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Question：36 - 27854
9 b0 b; t% X" FWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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; ?$ } E0 T/ S% F* \1 B3 g2 X0 nprovide managers greater job security.
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may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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! A" |3 l0 F7 p/ Rforce the acquirer to negotiate directly with the firm’s Board of Directors.. k( j' X ], Z6 L
Question：37 - 27901
$ f1 s: w+ M5 g6 X* D0 l/ IWhich of the following statements regarding internal capital markets is FALSE?- e( x- v* L# G: r C& M1 J3 d
A)
* i9 ?# a% W- o% I, {; `Political obstacles are likely to exist in efficiently allocating resources.' Z$ Y8 ?+ P# {4 z& {
B)
7 w# w9 X9 `9 f* w4 @ Q$ P$ YManagement can channel free cash flow from mature business lines to high growth ventures.4 O$ J: b0 |" a3 c) H
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The firm can credibly signal the quality of new ventures.+ \9 _# I/ R I- P2 K7 G7 H
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865/ Z% h- f2 y+ A0 p- h
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:+ z( m) X3 r" Q! T; M
A)
6 ?0 Y2 `$ d J. v0 n1 Z/ S Otoo low.
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can't tell from this information.6 N* k2 S$ ?/ n4 G2 D
C)
5 g( p6 z! Y: L. V( Ptoo high./ y: J6 \6 J7 [& L
D)& W* J& Y( a1 l7 p4 _* P
very accurate.
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% k- @2 Y0 q$ P6 U% r3 fQuestion：39 - 9849- q8 ?0 V4 b! r6 k7 ?" e! W! H, x2 L
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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( Y) \! o/ Z" c3 K) k }5 Urelative value.+ G6 O: }) `, ^: \. Y+ V
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future value.8 k6 ]4 `0 E7 f T5 X% z( ?
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intrinsic value.
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market value.5 ^, a- ?* K. M0 k* I0 a0 V* C
]9 |: D% B& b0 uQuestion：40 - 9947
@8 e. `0 b: N0 X; Z. M2 @+ uRoger 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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1 d: x7 A& X+ `9 O: kAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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3 [; W% J2 P4 z) @/ yAn 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.* v% W2 D, }% o4 p. e, u6 }5 d; Z
D)
6 C; y- h/ @6 a. Y# XThe 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
