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

Kakashi_8

Question：36 - 27854
9 i! G8 [& _* o6 B8 i) P8 `Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
B)
% O: o. O, C2 P* b9 amay start a bidding war for the firm’s shares.
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$ O& S/ h% q* K# qchange the firm’s legal status from public to private.
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1 ^+ _/ S: T. N3 Aforce the acquirer to negotiate directly with the firm’s Board of Directors.
3 r" c1 o+ J9 c% u- JQuestion：37 - 27901
8 {. E: \8 Q4 A5 j2 N* B0 v! _Which of the following statements regarding internal capital markets is FALSE?
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& |. o6 n: P8 q, jPolitical 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)
, v* W) g' w4 L3 C( ^4 VThe firm can credibly signal the quality of new ventures.
8 ?9 S0 _) y% Q4 y6 bD)
The firm can save money by not issuing securities in the capital markets.
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$ z. b+ K* W7 gQuestion：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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4 @3 b* S$ S6 i6 G7 vtoo low.
B)
can't tell from this information.
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6 s! K5 O- K8 z0 }* E7 etoo high.
D)
, i9 ^) W+ |- _& R  R4 c" pvery accurate.

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Question：39 - 9849
( i) Z3 k) s7 W! c: W# F! |5 oThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
A)
; R' L/ D) O$ m- Q7 V: n# Z; T% D9 srelative value.
B)
future value.
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$ v# H2 Q7 H. qintrinsic value.
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market value.

Question：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.
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An 18 percent market share is too large to create a sustainable competitive advantage.
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. |5 R) k; N" aMarket share goals are not a competitive strategy.
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/ B5 c& M# T, q, s" e2 S& `! lThe market share goal must be considered in relation to the number of competitors.

Kakashi_8

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