact us.

1. Are you more or less optimistic about the economy of the country where you are based compared to last quarter?
More optimistic Less optimistic No change	Rate your optimism about the economy of the country where you are based 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 external concerns facing your corporation? (rank #1, #2, #3)

   Consumer demand
   Cost of fuel
   Cost of non-fuel commodities
   Credit markets/interest rates
   Currency risk
   Environmental regulation
   The financial/banking system
   Government policy

   Financial regulation
   Foreign competition
   Global financial instability
   Global political instability
   National employment outlook
   Price pressure from competitors
   Trade policies and trade agreements
   Other:

4. What are the top three internal, company-specific concerns for your corporation? (rank #1, #2, #3)

   Ability to forecast results
   Attracting and retaining qualified employees
   Balance sheet weakness
   Cost of health care
   Counterparty risk
   Data security
   Illness

   Maintaining morale/productivity
   Managing IT systems
   Pension obligations
   Protection of intellectual property
   Supply chain risk
   Working capital management
   Other:

5. 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.]

   Capital spending
   Cash on the balance sheet
   Dividends
   Earnings
   Health care costs
   Marketing/advertising spending
   Number of domestic full-time employees
   Number of domestic temporary employees

   Number of offshore outsourced employees
   Prices of your products
   Productivity (output per hour worked)
   Research and development spending
   Revenue
   Share repurchases
   Technology spending
   Wages/Salaries

6. Are you concerned about the possibility of the country where you are located entering recession within the next year?

  Not concerned at all
  A little concerned
  Moderately concerned
  Very concerned
  We are already in a recession
  No opinion / Not sure

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

For manufacturing firms only:

% of capacity utilized in the first five months of 2011
% of capacity utilization planned for year-end 2011

d. Where are you personally located?

e. Ownership

	(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%

Check here if you do not have a rating, and please estimate what your rating would be.

h. What do you estimate is your firm's overall weighted average cost of capital for 2011? (e.g., 11.2%)	i. Your job title (e.g., CFO, Asst. Treasurer, etc.)
%

Duke University/CFOGlobal Business Outlook Survey Third Quarter 2011

Duke University/CFO
Global Business Outlook Survey
Third Quarter 2011