第一章 Globalization & the Multinational Firm：Chapter 1 provides an introduction to International Financial Management, discusses why it is so significant to study international finance and distinguishes international finance from domestic finance.1.1What Is Special about “International” Finance?:What is the difference between domestic finance and international finance?[单选题] Recently, financial markets have become highly integrated. This development选项:[has increased the cost of capital for firms. , answers a and c are both correct. , allows minority investors to buy and sell stocks. , allows investors to diversify their portfolios internationally.]
1.2What Are the Goals for International Financial Managememt？:What are the main goals for International Financial Management?
1.1What Is Special about “International” Finance?:What is the difference between domestic finance and international finance?
1.2What Are the Goals for International Financial Managememt？:What are the main goals for International Financial Management?
[单选题]Although the world economy is much more integrated today than was the case 10 or 20 years ago, a variety of barriers still hamper free movements of people, goods, services, and capital across national boundaries. These barriers include 选项:[all of the above , excessive transportation costs. , information asymmetry. , legal restrictions. ]
[单选题] A purely domestic firm sources its products, sells its products, and raises its funds domestically选项:[all of the above are true , can still face exchange rate risk, just like a MNC. , can be more competitive than a MNC on its home turf due to superior knowledge of the local market. , can face stiff competition from a multinational corporation that can source its products in one country, sell them in several countries, and raise its funds in a third country.]
[单选题] Suppose your firm invests $100,000 in a project in Italy. At the time the exchange rate is $1.25 = €1.00. One year later the exchange rate is the same, but the Italian government has expropriated your firm's assets paying only €80,000 in compensation. This is an example of选项:[none of the above, since $100,000 = €80,000 × $1.25/€1.002 , political risk. , market imperfections., exchange rate risk.]
[单选题] The ultimate guardians of shareholder interest in a corporation, are the选项:[ all of the above., senior management. , boards of directors. , rank and file workers. ]
[单选题]Although the world economy is much more integrated today than was the case 10 or 20 years ago, a variety of barriers still hamper free movements of people, goods, services, and capital across national boundaries. These barriers include 选项:[information asymmetry. , legal restrictions. , all of the above , excessive transportation costs. ]
[单选题] Recently, financial markets have become highly integrated. This development选项:[has increased the cost of capital for firms. , allows investors to diversify their portfolios internationally., answers a and c are both correct. , allows minority investors to buy and sell stocks. ]
[单选题] The ultimate guardians of shareholder interest in a corporation, are the选项:[boards of directors. , all of the above., rank and file workers. , senior management. ]
[单选题] Suppose your firm invests $100,000 in a project in Italy. At the time the exchange rate is $1.25 = €1.00. One year later the exchange rate is the same, but the Italian government has expropriated your firm's assets paying only €80,000 in compensation. This is an example of选项:[ market imperfections., political risk. , none of the above, since $100,000 = €80,000 × $1.25/€1.002 , exchange rate risk.]
[单选题] A purely domestic firm sources its products, sells its products, and raises its funds domestically选项:[can be more competitive than a MNC on its home turf due to superior knowledge of the local market. , can face stiff competition from a multinational corporation that can source its products in one country, sell them in several countries, and raise its funds in a third country., all of the above are true , can still face exchange rate risk, just like a MNC. ]
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