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

Kakashi_8

Question：36 - 27854
; z/ C1 `, C# s- J7 wWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
A)
1 R4 ^, t0 L+ u+ ~. @9 C5 fprovide managers greater job security.
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: Z5 g. _! y3 n/ [9 q3 qmay start a bidding war for the firm’s shares.
0 Q! Q; ^6 Q1 x' ^C)
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.
* F, T4 Y8 _  e' e3 f. R9 }5 sQuestion：37 - 27901
Which of the following statements regarding internal capital markets is FALSE?
A)
5 f( Z& I1 _+ pPolitical obstacles are likely to exist in efficiently allocating resources.
, c' h8 A0 ~# P6 n" j: ]B)
* O' I9 m5 P; v- q8 g7 j; dManagement can channel free cash flow from mature business lines to high growth ventures.
C)
4 V" o) f, B$ ?' x8 E6 U4 xThe firm can credibly signal the quality of new ventures.
# n; C0 O& j3 T, m- FD)
The firm can save money by not issuing securities in the capital markets.

Question：38 - 9865
  B: ~5 l  w0 [. L* C4 t9 f9 }Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
A)
) Z: f) c( D, y" ttoo low.
$ ]0 y2 n+ K* z! k7 t% EB)
- _, B! Y) G& b4 ]- D& {can't tell from this information.
) w  M$ P1 u2 ZC)
: W0 Y/ \  p% D0 W9 {* ]too high.
D)
1 O0 F7 }6 ^( S$ w; u2 r3 z" r5 o! Uvery accurate.
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6 d* Q) V' {: C/ b* u2 CQuestion：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
; Y0 j0 d" B' \- _  j: UA)
; B, a' `' `6 l% r, z+ zrelative value.
; O3 g& F; Q7 I) h& u: bB)
future value.
C)
, B8 O0 G0 M' i* N& M, T. _, Dintrinsic value.
D)
market value.

& I6 q) v* b! S3 |% s3 Q9 j: R& EQuestion：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?
A)
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.
! U* r7 V' D6 O! n) n* Q4 t# B* r7 }C)
$ c6 P1 z; g7 xMarket share goals are not a competitive strategy.
D)
; ^# z- R4 ~  s# w9 r- U- S. n' nThe market share goal must be considered in relation to the number of competitors.

Kakashi_8

# S& J& i1 u. v答案和解答详解如下：
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