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
财经
The term“joint international business venture”,joint venture for short,has come to mean many things to many people.It sometimes
The term“joint international business venture”,joint venture for short,has come to mean many things to many people.It sometimes
admin
2014-09-18
54
问题
The term“joint international business venture”,joint venture for short,has come to mean many things to many people.It sometimes is taken to mean any joint relationship between one or more foreign firms and one or more local firms.Such a broad definition is excluded here.Joint venture will be taken to mean joint ownership of an operation in which at least one of the partners is foreign based.
Joint ventures can take many forms.A foreign firm may take a majority share,a minority share,or an equal share in ownership.While it is not necessary to have financial control or to have operating control,some firms refuse to use the joint venture form if it is not possible to have a majority position in ownership.There are firms that have few qualms about holding minority position,however,so long as they can have operating control.They achieve this through technical-aid,management,or supply contracts.
It should be recognized that maintaining operating control is sometimes difficult if one does not have financial control too.Objectives of the participants may diverge;when they do,financial control becomes important.Management may wish to reinvest earnings while the majority of the board may wish earnings distributed as dividends.Unless policy issues of this kind can be settled amicably,lack of financial control can prove to be very unsatisfactory,if not fatal.
Many joint ventures emerge as matters of necessity:that is,no single firm is willing to assume the risks entailed,while a consortium of firms is.Large,capital-intensive,long-lived investments are natural candidates for the joint venture.Exploitation of resource deposits often is done by a consortium of several petroleum or mining firms.Roles are parceled out even though each phase of the operation is owned jointly.One firm does the actual mining,another provides transportation,and still another does the refining and extraction.There is a wide variety of combinations.
Also the joint venture can pose problems,especially if it is an enforced marriage of partners.For many ventures in small countries,it is difficult to find a suitable local partner,that is,one with sufficient capital and know how t0 be able to contribute to the partnership.In some developing countries,a small handful of families control the entire locally-owned part of the industrial structure.Under these circumstances’a joint venture merely insulates them further from independent,foreign-owned plants that would compete against them.F0r this and other reasons,the only suitable partner may end up being the government itself.Most multinational firms,however,shy away from such arrangements where possible.
Which of the following is not the advantages of the joint venture?
选项
A、It can assume more risks.
B、It may gather more capital.
C、Large and long-lived investment can be carried out.
D、The partners will make concerted efforts towards one target.
答案
D
解析
文中第三段指出“objectiyes ofthe participants may diverge”。故D项错误。
转载请注明原文地址:https://jikaoti.com/ti/8y2QFFFM
本试题收录于:
英语题库银行系统招聘考试分类
0
英语
银行系统招聘考试
相关试题推荐
Thehealth-careeconomyisrepletewithunusualandevenuniqueeconomicrelationships.Oneoftheleastunderstoodinvolvesthe
PassagefourBankershavebeenblamingthemselvesfortheirtroublesinpublic.Behindthescenes,theyhavebeentakingaimats
PassagefourBankershavebeenblamingthemselvesfortheirtroublesinpublic.Behindthescenes,theyhavebeentakingaimats
PassageoneManyobjectsindailyusehaveclearlybeeninfluencedbyscience,buttheirformandfunctlon’theirdlmensionsand
refertothefollowingadvertisement.ThefinancialPlanningOfficeisofferingaFamilyBudgetGuide(No.1063X)tohelpmembersc
Recentlyfederalpolicymakershaveadoptedanapproachintendedtoacceleratedevelopmentofthesupportinglarge,growthorient
NewfiguresfromFrance,GermanyandItaly—thethreebiggesteconomiesinthe12countryEurozone—suggestthecontinent’seconomi
It’sfromMay1toOctober31,2010_________theWorldExpo2010beheld,_________wasagreateventfortheChinesepeople.
I’velovedmymother’sdesksinceIwasjusttallenoughtoseeabovethetopofitasmothersatwritingletters.Standingby
TheLynndaleSpringLineIsHereThisyear’sspringlinemayjustbeourbestcollectionyet!Ouraward-winningdesignersha
随机试题
拙政园、孔林、北海公园、西湖分别属于()园林。
模具需要冷却的原因是
增值税发端于________。
最易发生感染的时期是()
下列说法不正确的是()。
客运专线正线无砟轨道道床结构形式主要有()。
金融市场最基本的要素是()。
“不识庐山真面目,只缘身在此山中”说的是观景赏美中()的道理。
审判的时候怀孕的妇女依法不适用死刑。对这一规定的理解,下列选项中错误的是()。
A、Higherthanonewholivesindullsurroundings.B、Lowerthanonewholivesinaboringenvironment.C、Thesameasonewholive
最新回复
(
0
)