Multiple Choice
CNOOC's $1Discuss the implications of globalization for management and organizations. billion investment in Nexen, a Calgary oil and gas producer, is China's largest-ever successful overseas investment. Chinese state-owned firm CNOOC Ltd. is now officially in control of Nexen Inc. CNOCC's investment is characterized as a(n)
A) joint venture.
B) global strategic alliance.
C) foreign direct investment.
D) sourcing.
E) long-term investment.
Correct Answer:
Verified
Correct Answer:
Verified
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