国际商务：国际直接投资单元测试与答案

一、单选题1、FDIoccurswhenafirm:shipsitsproductsfromonecountrytoanother.investsdirectlyinfacilitiestoproduceaproductinaforeigncountry.investsinthesharesofanothercompanyoperatinginthesamecountry.grantspermissiontoanothercompanyinadifferentcountrytouseitsbrandname.正确答案：B2、Whichofthefollowingisanexampleofagreenfieldinvestment?A.AChinesesugarmakersettingupasugarcrushingfacilityinCuba.B.ASerbianautomobilecompanypurchasingaCroatiancomponentmanufacturer.C.AFinnishmobilephonemanufacturerexpandingitsproductionfacilityinFinland.D.AnIndianoilexplorationcompanyacquiringanoilrefiningcompany.正确答案：A3、ThestockofFDIis:theamountofFDIundertakenoveragivenperiodoftime.theflowofFDIoutofacountry.thetotalaccumulatedvalueofforeign-ownedassetsatagiventime.theamountofforeigndirectinvestmentmadebydomesticcompaniesoveragivenperiodoftime.正确答案：C4、Whichofthefollowingprimarilyexplainswhydevelopingnationsarecharacterizedbylowerpercentageofcross-bordermergersandacquisitionscomparedtodevelopednations?A.FierceoppositiontomergersandacquisitionsindevelopednationsB.UnwillingnessofforeigncompaniestoinvestindevelopingnationC.FewertargetfirmstoacquireindevelopingnationsD.Presenceofimportquotasindevelopingnations正确答案：C5、WhencontemplatingFDI,whydofirmsapparentlyprefertoacquireexistingassetsratherthanundertakegreenfieldinvestments?GreenfieldinvestmentsarecharacterizedbyreducedmanagementcontrolMergersandacquisitionsarepreferredbecausemostgreenfieldinvestmentsfail.Mergersandacquisitionsarequickertoexecutethangreenfieldinvestments.Itiseasierandlessriskyforafirmtobuildstrategicassetsthanacquiresimilarassets.正确答案：C6AFrenchwindpowercompanygivesanIndonesiancompanytherighttoproduceandsellwindturbinesinreturnforaroyaltyfeeoneveryunitsold.Whichbusinesspracticeisthisanexampleof?AcquisitionLicensingExportingGreenfieldinvestment正确答案：B7、WhichofthefollowingisawayinwhichgovernmentsincreasetheattractivenessofFDIandlicensingrelativetoexporting?ByimplementingimportquotasByimposingFDIlimitsinindustriesByincreasingtaxratesBylimitingfreeflowofcapital正确答案：A8、Identifythetheorythatseekstoexplainwhyfirmsoftenpreferforeigndirectinvestmentoverlicensingasastrategyforenteringforeignmarkets.Productlife-cycletheoryPerfectmarketstheoryInternalizationtheoryRandomwalktheory正确答案：C9、InwhichofthefollowingsituationsdoestheinternalizationtheoryrecommendFDIasopposedtolicensing?WhenthefirmhasthatcanbeadequatelyprotectedbyalicensingcontractWhenthefirmproducesproductsthathavealowratioWhenafirm'sskillsandareamenabletolicensingWhenthefirmneedstightcontroloveraforeignentity正确答案：D10、WhichofthefollowingobservationsconcerningKnickerbocker'stheoryistrue?A.ItdoesnotexplainimitativeFDIbehaviorbyfirmsinoligopolisticindustriesB.EconomistsfavorthistheoryasanexplanationforFDIcomparedtotheinternalizationtheory.C.ItdoesnotexplainwhythefirstfirminanoligopolydecidestoundertakeFDIratherthantoexportorlicense.D.ItaddressestheissueofwhetherFDIismoreefficientthanexportingorlicensingforexpandingabroad.正确答案：C二、判断题1、AJapanesecarmanufactureracquiresanItalianproducerofcartires.Thisisanexampleofagreenfieldinvestment.正确答案：×2、Themajorityofcross-borderinvestmentinthedevelopedworldisintheformofgreenfieldinvestmentsratherthanmergersandacquisitions.正确答案：×3、Whentransportationcostsareaddedtoproductioncosts,itbecomesunprofitabletoshipsomeproductsoveralargedistance.Thisisparticularlytrueofproductsthathaveahighvalue-to-weightratio.正确答案：×4Byplacingtariffsonimportedgoods,governmentscanincreasethecostofexportingrelativetoforeigndirectinvestmentandlicensing.正确答案：√5、Internalizationtheoryseekstoexplainwhyfirmsoftenpreferforeigndirectinvestmentoverlicensingasastrategyforenteringforeignmarkets.正确答案：√6、Licensinggivesafirmtightcontrolovermanufacturing,marketing,andstrategyinaforeigncountrythatmayberequiredtomaximizeitsprofitability.正确答案：×7、Anoligopolyisanindustrycomposedofalimitednumberoflargefirms.正确答案：√8、JohnDunningpioneeredtheeclecticparadigm.正确答案：√9、ThefreemarketviewarguesthatFDIisabenefittoboththesourcecountryandtothehostcountry.正确答案：√20、Ifecurrentaccountofthehostcountry'sbalanceofpayments.正确答案：√2、ThetwomostcommonmethodsofrestrictinginwardFDIareownershiprestraintsandperformancerequirements.正确答案：√22、Licensingisusuallyagoodoptionforfirmsinhigh-techindustrieswhereprotectingfirm-specificexpertiseisofparamountimportance.正确答案：×23、Theproductlife-cycletheoryandKnickerbocker'stheoryofhorizontalFDItendtobeveryusefulfromabusinessperspectiveb