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Question：36 - 27854; E! R; N/ @7 ?5 b* V# i5 ?7 r1 q
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:4 |5 ~# {! i: s( B$ m) T' H
A)
$ f& t7 k+ F" `3 t6 ?# d9 Wprovide managers greater job security.5 G5 V9 S9 J- j3 ^7 W
B)( Q+ u4 J1 L$ c- @) D5 T
may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.
8 f! P4 W! J: u) p! U# ?- nQuestion：37 - 27901
i; x* f. u* [ L6 c5 d1 }3 {& JWhich of the following statements regarding internal capital markets is FALSE?- v8 ` Z/ i/ ^! i1 s* a
A)" W0 w1 J( @1 ^9 o/ t& U
Political obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures.' S W4 H; X, Z
D)
0 c2 P" g+ ?: M+ k0 v$ N8 uThe firm can save money by not issuing securities in the capital markets." E* A U/ ^# U8 x* {
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Question：38 - 9865
0 m D3 K9 S; Y8 W* FOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
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too low." Q3 \: _$ ^6 Q' @
B)
$ r2 g/ k) t4 k( g/ y1 Kcan't tell from this information.
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too high.! s+ ~, o) Q: E5 S# p0 a
D)) _, d( L' ^7 j
very accurate.
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# p3 C5 s1 E, r; j- sQuestion：39 - 9849
, a# |5 @8 w$ u( N1 P2 VThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:4 Z. C( ?- m: _8 f; ^) ^) p
A)
& S$ E* z' c# ~$ }- |' Zrelative value., V$ _+ k6 j. x0 J4 q
B)
2 d* Y, y" L5 Y- A7 k8 _' [/ nfuture value.7 b* L& j! K: U* h
C)$ x/ b9 ]5 H) K0 a% @! b/ h
intrinsic value.
( T1 }' b; h2 fD)
" [/ B* B! z3 c# l; v x; lmarket value.- w! m/ g6 t% v9 d8 s8 w9 v# g
6 J& A: |! s' ]% }$ ?Question：40 - 9947
2 d- {. }; W% J6 ^4 J1 P# K% w- c3 ~Roger Miller is the CEO of MetaCorp. MetaCorp is attempting to implement a strategic plan to establish a sustainable competitive advantage. The main thrust of the plan is to achieve a market share of at least 18 percent. Miller hires a strategy consultant to review the plan. The consultant concludes that MetaCorp’s strategic plan is inadequate. Which of the following is a likely reason for the consultant’s conclusion?
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x% z) k5 J- v& n* S r4 C4 ~An 18 percent market share is sufficient to create a sustainable competitive advantage.; z7 s' f% Y4 [6 l) R! x, J$ l
B)
! C& o8 f2 F& z2 U) ^* J) eAn 18 percent market share is too large to create a sustainable competitive advantage.
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Market share goals are not a competitive strategy.& |( z8 v4 _9 k' O
D)
+ S8 k7 L$ D3 q) Y1 cThe market share goal must be considered in relation to the number of competitors." C% O' B9 A# T& e' l- n5 \0 L
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
