首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Look at the statements below and at the five extracts from an article about investment and acquisitions. Which article(A, B, C,
Look at the statements below and at the five extracts from an article about investment and acquisitions. Which article(A, B, C,
admin
2013-08-22
61
问题
Look at the statements below and at the five extracts from an article about investment and acquisitions.
Which article(A, B, C, D or E)does each statement 1—8 refer to?
For each statement 1—8, mark one letter(A, B. C, D or E)on your Answer Sheet.
You will need to use some of these letters more than once.
There is an example at the beginning, (0).
A
Whether a direct investment is made by acquisition or start-up depends, of course, on which companies are available for purchase. The large privatization programs occurring in many parts of the world have put hundreds of companies on the market, and MNEs have exploited this new opportunity to invest abroad. For example, over half the value of FDI(Foreign direct investment)in Central and Eastern Europe has come from privatization programs. There are many reasons for seeking acquisitions.
B
One concern is the difficulty of transferring some resource to a foreign operation or acquiring that resource locally for a new facility. One resource that is particularly difficult to acquire is personnel, especially if the local labor market is tight. Instead of paying higher compensation than competitors do to entice employees away from their old jobs, a company can buy an existing company, which gives to the buyer not only labor and management but also a whole organizational structure through which these personnel may interact.
C
Through marketing of mass consumer products, especially if the cost and risk of breaking in a new brand are high. Further, a company that depends substantially on local financing rather than on the transfer of capital may find it easier to gain access to local capital through an acquisition. Local capital suppliers may be more familiar with an ongoing operation than with the foreign enterprise. In addition, an existing company sometimes may be acquired through an exchange of stock, thus circumventing home-country exchange controls.
D
Acquisitions may reduce costs and risks as well as provide quicker results. A company may be able to buy facilities; particularly those of a bankrupt operation, for less than it would cost to build them at current construction costs. If an investor fears that a market does not justify added capacity, acquisition enables it to avoid the risk of depressed prices and lower unit sales per producer, which might result from new facilities. Finally, by buying a company, an investor avoids the high expenses caused by inefficiencies during the start-up period and gets an immediate cash flow rather than tying up funds during construction.
E
E. Although acquisitions offer advantages, a potential investor will not necessarily be able to realize them. Foreign investments frequently are made where there is little or no competition, so finding a company to buy may be difficult. In addition, local governments may prevent acquisitions because they fear lessening competition or market dominance by foreign enterprises. Even if acquisitions are available, they are less likely to succeed than start-up operations. One factor is that those companies that can be acquired might embody substantial problems for the investor: personnel and labor relations may be both poor and difficult to change.
Acquisitions have other three advantages like reducing costs, reducing risks and providing quicker results.
选项
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/9N7d777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
A、 B、 C、 A让对方不要忘记填写有关客户服务的调查问卷的陈述句。(B)是使用和fill类似的单词file的错误选项;(C)是重复问句中的service、有重复词错误的错误选项。因此对叮嘱不要忘记填写调查问卷的话,回
InvestingYourcompanywantstomakesomeinvestments.Youhavebeenaskedtosubmitideasonhowtoinvest.Discuss,anddec
Doyouthinkabuy-to-letinvestmentpropertyisagoodoptioninthelongrun?Why?
InvestingYourcompanywantstomakesomeinvestments.Youhavebeenaskedtosubmitideasonhowtoinvest.Discuss,anddecide
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
•YouwillhearaninterviewwithSteveMarriott,aninternalbusinessconsultantwithCarserve,avehiclebreakdownservice.•
•YouwillhearaninterviewwithSteveMarriott,aninternalbusinessconsultantwithCarserve,avehiclebreakdownservice.•
随机试题
其他条件不变的情况下,企业财务风险大,投资者要求的预期报酬率就高,企业筹资的资本成本相应就大。()
当一批工件加工后(见图3-45),A、C间尺寸合格,现测得A、B表面间的尺寸在16.67~16.88mm之间,试计算这批工件是否合格。
根据组织环境的层次性,最复杂的组织环境形式是()
混合牙列的恒牙充填修复治疗的目的是
在电压等级为220kV的带电体附近进行高处作业时,工作人员的活动范围距带电体的最小安全距离为()m。
普通高中美术课程具有()。
请对“所有的首要分子都是主犯”这一说法进行辨析。
标准化是一种活动过程,一般包括标准的产生、实施和(68)等阶段。
SDH的中文名称是()。
Mollyhasalwaysbeena(n)______child;shebecomesilleasily.
最新回复
(
0
)