Multinational Financial Management 10th Edition 题库ch16

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1、Chapter16,CorporateStrategyandForeignDirectInvestmentCHAPTER16CorporateStrategyandForeignDirectInvestmentEASY(definitional)16.1WhichofthefollowingislikelytobeamajorlongruncompetitiveadvantageofaU.S.multinational?a)adeclineintherealvalueoftheU.S.dollarb)accesstolowcostforeignrawmate

2、rialsc)itsabilitytoquicklyadaptitsproductsandtechnologyinlinewithchangingmarketconditionsd)offshorebankingfacilitieslocatedintheGulfofMexicoAns:cSection:ProductandfactormarketimperfectionsLevel:Easy16.2Inthebeginningstagesoftheexportingprocess,amajorchallengeisthea)Firm’sinexperience

3、dstaffb)Lackofknowledgeconcerningforeigncustom’sregulationsc)Fearoftheunknownforeignbusinesscustomsd)abilitytorealizethefullsalespotentialofaproduct.Ans:dSection:OverseasproductionLevel:Easy16.3ForeigndirectinvestmentwouldbetheacquisitionabroadbytheMNCofa)salesofficesb)distributionch

4、annelsc)plantandequipmentd)portfoliosecuritiesAns:cSection:ForeignDirectInvestmentandCorporateStrategyLevel:Easy16.4_________istheacquisitionabroadofplantandequipment.a)Portfolioinvestmentb)Financialinvestmentc)Foreigndirectinvestmentd)RationalizationAns:cSection:Theprocessofoverseas

5、expansionLevel:EasyChapter16,CorporateStrategyandForeignDirectInvestment16.5Whichoneofthefollowingwouldfirmswhowishtogoglobalbutwhoarenotreadytoassumesignificantriskresorttoinordertocompeteinternationally?a)licensingalocalfirmtomanufacturethecompany’sproductsb)acquiringalocaloperatio

6、nc)governmentsubsidizedexportingprogramsd)settingupalocalfactoryAns:aSection:TheprocessofoverseasexpansionLevel:Easy16.6Firmswhowishtogoglobalbutwhoarenotreadytoassumesignificantriskmayresortto____________inordertocompeteinternationally.a)licensingalocalfirmtomanufacturethecompany’sp

7、roductsb)acquiringalocaloperationc)governmentsubsidizedexportingprogramsd)settingupalocalfactoryAns:aSection:TheprocessofoverseasexpansionLevel:Easy16.7Whenmultinationalsholdcapitalintheformoftrademarks,patents,andgeneralmarketingskills,itisreferredtoasa)intangiblecapital.b)realasset

8、s.c)tangible