[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:
( e- ?! A- o4 `- m5 ^& |A)
1 x. ]* l5 U$ x% \4 hprovide managers greater job security.
B)
6 @- o' x8 T: P! s) mmay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.
Question：37 - 27901
2 N8 a- |$ @) ]. E' Z2 wWhich of the following statements regarding internal capital markets is FALSE?
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Political 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)
( A1 {( d- B6 E3 c+ VThe firm can credibly signal the quality of new ventures.
D)
The firm can save money by not issuing securities in the capital markets.
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, o+ m" B$ d/ J& [Question：38 - 9865
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
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' C3 u( o  E+ ?6 Z! gtoo low.
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can't tell from this information.
C)
too high.
D)
very accurate.


Question：39 - 9849
8 M, w6 s& A/ B5 R8 A' kThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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2 M7 @2 w. H9 N, Q: xrelative value.
& s" [8 J, I* G- BB)
  C2 ]- ^5 i2 r- x/ dfuture value.
C)
6 Q; i$ m( T% |! d5 C9 \intrinsic value.
D)
5 a) ]/ j4 C) a% P# ~: Jmarket value.
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Question：40 - 9947
( p1 r1 j+ u2 c. pRoger 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?
A)
8 s" u) r, u* n/ l  M, R+ T# E$ tAn 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)
" E9 _' m: w: x9 y, r$ jMarket share goals are not a competitive strategy.
D)
7 f" `) R2 k) i, I$ }7 h1 n) KThe market share goal must be considered in relation to the number of competitors.

Kakashi_8

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答案和解答详解如下：
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