Chapter_1_Multinational_Financial_Management题库答案+批注.docxVIP

Chapter 1 Multinational Financial Management:An Overview1. The commonly accepted goal of the MNC is to: A) maximize short-term earnings. B) maximize shareholder wealth.股东权益最大化C) minimize risk. D) A and C. E) maximize international sales.ANSWER: B2. With regard to corporate goals, an MNC is mostly concerned with maximizing ____________, and a purely domestic firm is mostly concerned with maximizing ____________. A) shareholder wealth; short-term earnings B) shareholder wealth; shareholder wealth都要赚钱滴啦C) short-term earnings; sales volume D) short-term earnings; shareholder wealthANSWER: B3. For the MNC, agency costs are typically: A) non-existent. B) larger than agency costs of a small purely domestic firm. MNC的代理成本比较高C) smaller than agency costs of a small purely domestic firm. D) the same as agency costs of a small purely domestic firm.ANSWER: B4. Which of the following is not a form of corporate control that could reduce agency problems for an MNC? 如何降低委托代理成本A) stock options.股票报酬B) hostile takeover threat. 敌意收购的威胁C) investor monitoring. 大股东的监测和干预D) all of the above are forms of corporate control that could reduce agency problems for an MNC.ANSWER: D5. A recent study by McKinsey Co. found that investors assign a higher value to firms that exhibit ________ corporate governance standards and are likely to ________ ethical constraints. MNC的公司价值越高，对子公司的控制越多A) high; not obey B) high; obeyC) low; not obey D) low; obeyANSWER: B6. Which of the following theories identifies specialization as a reason for international business? A) theory of comparative advantage.国际商务专门化来源于比较优势B) imperfect markets theory. C) product cycle theory. D) none of the aboveANSWER: A7. Which of the following theories identifies the non-transferability of resources as a reasonfor international business? A) theory of comparative advantage. B) imperfect markets theory.资源不可转让性 product factors are immobileC) product cycle theory. D) none of the aboveANSWER: B8. Which of the following theories suggests th