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Question：36 - 27854
. u4 C# O9 D0 x& C) B OWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:1 ^" N% U/ U7 W! S# y+ l8 p7 i
A)
0 t6 j& D: f8 g5 n' {provide managers greater job security.
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may start a bidding war for the firm’s shares.7 y) @3 p" Z2 j5 R, S* e, R: F
C)9 r# D& l) x5 @( l1 R. m
change the firm’s legal status from public to private., `5 T* a8 F! m
D)
& s. M9 M- W% Vforce the acquirer to negotiate directly with the firm’s Board of Directors.- h3 z: p& y1 x ]! |! U, q% }
Question：37 - 27901
* L, b# S: m6 e2 G( sWhich of the following statements regarding internal capital markets is FALSE?$ i% B- j4 Q* w' i3 D/ T
A)
# U6 i* O) P; d; p5 ]4 APolitical 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." ]! M# {0 G% |* G: G5 W4 @: d
C)- [; W* K# h0 E" G* Z& c
The firm can credibly signal the quality of new ventures.3 A3 ~3 g( I/ h8 i5 l) x, i
D)# @& P/ Z! z! m. o
The firm can save money by not issuing securities in the capital markets.5 Y( g8 i+ h f7 k1 G. x
- c1 w$ h3 j7 x n7 xQuestion：38 - 9865 Z% S1 G( m! L0 e; \/ N0 w
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.
8 K9 q' v- [$ ~! W& {2 MB)
# \9 Q/ ~9 N' j F+ n# R; ?5 T7 ?can't tell from this information.
2 | B: N, { k# [: p( d" m% z$ aC)* s6 [9 M0 t) F4 u+ y- ~
too high.9 M; J; S" e: j- o
D). z( k/ K# x( y# o: T
very accurate.5 h. J y! z2 x5 {
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Question：39 - 98493 C1 S$ J5 m# w. Z- @* o
The 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.
: X; S h5 _# }! w7 V% {* _; w) oB)
$ e( q) Y$ [! }% B" Dfuture value.0 v' j' E# [7 T, O; Y
C)* C" }" Y0 \$ |, k+ x% Z- a- v
intrinsic value.
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market value.& o% i9 z: `! c; `# E
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Question：40 - 9947" r6 Q5 K& X6 N
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?% K5 a3 E5 V ?( e! Y) S! v
A)$ P1 D$ P' i; s6 t" v3 j
An 18 percent market share is sufficient to create a sustainable competitive advantage.# t4 `7 v# v* J, }0 t9 c
B)
( T. F7 z/ C" f/ u3 LAn 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.7 A" P* t# L+ `; T( I. t' a1 G
D)- O" T$ S6 u) `- w9 `
The market share goal must be considered in relation to the number of competitors.2 L8 `$ _! M/ o2 }# E! J
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
