最新なIFPUG ABV問題集（344題）、真実試験の問題を全部にカバー！

質問 1：
is a specialized classification of intangible and its categories are creative
(e.g.
copyrights) and innovative (e.g. patents).
A. Intellectual rights
B. Both A & B
C. Intellectual capital
D. Intellectual properties
正解：D

質問 2：
Estate taxes become a problem only to the extent that:
A. Estate's value becomes equal to the amount separated from funding
B. The estate's value exceeds the amount exempted from estate taxes
C. Estate's value exceeds the amount separated from funding
D. The estate's value does not exceed the amount exempted from estate taxes
正解：B

質問 3：
There are some factors that determine whether the buy-sell agreement is conclusively binding for estate tax purposes. Which of the following is/are out of those factors?
A. The value may not reflect those typical of arm's length transactions in the subject company's industry
B. The value established in the agreement must have been an adequate and fair price at the time the agreement was executed
C. The agreement must restrict the transfer of the securities to the buy-sell price during the owner's life as well as at death.
D. There must be a valid business purpose for establishing the agreement
正解：B,C,D

質問 4：
applies option pricing methods to value economic projects, companies, and financial securities. Just as option pricing models incorporate the flexibility of option holders' decision as to whether and when to exercise an option by paying the exercise price.
A. Return option valuation
B. Valuing the built-in gains
C. Real option valuation
D. Corporation based valuation
正解：C

質問 5：
The valuation opinion repot will typically include the following sections EXCEPT:
A. A valuation opinion letter summarizing the valuation procedures and conclusions
B. A listing of the data and documents relied upon by the appraiser
C. legal case documents
D. Several sections summarizing the relevant valuation theory, methodology, procedures, analyses, and conclusions
正解：C

質問 6：
The same general processes and decision criteria apply to both (1) deciding on whether or not to rely on any particular valuation multiple at all and (2) deciding on the relative weight to be accorded each valuation multiple ultimately used in reaching the opinion of value. A study of the transactional data may lead to greater of lesser reliance on certain valuation multiples than one might have expected prior to compiling the data. All of the following are considered in impact of guideline transactional data evaluation EXCEPT:
A. Comparability of data patterns
B. Comparability of data measurement
C. Apparent business reliance
D. Number of data points available
正解：C

質問 7：
When using the elements of both the asset accumulation method and the capitalized earnings method in the same valuation, the analyst should pay particular attention to the selection of:
A. Both Aand B
B. The capitalization rates used in the excess earning component of the valuation
C. The required rates of return
D. Identification of assets and liabilities on cost basis
正解：A

質問 8：
Because of the advanced features (protected by the several patents), Seller management estimates that:
A. Seller sells more widgets than it otherwise would
B. Seller has a greater market share than it otherwise would
C. Seller's average selling price per unit is higher than its competitors' prices
D. Seller has short-term supply contract supply contract with the key supplier
正解：A,B,C

質問 9：
Stated in
nontechnical terms, is the uncertainty of future returns resulting from the sensitivity of the return on the subject investment to movements in the return on the investment market as a whole.
A. Equity risk
B. Systematic risk
C. Investment risk
D. Unsystematic risk
正解：B