C22054S 并购实施
【第一部分 单项选择】
1:Which of the following reasons is generally not considered to be a good reason for making an acquisition?
以下哪一个原因通常不被认为是进行收购的好理由? A
A.Theacquirerwilldiversifyitssourcesofrevenuebymakingtheacquisition.收购方将通过收购使其收入来源多样化。
B.Theacquirerwillbeabletoreducecostsofthemergedbusiness.收购者将能够降低合并企业的成本。
C.Theacquirerwillreachnewdistributionchannelsbyacquiringthetarget.收购方将通过收购目标达到新的分销渠道。
D.Theacquirerwillobtainthenewproductofferingsofthetargetmorequicklyorinexpensivelythaniftheyweretobedevelopedorganicallybytheacquirer’sorganization.与由收购方重头组织开发新产品相比，收购方将更快或更便宜地获得目标公司的新产品。
2:“Implementation” in this module is best described by which of the following statements?
本模块中的“实施”最好用以下哪一项陈述来描述？ 添加微信查看全部答案
A.Theintegrationofanacquisition收购的整合
B.Implementingaregimenofmetricsthatareassignedtoemployeesintheorganizationofafirmtomeasuretheireffectivenessinachievinggoalstoimprovethefirm’scashflows实施分配给公司组织中员工的指标方案，以衡量其实现目标的有效性，从而改善公司的现金流
C.Thecalculationofanaccuratecostofcapitalforeachofthefirm’sindividualoperatingunits计算每个公司各个运营单位的准确资本成本
D.Theimplementationofarigorouscapitalbudgetingapproach实施严格的资本预算方法
3:The present value of a $1,000 perpetuity growing at 2% annually, and assuming a 10% discount rate is:
1000美元的永续年金以每年2%的速度增长，并假设10%的贴现率，其现值为: 添加微信查看全部答案
A.$10,000
B.$12,500
C.$14,400
D.$15,000
4:Which of the following is not an example of a Free Cash Flow regimen being implemented to multiple functions and levels in a corporation?
下面哪一项不是一个自由现金流方案被实施到一家公司的多个职能和层级的例子? 添加微信查看全部答案
A.Themarketingdepartmentbeingmeasuredandcompensatedbasedpartlyontheaccuracyoftheirorderforecasts.对市场部门的绩效绩效考核，部分基于他们订单预测的准确性。
B.Manufacturingoperationsupervisorsbeingmeasuredandcompensatedpartlyonthepercentageofdefectivecomponentsmanufactured.对生产运营主管的绩效考核，部分基于生产部件残次率。
C.Theaccountingdepartmentsearchingfor,andimplementingaccountingpoliciesthatallowfavorablerevenuerecognitionforthecorporation会计部门寻找并实施有利于公司收入确认的会计政策
D.TheCreditandCollectionsdepartmentbeingmeasuredandcompensatedpartlybasedonthemeasureofAccountsReceivableDaysOutstandingattheendofeachmonth.信用和催收部门在每个月底以未清偿应收账款为基础进行部分绩效考核。
5:To be effective in improving the firm’s cash flows, the determination of a metric or driver that can be assigned to an individual or department within the firm should include all of the following characteristics except:
为了有效地改善公司的现金流，确定可分配给公司内个人或部门的指标或驱动因素应包括以下所有特征，除了： 添加微信查看全部答案
A.Themetricmusthaveanimpactonthecashflowofthefirm该指标必须对公司的现金流量产生影响
B.Themetricmustbeunderthecontroloftheindividualordepartmentitisassignedto衡量标准必须受其分配的个人或部门的控制
C.Themetricmustbemeasurable指标必须是可衡量的
D.Themetricmustbeanaccountthatisincludedinthefirm’sfinancialstatements该指标必须是公司财务报表中包含的科目
