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

Kakashi_8

Question：36 - 27854
2 R' |3 u6 Y$ _/ l$ ~$ b* F- dWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
A)
provide managers greater job security.
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may start a bidding war for the firm’s shares.
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- x5 n3 {2 r: X; jchange 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
Which of the following statements regarding internal capital markets is FALSE?
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3 H8 {, e! \$ F1 KPolitical obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures.
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The firm can save money by not issuing securities in the capital markets.

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:
A)
too low.
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can't tell from this information.
C)
too high.
D)
' n3 U, \% F5 E# I9 v$ Every accurate.

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Question：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
A)
. T0 {3 K* L) nrelative value.
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! `) I6 L& k. S: V+ [8 ]future value.
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intrinsic value.
D)
, b6 I2 `5 [) T1 b( \* @market value.

  ?. A+ q$ i, m8 u" H8 @1 Z. gQuestion：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?
/ `; t& _6 U- rA)
An 18 percent market share is sufficient to create a sustainable competitive advantage.
B)
+ A7 N* e  G) c2 a# Q% U# U. N4 PAn 18 percent market share is too large to create a sustainable competitive advantage.
C)
, B* X+ y- y) H$ DMarket share goals are not a competitive strategy.
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The 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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