Virtual Data Rooms(VDR) are intended to replace the traditional paper-based data room and the challenges of keeping such information current and secure.Documents stored in VDRs are searchable and bidders have easier and more rapid access to the specific information they are seeking. However, it has one major limitation and that is

	A.	All of the above
	B.	Expensive to host and security setup is hard for cross border acquisitions
	C.	Inability to meet in person the management field of the unit to be sold
	D.	It has a limit to the number of people who can access it per DOJ'sregulations

Match the following choice of legal entities:

- A. B. C. D. E. F.	High liability risks
- A. B. C. D. E. F.	Desire of continuity of existence
- A. B. C. D. E. F.	Owners who are also active participants
- A. B. C. D. E. F.	Strategies that are easily replicated
- A. B. C. D. E. F.	Close coordination among participants not required
- A. B. C. D. E. F.	Low risk/low capital requirements

A.	C corp,LLP,or LLC
B.	C corp
C.	Franchise
D.	Written "arms-length" agreement
E.	Sole proprietorship or partnership
F.	LLC

Parent firms with a high tax basis in a business may choose to spin-off the unit as a tax-free distribution to shareholders rather than sell the business and incur a substantial tax liability.

True

False

____ refers to a high level of discretionary authority granted by owners to those managing the organization and is most often used when the JV is large or complex enough to require a separate or decentralized management structure.

	A.	General partnerships
	B.	Managerial autonomy
	C.	Limited control partnerships
	D.	Private limited liability partnerships

For developed countries, the _______________ theory provides a useful framework for estimating future spot exchange rates. The target's cash flows can be converted into dollars by forecasting future dollar-to-eurospot rates.

	A.	spot exchange rate
	B.	Currency equalizer multiples
	C.	GDP deflator
	D.	Interest rate parity