cai cach

 Which of the following opportunities is brought to Vietnam through its slow equitization

•  a. Good governance

• b. Stable economic growth

•  c. Low economic development

• d. Less competition in the international market

SOE's managers:

• a. often have vague objectives

• b. large number of owners

• c. are difficult to define the contract and have the same vision

• d. lack incentives to maximize efficiency

In the SOEs:

• a. It is easier to measure performance by profit or the value of the firm

•  b. There are a large number of owners

• c. Owners can replace managers if they do not maximize profits

• d. a hostile takeover is also an incentive for managers to maximize profits

In the private sector

• a. Bankruptcy of inefficient firms may become incentives for owners to monitor

• b. firms received soft budget support from commercial banks

•  c. firms often have vague objectives

• d. firms often operates with obsolete machinery and equipment

In the state sector

• a. Bankruptcy of inefficient enterprises may

  become incentives for owners to monitor

• b. enterprises do not receive soft budget support from commercial banks

• c. enterprises often have vague objectives

• d. enterprises are equipped with advanced technologies by the government

 A hostile takeover is an incentive for managers to maximize profits in

• a. Private firms

• b. SOEs

•  c. None of the above

• d. Both of a & b

Four basic categories of property rights (Ostrom, 1990 and Bomley, 1991) include:

• a. Private property right, state-property right, common property right and open-access right;

• b. Private property right, state-property

  right, common property right and individual property right;

• c. Private property right, state property right,

  individual right and open-access right

• d. Private property right, state-property

  right, group property right and open-access right

Properties jointly owned and used

by a specified group of co-owners through formal or informal entitlements belong to:

• a. private property right

•  b. individual property right

• c. state property right

• d. common property right

......is the basis for capitalism:

• a. individual property right

• b. state property right

• c. open access right

• d. private property right

 .... is the sole organ with constitutional and legislative rights

• a. The Vietnamese Central Government

• b. The Vietnamese National Assembly

• c. The Standing Committee of National Assembly

• d. Both b &c