|
|
Question：36 - 27854
& {1 ~2 P# x% e6 ]2 u: A4 cWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
! o7 x, Q K6 X; S- e& lA)" U; W, @+ ?+ J# _' P7 d1 x
provide managers greater job security.0 A- b8 c( a* D1 ]
B)
* F& ^' l; z4 ^' @" S5 Cmay start a bidding war for the firm’s shares., W- z$ b! X# v7 C* t4 z
C)
! z3 P( j" n/ p; Mchange the firm’s legal status from public to private.& j7 k1 f1 R1 M
D)9 N0 B" e6 _* e" W# R6 k1 Q( S
force the acquirer to negotiate directly with the firm’s Board of Directors.# o: X% W5 y! q6 f- V
Question：37 - 279015 }3 h( j9 @. j7 d
Which of the following statements regarding internal capital markets is FALSE?
/ N' ?3 T, `' i# ]: [- v( V2 S! J2 ^& NA)2 ^. k! C! ?) r$ J: Z+ I: i$ p; P
Political obstacles are likely to exist in efficiently allocating resources.
9 |$ v. M% B7 N2 ~% u4 RB), z6 e8 C5 D- j, b. y3 X0 t
Management can channel free cash flow from mature business lines to high growth ventures.; |7 q4 s$ }7 f* @5 K, U9 f
C)
) P/ X3 H& c9 ~/ ]3 zThe firm can credibly signal the quality of new ventures.1 a4 G: i6 J( y6 Z
D): n# H7 O* }1 H
The firm can save money by not issuing securities in the capital markets.
T/ m$ t# g" T2 ?# q: W; t) i8 f+ F9 O; S- b
Question：38 - 98659 R/ Q- N* M5 j6 l& d9 m
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
! u8 t5 k" z9 W$ xA) Z& u+ Z { L
too low.; h6 m) y7 c+ e5 t
B) }6 w* v* d7 S
can't tell from this information.
% ` {# Z& N; K! R( W; P& `C)- b7 o% Q! m$ Z( i7 C, i# l) @5 T
too high., _0 e' ]' V' r5 u5 x. v7 Q
D)' s0 D/ V3 Z" y: e Z) @
very accurate.
$ k9 f7 A' ^7 E+ B5 H
$ x' s" x+ J Y) n# r
" Y$ W8 \! w @, _' J: ^. b6 A5 PQuestion：39 - 9849# j$ V( P3 [# p; ~) G
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
4 s. }5 z5 G2 A8 GA)
) c% D; z( {' `: ]0 k8 u# ]relative value.
b2 X# ]" A- ^4 S7 w- D5 ]9 y: JB)
6 b, _: {( I7 v1 K9 v5 y) C A" xfuture value.' X/ s( P0 S9 |2 k8 {$ z4 }# u4 @4 c
C)
# J; L: M! ?) `intrinsic value.
8 e3 E k8 z( x3 [+ k! FD)% l7 [$ G0 G/ U6 m+ F
market value.
/ j* ]& M: e( ]% ?# h7 f) `( f% X( v- o0 x; m
Question：40 - 9947
* O0 `1 D: {3 Y* oRoger 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? l0 F: R# b# n' t- L
A)6 U% W: f; T" g- ~$ H
An 18 percent market share is sufficient to create a sustainable competitive advantage.1 |/ a. K" ^# ]+ E3 l' V7 p9 T$ j; b
B)! m% @- X5 I! ?
An 18 percent market share is too large to create a sustainable competitive advantage.3 A) g" c7 ^) U7 V; z% t2 ]* Q' b
C)# ` s& W, j9 u4 t+ R( |3 G
Market share goals are not a competitive strategy.
0 {3 D( ] ?- Z& d, p' zD)
Y4 N: u" t3 MThe market share goal must be considered in relation to the number of competitors./ n- S- F% ?$ r7 L5 C1 K3 p
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
