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Junk bonds are a financing option through which risky acquisitions are financed with debt that provides a large potential return to bondholders

In China, Starbucks is standardizing its operations while simultaneously decentralizing some decision-making responsibility to local levels to meet customers’ tastes. Starbucks is following the __________ international corporate-level strategy.

Typical returns on acquisitions for the shareholders of the acquiring firms are close to zero

Collusion is a form of cooperative strategy

R&D is one of the types of entries into a new market

Acquisitions can become a substitute for innovation in some firms and can leave a firm vulnerable

Which of the following is NOT one of the three main restructuring strategies?

In practice, the cost-minimization strategy can be more expensive than the opportunity-maximization strategy. Which of the following is a way in which the cost-minimization strategy is LESS expensive than the opportunity-maximization strategy?

Firms can increase their speed to market for new products by pursuing an internal product development strategy rather than an acquisition strategy

Four types of distances are associated with the liability of foreignness: cultural, administrative, geographic, and economic