Busıness Fınance II (ENG)
2020–2021 Yaz Okulu Çıkmış Soruları
- 20 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1Which characteristic of the multinational corporations teaches new skills to the workforce and provide the much-needed money to the domestic population?
- AInternational Operation
- BDevelopment
- CCollective Transfer of Resources
- DEfficiency
- EOligopolistic Structure
- 2I. The basic terms of the bonds Il. The total amount of bonds issued Ill. The number of vote rights IV. The repayment arrangements Which of the above are the provisions that the bond indenture generally includes?
- AI and Il
- BIII and IV
- CIl and |I
- DI, II, and IV
- EI, IlI, and IV
- 3Which of the followings is a sale of all of a company or all of a business/product line to another party in exchange for cash or securities?
- AConsolidation
- BAcquisition
- CDivestiture
- DBusiness alliance
- EHostile takeower
- 4Which of the following is not one of the factors effecting evaluation of a real option?
- AUncertainty of the project's cash flows
- BRisk-free interest rate
- CExternalities stem from the project
- DPresent value of cash flows from the project
- EProject's useful life
- 5Which of the following was the main reason of mortgage crisis happened in 2007-2008?
- AMarket Risk
- BCredit Risk
- CGlobal Risk aof.sorula
- DOperational Risk
- ELiquidity Risk
- 6Which capital structure theory model assumes that the cost of debt, the WACC and the value of the firm is irrespective of financial leverage?
- ATraditional Approach
- BTrade-Off Theory
- CNet Income Approach
- DNet Operating Income Approach
- ESignaling Theory
- 7Which of the following term refers to cash outlays that already have been incurred and that cannot be recovered regardless of whether the project is accepted or rejected?
- AAmortization
- BDirect costs
- COperating costs
- DVariable costs
- ESunk costs
- 8Which of the followings is a form of business combination between two firms of which one them is a supplier, or a customer to another?
- AHorizontal M&A
- BCross-border M&A
- CCongeneric M&A
- DVertical M&A
- EConglomerate M&A
- 9Which of the following is an agreement by two or more companies, one or more is foreign, to produce a product or service together?
- AExporting
- BLicensing
- CFranchising
- DInternational Joint Venture (IJV)
- EContract Manufacturing and Service Provision
- 10Which of the following is the risk of loss, resulting from inadequate or failed internal processes, people and systems or from external events?
- AOperational Risk
- BInternational Risk
- CLiquidity Risk
- DMarket Risk
- ECredit Risk
- 11Value of the firm is $5.25 million, its unlevered value is $4.1 million, and the financial distress costs are $160,000 and $340,000. According to these data, what is the value of the tax shield of the firm?
- A$1,490,000
- B$1,310,000
- C$1,150,000
- D$990,000
- E$810,000
- 12DUO Corp. has a historical beta of 1.38 and the expected market return is 13%, whereas the risk-free rate is 4%. According to above data, what is the required return of the stockholders of DUO?
- A19.72%
- B17.63% f.SO l
- C16.42%
- D15.51%
- E13.42%
- 13I. Nature of the business Il. Size of the company II. Inventory management IV. Marketing mix of the company Which of the above are the factors affecting the cost of capital of a company?
- AI and Il
- BI and III
- CII and III
- D1, and Ill
- EII, Ill and IV
- 141. Sunk costs II. Variable costs Ill. Externalities IV. Asymetric information Which of the above are problematic areas tha tare not always very easy to identify related t o incremental cash flows which should be inc luded in the evaluation?
- AI and I
- BI and |i
- CII, and IV
- D1, II, and IV
- EII, Ill, and IV
- 15Which of the following refers to a tendency of a company to attract a set of investors whose particular needs for current versus future cash flow match with company's dividend payouts?
- AClientele effect
- BResidual dividend policy
- COwnership dilution
- DPreferred stock restriction
- EImpairment of capital rule
- 16Which of the following is the main goal of the investment and financing decisions for the company?
- ATo ensure sufficient stocks are available
- BTo maximize the shareholder's wealth
- CTo maximize the sales revenue
- DTo distribute excess funds
- ETo make cash distributions
- 17This approach assumes an optimal capital structure where the WACC is minimized and the value of the firm is maximized. The model suggests that up to a certain level of leverage, the use of debt financing reduces the WACC, but after that optimal level, the WACC escalates depressing the firm value. Which capital structure theory model is defined above?
- AModigliani and Miller Capital: Structure Theory
- BNet Income Approach
- CSignaling Theory
- DNet Operating Income Approach
- ETraditional Approach
- 18DFE Corp. will issue new common stock to finance a replacement. The existing common stock paid a $6.25 dividend per share, and dividends are expected to grow at a constant rate 5%. The stock sells for $50, and flotation costs of 3% will be incurred on new shares. According to above data, what is the cost of new common stock?
- A15.84%
- B16.53% •net
- C18.53%
- D19.04%
- E19.42%
- 19Which of the following happens if a company has a high distribution and payout ratio?
- AIt repurchases stock to distribute excess tunds.
- BIt specifies a price range that it is willing to pay.
- CIt distributes low dividends, but regularly repurchases stocks, leading a low dividend yield.
- DIt buys shares from the lowest priced offers.
- EIt pays large dividends and has a small or zero stock repurchases.
- 20Which of the following is an action taken by a company to increase the number of shares outstanding?
- ABuyback
- BStock split f
- CRepurchase
- DClientele effect
- ETender offer