|
|
Question：36 - 27854. N4 y1 v( \ |$ u D
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:) U+ P/ P$ W& x. y- g
A)7 T, |1 a5 D! {" m& u
provide managers greater job security.7 T0 e1 N- ` T m1 @+ }
B)
9 F, H" i- S2 z+ K" _" gmay start a bidding war for the firm’s shares.
) `8 Y2 K( J6 _- c$ Z: FC)7 v# o( c0 t6 G/ e3 m, P9 p
change the firm’s legal status from public to private.# t* L6 K: ~6 k- Y* z9 b4 y
D)
! X$ \) Q* ?6 A. i1 \, \) bforce the acquirer to negotiate directly with the firm’s Board of Directors.
* e' _5 r1 A" `; Z8 [Question：37 - 27901
, T1 d0 F$ X0 c% X7 A% HWhich of the following statements regarding internal capital markets is FALSE?
# C, D+ {- x4 \8 FA)
: z M/ Z9 ?1 E9 a% y. f$ n5 @' P0 ^Political obstacles are likely to exist in efficiently allocating resources.( z: f0 [, s) `: J
B)
& b7 [$ {8 z( l9 b7 YManagement can channel free cash flow from mature business lines to high growth ventures., r4 G2 T* x* ?5 H
C)
[- u5 s! z( j* uThe firm can credibly signal the quality of new ventures.
' G) g7 g. |+ {D)+ D( |- r2 E% A, z0 C' N
The firm can save money by not issuing securities in the capital markets.
+ z N5 ?5 N t# z# X/ O& R% P6 I( e- B. b. D
7 q* I( Q) z+ n& F2 E2 YQuestion：38 - 9865
/ p; W1 w* u3 Z Z: r2 rOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:- j O8 |" X0 o- r% A
A)
[+ l+ ~0 h% M6 \4 rtoo low.7 m2 S1 K7 E7 |: m
B)
; a# F) Z- f2 N$ _7 Ecan't tell from this information.
9 E8 s }# [3 p0 v7 qC)1 \ @! s% A0 F
too high.
1 j0 A: C) ~3 X+ p9 Q. ?D)# @0 T4 W; H% B% \/ S
very accurate.
. c* u, g$ z5 w/ c9 A" _& k( ]! A
. H e; _* Y" _/ W; B$ w; K' n0 G8 u3 b
Question：39 - 9849
# C3 F' d' S8 _+ VThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:) G/ R' B0 K9 W7 o
A)! K- S4 N+ h1 L
relative value.& l& Z M7 d# Y& L0 E: v2 i- b
B)
; a: g2 c9 O+ P: O- }future value.
' H# l! C6 [* a( z) CC)
: H9 u# S3 Q3 N, k& `# L0 | |8 Yintrinsic value.
) V% ?9 S5 c1 x% r# h* i1 OD)
) [% f8 p: \/ H& y( |, umarket value.( G. U" [1 o" |3 Z) J# k9 J$ J9 y3 N
* k; y6 |5 ~" A. ^7 Q
Question：40 - 99472 Y X0 i7 a/ {0 R4 E# _8 E
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?' S# R: F0 e+ a
A)# Y6 D3 A* m% a6 P2 b' G' b
An 18 percent market share is sufficient to create a sustainable competitive advantage.
+ v) m' j0 @9 X3 C5 S2 }B)
! K2 c, Q+ o) X2 J8 \An 18 percent market share is too large to create a sustainable competitive advantage.8 `2 _- v7 O( a; }
C)
% O' c$ ?+ k! S. }# k+ x) a0 qMarket share goals are not a competitive strategy.; R; K3 B6 t; ^# ?/ R
D)1 s! |; Q8 k( p4 n
The market share goal must be considered in relation to the number of competitors.
3 S# E$ G4 S j# i5 F2 Z |
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
