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An advantage of joint ventures is ______.A) the protection of know-howB) the access to partners’ assetsC) the case of global coordinationD) the complete equity and operational control____8. A disadvantage of acquisitions is ______.A) the inability to add new capacity to industryB) the inability to coordinate globallyC) high development costsD) the slow entry speedAntitrust policies aim to balance efficiency and fairness intrade. A) TrueB) False____10. The antitrust policies in the United States make itdifficult for incumbents to raise entry barriers for newentrants.A) True B) False____11. Pre-acquisition analysis often focuses on strategic fit,which is the effective matching of ______ strategiccapabilities.A) competitiveB) complementary C) rationalD) Collaborative____12. Which is the best-case scenario for an equity-basedalliance?A) High tacitness and high importance to direct organizationalmonitoring and control.B) Low potential as real options and low influence of formalinstitutions.C) High tacitness and low influence of formal institutions.D) Low tacitness and high importance to direct organizationalmonitoring and control.13. During the first stage of alliance formation, a firm decideswhether growth can be achieved strictly through markettransactions, acquisitions, or alliances.A) True B) False14. Local responsiveness makes local customers and governmentshappy and helps decrease costs.A) True B) False