[LEVEL II 模拟试题] Mock Level II - Question 36-40

Kakashi_8

Question：36 - 27854
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
A)
provide managers greater job security.
: f2 A! A* @/ ^- v. q) y) HB)
may start a bidding war for the firm’s shares.
C)
change the firm’s legal status from public to private.
D)
* U5 Y2 D5 U: d+ j3 G5 L/ lforce the acquirer to negotiate directly with the firm’s Board of Directors.
Question：37 - 27901
Which of the following statements regarding internal capital markets is FALSE?
A)
Political obstacles are likely to exist in efficiently allocating resources.
B)
  S* {3 I5 p: R+ V( {  DManagement can channel free cash flow from mature business lines to high growth ventures.
C)
The firm can credibly signal the quality of new ventures.
D)
, H. E  W0 C' yThe firm can save money by not issuing securities in the capital markets.

+ B+ C8 _) \" u" y9 n' O5 SQuestion：38 - 9865
% @* A0 Y. B2 `$ D) lOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
A)
4 e& ~1 C/ k( Ytoo low.
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can't tell from this information.
C)
( T3 |8 t$ ^( \7 ~too high.
D)
very accurate.

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* `& S" G! o' |# x8 n# k! E0 nQuestion：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
A)
relative value.
6 b6 y2 C. p* W0 l+ kB)
future value.
/ u( i' r9 W* Z5 l5 b) t& E5 l- lC)
intrinsic value.
* k/ W/ D1 Y. H2 @$ ?& f* PD)
market value.
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  x' {/ [3 o. i* y* SQuestion：40 - 9947
Roger Miller is the CEO of MetaCorp. MetaCorp is attempting to implement a strategic plan to establish a sustainable competitive advantage. The main thrust of the plan is to achieve a market share of at least 18 percent. Miller hires a strategy consultant to review the plan. The consultant concludes that MetaCorp’s strategic plan is inadequate. Which of the following is a likely reason for the consultant’s conclusion?
  L4 p' G( {; t7 TA)
9 j7 n" ~0 H; c% c8 \An 18 percent market share is sufficient to create a sustainable competitive advantage.
B)
An 18 percent market share is too large to create a sustainable competitive advantage.
C)
Market share goals are not a competitive strategy.
6 `, u8 O9 a& k' O+ W% m' h7 YD)
The market share goal must be considered in relation to the number of competitors.

Kakashi_8

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