[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:
9 z; R' _# G/ k: jA)
* m* p; Q5 J; P) `. q' R/ ^! zprovide managers greater job security.
B)
# z* Z6 t8 g+ Omay start a bidding war for the firm’s shares.
8 O7 U7 r  I! c+ S5 P8 F' ^4 cC)
( g0 g* y; C9 d  f: cchange the firm’s legal status from public to private.
: C. ?2 v3 S% b3 [( K4 f1 KD)
. e0 n/ g! y: f7 F' mforce the acquirer to negotiate directly with the firm’s Board of Directors.
+ Q2 ~4 X1 k, N% O- eQuestion：37 - 27901
0 A  r, k1 v) s3 R0 y3 P; DWhich of the following statements regarding internal capital markets is FALSE?
A)
Political obstacles are likely to exist in efficiently allocating resources.
B)
" `/ s/ h) j3 `7 J6 u  l  ~Management can channel free cash flow from mature business lines to high growth ventures.
+ O3 E* m- H( z7 c: N! f$ MC)
The firm can credibly signal the quality of new ventures.
D)
# s# S- q! i% n0 Q9 q9 o$ KThe firm can save money by not issuing securities in the capital markets.

0 E/ X$ y4 G# ?1 x4 ZQuestion：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)
8 n/ t7 t! c  U0 h- K8 ltoo low.
) }+ H/ d' }8 w& p( wB)
, ^1 ]1 f$ A7 W: b% K  ]+ ccan't tell from this information.
$ }8 t' s# ?. R6 K2 _C)
too high.
( C" o$ f( |/ X* q8 UD)
/ r/ @9 n# B$ _: ~. dvery accurate.


Question：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
: {) y9 x$ B# {2 ~$ QA)
( }. m, I1 _6 f* a. [relative value.
: z+ p0 O% k3 H8 k/ g/ XB)
future value.
0 K+ G, w% |* E# E9 F0 Z3 |( jC)
8 z  Z8 V+ Z" c( A( G0 J" Mintrinsic value.
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market value.
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# ^4 i9 [+ a8 bQuestion：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)
, O, p3 m# i6 Y/ g. m5 yAn 18 percent market share is sufficient to create a sustainable competitive advantage.
9 q/ _0 g% Z! b0 U. g8 v' H+ DB)
An 18 percent market share is too large to create a sustainable competitive advantage.
C)
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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  p) x! D7 Z, f答案和解答详解如下：
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