兼并收购概念理论之一：概览和购买策略(100分答案)yay

1 . If Thai Petrochemical (Thailand) acquires a United States petrochemical firm at a reasonable price, the P/E multiple of Thai Petrochemical might increase. Why（如泰国石化以合理的价格收购美国石化公司，泰国石化的P/E倍数可能会增加。为什么）?

• A.PTT becomes a more risky company with a U.S. deal. This means the PTT

stock is more attractive(PTT通过美国交易成为风险更高的公司。这意味着PTT股票更具吸引力)

• B.U.S. firms have less political and currency risk than Thai companies. This

means PTT stock is more attractive(美国公司的政治和货币风险要低于泰国公司。 这意味着PTT股票更具吸引力)

我的答案： B

2 . Why does a management team want to grow a company(为什么管理团队想要让一家公司成长)?

• A.Growth companies receive higher value multiples in the stock market(成长

型公司在股市中获得更高的估值倍数)

• B.A growing company retains the best employees(成长型公司保留最优秀的员

工)

• C.A growth company is less likely to be a hostile takeover(成长型公司不太可能

被敌意收购)

• D.Growth companies generate positive cash flow and high internal rate of

return(成长型公司产生正现金流和高内部收益率)

• E.Growth companies expand internationally(E.成长型公司在国际上拓展)

我的答案： A

3 . Which growth tactic is more risky from an operational point-of-view(从运营角度来看，哪种增长策略更具风险)?

• A.Growing a business through Mergers and Acquisitions(通过兼并和收购发展

业务)

• B.Growing a business through new product development(通过新产品开发拓展

业务)

我的答案： B

4 . On a global basis, the merger and acquisition business is（在全球范围内，并购业务是）:

• A.A high-growth business（高增长业务）

• B.A defensive business（防御性业务）

• C.A cyclical business（周期性业务）

• D.A hi-tech business（高科技业务）

我的答案： C

判断题（共1题，每题 20分）

1 . On a global basis, most acquisitions are smaller than US$100 million.（在全球范围内，大多数收购交易金额少于1亿美元。）

对 错

我的答案： 对