國際商務：國際直接投資單元測試與答案

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