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

Kakashi_8

Question：36 - 27854
  X+ T9 r9 d9 E; |5 H. cWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
, T, e1 u/ s/ P1 F9 ]A)
$ o' ^8 L4 i, I# e1 K6 Eprovide managers greater job security.
B)
. \" p& @- u/ ]3 Ymay start a bidding war for the firm’s shares.
C)
) r. Y9 A: B. k1 H! J4 V$ s- Pchange the firm’s legal status from public to private.
D)
% F" e+ ]0 a) n1 G& U, Fforce the acquirer to negotiate directly with the firm’s Board of Directors.
Question：37 - 27901
9 d0 S) j  Q2 ], v# O& BWhich of the following statements regarding internal capital markets is FALSE?
. v4 Q6 }5 ]- n/ @% |0 Y, }7 q6 WA)
: {& D3 H. G* KPolitical obstacles are likely to exist in efficiently allocating resources.
B)
Management can channel free cash flow from mature business lines to high growth ventures.
C)
+ X3 G8 N1 l& HThe firm can credibly signal the quality of new ventures.
$ ~, c0 \8 G* w9 SD)
The firm can save money by not issuing securities in the capital markets.

2 ]/ z$ S3 ~) c2 W8 HQuestion：38 - 9865
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
) |" X- w5 O. J" \A)
" }9 \% j& h4 t4 D- ?" utoo low.
B)
can't tell from this information.
C)
* @* k' T$ B" O) O" H8 e- dtoo high.
D)
. C2 C+ i8 ~* M) R  f! a# overy accurate.
2 T. o8 f, R( a% V

/ W) L9 _$ Z/ M+ D8 ^4 NQuestion：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
$ x% t, S; f" f5 R4 Q$ q4 B* EA)
relative value.
B)
future value.
9 C0 e; r2 S1 `. ^+ x8 YC)
! p' U5 e2 O  Y( C& ?; ^intrinsic value.
D)
market value.

  i# H" U/ s' Y2 E" xQuestion：40 - 9947
0 D( R$ x8 x! RRoger 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?
' n6 ~' j- }2 Y9 IA)
An 18 percent market share is sufficient to create a sustainable competitive advantage.
& S$ X  E6 X2 xB)
0 `1 O! r8 ]3 O8 `An 18 percent market share is too large to create a sustainable competitive advantage.
0 c3 i% }) ]8 ]0 ~. ~" Y+ jC)
Market share goals are not a competitive strategy.
D)
The market share goal must be considered in relation to the number of competitors.

Kakashi_8

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