Deneme Sınavı Soruları

A decentralized corporation with a strong presence in its home country

A global, centralized corporation that acquires a cost advantage where cheap
resources are available

A global company that builds on the parent corporation’s research and development
efforts

A transnational enterprise that uses all three categories.

A decentralized corporation with a strong presence in its contiguous  country 

Risk

Probability

Expected return

Average return

VaR

Closing in M&A activity

Negotiation in M&A activity

First contact in M&A activity

Developing the integration plan in M&A activity

The search process in M&A activity

Alfa

Standart deviation

Beta

Variance

Market risk premium

Dividend irrelevance  hypothesis

Repurchases hypothesis

Buyback

Sellback

Purchaseback

Shareback

Takeback

The date the board of directors announces to pay the dividend.

The company will pay the dividend only to the registered shareholders of record on a specific date.

The date two business days before the date of record.

The company sends a dividend check to each of the registered shareholders at the date.

The distribution of earnings to shareholders by repurchasing shares of its stock date.

Nominal efecttive exchange rates

Ordinal exchange rate

Ordinal effective exchange rate

Real exchange rate

Real effective exchange rate

Exporting

Licensing

Franchising

Contract manufacturing

International Joint Venture

Futures

Forward

Derivative

Speculating

Hedging

Expected Shortfall

Probability

Expected Return

Liquidity Coverage Ratio

Validation

Ownership dilution

Constraints on dividend payment

Effects of dividend policy on the cost of common stock equity

Alternative sources of capital

Investment opportunities

LIBOR

Convertible bond

Floating rates

Risk premium

Option

As a source of finance, retained earnings include floatation costs.

When the retained earnings are used, companies need to pay both the interest and the dividend. 

Retained earnings prevent the financial structure from remaining completely flexible. 

They provide opportunities for evasion of excessive tax when it has a small number of  shareholders.

In retained earnings, the cost of capital is much more expensive than other sources of finance.

The model assumes that the cost of debt, the weighted average cost of capital (WACC) and the value of the firm is irrespective of financial leverage.

Net operating income is a calculation used to analyze the profitability of real estate investments that generate income.

The net income approach is the proportion of debt and equity in which a corporate finances its business.

The net income approach advocates that a firm can boost its value by lowering its the weighted average cost of capital (WACC), which is possible by increasing financial leverage in its capital structure.

The income approach to measuring gross domestic product (GDP) is based on the accounting reality that all expenditures in an economy should equal the total incomegenerated by the production of all economic goods and services.

Debt is an ownership interest in the firm. 

In debt, creditors generally have voting power. 

Payment of interest on debt is fully tax deductible. 

Unpaid debt is a liability of the creditors. 

One of the costs of issuing equity is the possibility of financial failure.

Adjusted cash flow

Adjusted discount rate

Profitability index

Net present value technique

Real options

I and II

I and III

II and IV

II, III and IV

I, II, III and IV

Equity financing provides a tax shield. 

Cost of debt financing increases with bankcuptcy risk. 

Cost of capital depends on the capital structure as well as cost of debt financing and cost of equity financing. 

Value of the debt of a company depends on the cost of debt financing. 

The smaller the tax rate, the smaller the after-tax cost of debt financing.