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
36
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.
It’s a good method to buy an existing company to solve the problem of personnel.
选项
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/mN7d777K
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
ServiceRequest—MaintenanceDepartment(StubbsCollege)-Paintallofthewallsinthegymnasiumandcafe
ServiceRequest—MaintenanceDepartment(StubbsCollege)-Paintallofthewallsinthegymnasiumandcafe
Yourcompanyplanstosetupadistributionnetworkinthecounttopromotesalesofproducts.Youhavebeenaskedtosubmitidea
QualityControl:theimportancetoacompanyofmonitoringthequalityofitsgoodsandservices
InvestingYourcompanywantstomakesomeinvestments.Youhavebeenaskedtosubmitideasonhowtoinvest.Discuss,anddecide
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
•YouwillhearaninterviewwithSteveMarriott,aninternalbusinessconsultantwithCarserve,avehiclebreakdownservice.•
•YouwillhearaninterviewwithSteveMarriott,aninternalbusinessconsultantwithCarserve,avehiclebreakdownservice.•
随机试题
霍尔传感器的输出信号为矩形波。()
乳腺癌常常发生于乳腺的哪个部位
患者风湿痹证,腰膝酸痛,下肢痿软无力,遇劳更甚者。治疗应首选
津液输布的主要通道是()
单位负反馈系统的开环传递函数为G(s)=。试确定该系统的阻尼比和固有频率为()。
( )( )
下列关于基金销售适用性的说法中,正确的是()。I.当基金销售机构或基金销售人员的利益与基金投资人的利益发生冲突时,应当优先保障基金投资人的合法利益Ⅱ.当基金销售机构或基金销售人员的利益与基金投资人利益发生冲突时,应当根据
按照金融期权基础资产性质的不同,金融期权可分为()。Ⅰ.利率期权Ⅱ.货币期权Ⅲ.股权类期权Ⅳ.金融期货合约期权
下列关于Windows2003系统WWW服务器安装、配置和使用的描述中,错误的是()。
Whetherwehelphimornot,hewillsucceed.Theitalicizedpartfunctionsasa(n)______inthesentence.
最新回复
(
0
)