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

Kakashi_8

Question：36 - 27854
( V) W! w; b4 o7 @5 `Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
A)
' a) `* l. u7 }4 T9 z$ I* ?1 Lprovide managers greater job security.
. N) X9 {3 m0 g% o9 F- CB)
& Q) X2 J0 ~9 H' c+ Kmay start a bidding war for the firm’s shares.
C)
8 F# W- {! ~3 t; R. K% gchange 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
: D3 _+ s* d: f( WWhich of the following statements regarding internal capital markets is FALSE?
" ?' @" J9 f5 d* m8 l- ~/ nA)
8 X5 g3 \. f* C/ l, e" h5 `0 jPolitical obstacles are likely to exist in efficiently allocating resources.
0 @8 a4 n- q8 UB)
Management can channel free cash flow from mature business lines to high growth ventures.
C)
6 L" c) i( p9 c1 l% HThe firm can credibly signal the quality of new ventures.
5 N% H+ r! u2 w, n- {+ J3 ID)
/ \1 ?; g% N& c% EThe 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)
8 G3 \  m/ \. T/ etoo low.
B)
can't tell from this information.
C)
too high.
; ]6 h7 X7 ?% h/ r1 aD)
very accurate.


7 L3 M5 `& |9 GQuestion：39 - 9849
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
A)
0 g7 `6 c9 K# ^2 }8 _- hrelative value.
, {" S0 G' @. \) W2 QB)
- i# T8 [+ Z5 T9 B+ f, tfuture value.
C)
intrinsic value.
- ?% u; b+ B/ w" bD)
! ?8 b% j# w5 A1 G$ G" Bmarket value.

Question：40 - 9947
( h2 M6 e' ^: b% _2 F% V) wRoger 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?
. w- V/ M4 ?- X( D0 TA)
An 18 percent market share is sufficient to create a sustainable competitive advantage.
) b6 w* g. l. t! d# Z* @1 D- D- E8 ]. TB)
An 18 percent market share is too large to create a sustainable competitive advantage.
C)
, w2 `5 M7 r4 F# f6 T- p8 AMarket share goals are not a competitive strategy.
D)
The market share goal must be considered in relation to the number of competitors.
7 Z; u6 m: ^% e0 _: d4 H$ j0 q( _

Kakashi_8

# @" }- m& Q* X0 _答案和解答详解如下：
$ D, ^$ {% A, ?8 I) G4 K/ {
( D, b  @% }, w; {

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