The OLI paradigm is an attempt to create a framework to explain why MNEs choose rather than some other form of international venture.

A$)$ licensing

B$)$ joint ventures

C$)$ foreign direct investment

D$)$ strategic alliances

The $O$ in OLI refers to an advantage in a firm's home market that is

A$)$ operator independent

B$)$ owner$-$specific

C$)$ open$-$market

D$)$ official designation

The L in OLI refers to an advantage in a firm's home market that is a

A$)$ liability in the domestic market.

B$)$ location$-$specific advantage.

C$)$ longevity in a particular market.

D$)$ none of the above.

The I in OLI refers to an advantage in a firm's home market that is an

A$)$ internalization

B$)$ industry$-$specific advantage

C$)$ international abnormality

D$)$ none of the above

$\frac{A}{n}$ would be an example of an ownerspecific advantage for an MNE.

A$)$ patent

B$)$ economy of scale

C$)$ economy of scope

D$)$ all of the above

$\frac{A}{n}$ would be an example of a locationspecific advantage for an MNE.

A$)$ patent

B$)$ economy of scale

C$)$ unique source of raw materials

D$)$ possession of proprietary information

Which of the following is NOT a form of FDI?

A$)$ Wholly$-$owned affiliate.

B$)$ Joint venture.

C$)$ Exporting.

D$)$ Greenfield investment.