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

Kakashi_8

Question：36 - 27854
6 j& M9 ~' G" J1 M0 I; v, U( w- OWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
A)
+ q7 n$ E* p5 a/ x1 Oprovide managers greater job security.
" i* s. {& Y, |) fB)
- T- h( U3 \$ j* k( Rmay start a bidding war for the firm’s shares.
C)
change the firm’s legal status from public to private.
D)
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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Political 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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  R% v! v% u+ zThe 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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# X. G9 Q3 X3 q# M  aQuestion：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.
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7 C" y6 p% y' x: y4 R9 Z9 p; Yvery accurate.

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. ]& U. M9 v. f; ~1 D, RQuestion：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.
: H- }( j0 _; h8 m* [, }B)
1 y7 S* X( j- N) M+ T& Kfuture value.
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" p, B5 F! e, d. aintrinsic value.
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0 [' B) U# s' S: n# N7 ~/ Amarket value.

Question：40 - 9947
3 T9 \! ?7 U  k8 dRoger 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.
C)
& b$ _# F% U/ |: k9 h4 [Market share goals are not a competitive strategy.
8 H+ Q1 r2 h. w) k7 e/ a/ AD)
The market share goal must be considered in relation to the number of competitors.
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Kakashi_8

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