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Question：36 - 27854. C* \. e1 Z3 y" j& |
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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& X. t! L; r) k& h( q& wprovide managers greater job security.
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may start a bidding war for the firm’s shares.1 W0 t! Q7 {( M9 F9 K9 v, `7 E
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change the firm’s legal status from public to private.
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- y3 Q- ~; W& ?" r' u8 q- Hforce the acquirer to negotiate directly with the firm’s Board of Directors.& C" ^: u3 i+ I, V
Question：37 - 27901 i: o5 d3 a. v
Which of the following statements regarding internal capital markets is FALSE?: b0 w& c& j% G+ \+ J
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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.& }$ y8 F3 y: e: W
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The firm can credibly signal the quality of new ventures.
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- |; F8 M. Q4 F$ g% U. tThe firm can save money by not issuing securities in the capital markets.1 A8 o7 L% U7 `' R R( E$ z3 q3 H
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Question：38 - 98657 [1 g4 z+ a8 z$ ~ J4 Q
Overestimating 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.1 W( {$ p0 ?# @2 W" l0 @
B)
, @$ L) s2 Q0 {2 k% h+ `can't tell from this information.
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too high.
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very accurate.
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Question：39 - 9849
+ L. n) d- D* S* T! JThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.
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9 K+ k, _$ W: W/ Q" Cfuture value." x' ?5 R5 H q1 Y: T
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intrinsic value.# q3 ~8 O- q2 ?$ s$ I. I$ A9 [
D)
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# k2 J' [2 {$ e7 P" |) d3 b# ]3 S, Y1 _Question：40 - 9947
1 p0 |) b {% R! xRoger 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?7 z: v6 N' |# E+ m
A)
2 }+ ^4 a8 ?. p' N9 R3 LAn 18 percent market share is sufficient to create a sustainable competitive advantage.& V' [' A! v& x
B)2 k) ], |8 f- |( P* B
An 18 percent market share is too large to create a sustainable competitive advantage.) E: r1 O0 F' C! W5 f' S
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Market share goals are not a competitive strategy.
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The market share goal must be considered in relation to the number of competitors.
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
