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Question：36 - 27854
& g) u# n8 ^/ f1 I9 l4 |Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:0 S. }; ~3 w! ^7 D4 B- @
A)
9 X5 W- `& g6 D7 T, ?2 `2 Cprovide managers greater job security.
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may start a bidding war for the firm’s shares.( r1 H3 M1 m( a A7 j& k0 Y3 L
C)
9 k8 b- z; v+ ]9 k6 M3 M2 Gchange the firm’s legal status from public to private./ d; w; I% l! H5 ]
D)6 O% D2 u' v5 s4 X. `
force the acquirer to negotiate directly with the firm’s Board of Directors.
% C. z+ R' J: A6 k7 DQuestion：37 - 279019 T& G9 M/ U$ l) i4 w8 s
Which of the following statements regarding internal capital markets is FALSE?
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Political 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.1 Q, t+ M" N' R1 k$ r' P
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The firm can credibly signal the quality of new ventures.3 G! r% X) E9 _8 D7 u8 o: I. n- N
D)7 }: U/ x; J% z3 h7 \% E l
The firm can save money by not issuing securities in the capital markets.
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T/ M, y3 q+ pQuestion：38 - 9865
% [6 [' p/ j3 L* n$ @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.. @3 z* K: ~9 ?! @6 g2 W
B); Q( c6 S. l1 H5 z& J# `% M
can't tell from this information.; [( E O3 S' n) s. g+ R
C)
$ l# ?4 K8 ?3 \! K6 Gtoo high.
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; Z, ]3 {# X$ A2 q; Overy accurate.# k% O: b/ @, Q; N* N8 U
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Question：39 - 9849- Q% r$ h, s1 K7 J/ }$ s7 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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$ r! m3 m3 L9 m' g3 V1 vrelative value.
* ^6 Z( O: I2 O& O# t6 Y& uB)
. a, B' U7 M; f% `9 \future value.& s' q C( b. b w9 Z( j" f# f
C)6 X. y! ?. R% Y% }. B+ [4 U
intrinsic value.
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- K$ |5 V% Q- g5 Z( T4 umarket value.& X' \1 X& ]: K$ F% ~) X& @
$ _& `2 [3 w/ k5 }2 `) G2 JQuestion：40 - 9947+ v* X7 L: F) X* @' r
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?1 x. o g( w w: s6 X5 ]
A)
. {$ s1 A# H. ~* eAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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An 18 percent market share is too large to create a sustainable competitive advantage.3 X+ `# c+ Y& G% D
C)
! [1 Y! U- i1 P2 D5 }4 T, wMarket share goals are not a competitive strategy.% N' \2 I& w8 Y. t" p
D)
, ^6 x* h" u* k. }" H" Y6 aThe market share goal must be considered in relation to the number of competitors.) c$ m3 j9 X6 S3 A. @' h5 F
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
