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Question：36 - 27854
+ s$ K0 N4 j3 U$ M/ a- gWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
: n& d( E5 G& `& ]! ] p9 r+ P! |A): d* j9 D2 u4 W7 w; Q# o
provide managers greater job security.6 Q. Z1 |* l; H1 p b
B)0 L8 |! M9 @! y* s+ b
may start a bidding war for the firm’s shares.. a [2 i A. F; Y
C)
+ h i9 ]1 A: l8 R9 w! X' T; Nchange the firm’s legal status from public to private.
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) s) C3 O$ k$ N {! oforce the acquirer to negotiate directly with the firm’s Board of Directors.
9 l. M; r5 h* x/ a! Z/ k4 IQuestion：37 - 27901
, J+ h) y" f1 tWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.# j @8 K" `% l4 Y H8 b& C
B)
& j; x' a; Q3 H' t' A. z# e, _9 lManagement can channel free cash flow from mature business lines to high growth ventures./ v0 G, G- h3 R: O' D
C)* K7 u4 V) I( ^+ P. `
The firm can credibly signal the quality of new ventures.- @4 O/ H1 T9 J( v m
D)
" L* N# t# _% A) x; m& eThe firm can save money by not issuing securities in the capital markets./ W& P! g* o) u9 X- F
5 B( o: Q3 K! l+ U o% a. TQuestion：38 - 9865
8 \) K0 ?1 y' E* bOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:3 m6 c8 b9 {6 m X- Z$ p5 x# w
A)
' e8 L( y. y- P/ W, i; etoo low.6 R$ U2 Y& j- o& o) u. F
B)4 c/ I' w! q* p1 g( E8 V9 g
can't tell from this information.# A' D+ _6 {6 L& \& H4 w
C)7 I2 o a3 {' T2 B, e! F6 v0 c3 Y
too high.5 G' A- n# f3 p+ f
D)
' F/ q! W; `1 u$ Jvery accurate.( P% o0 g0 M% x; ]
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Question：39 - 98492 k3 x* o; l0 N
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:! r) X# ~0 q8 E' Z
A)
1 S/ F5 O( S! R: t' D' arelative value.
3 _% r. }+ r2 h$ J$ m' }B), N# J- b# u+ s
future value.
9 l5 D3 q4 ?4 s+ c7 q# oC)
& R3 a1 J' j3 mintrinsic value. E0 `7 M1 x% ^: X S7 d, @1 t
D)
" p' n& S% t: [" F, R+ v" R. jmarket value.
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% g. ^9 t( m( m! A, S1 PQuestion：40 - 9947
8 v9 a k5 W+ YRoger 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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An 18 percent market share is sufficient to create a sustainable competitive advantage.+ G' c+ K/ ~6 Y- l
B)
, n# e) C! q; hAn 18 percent market share is too large to create a sustainable competitive advantage.+ C/ D! A! w" b V! U" v @
C)
$ x) f, x2 h+ }+ ~3 ]Market share goals are not a competitive strategy.
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J- |% q, q) w6 S$ q6 iThe market share goal must be considered in relation to the number of competitors.& Q* U; N$ R, i; E' U
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
