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Question：36 - 27854
; e' I2 b& j1 ~$ B6 J7 CWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.8 X& t' u* ~5 f$ y' D5 h
C)+ j$ z8 Z& ]8 b6 A
change the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.
- \) @$ |9 `0 x0 o. l. }, ZQuestion：37 - 279010 a( \. F. r* z' S" B
Which of the following statements regarding internal capital markets is FALSE?8 Z4 \3 l! V7 [; [1 x3 s
A)( U& ~6 k3 l4 Y) ~. K" U. ^7 S
Political obstacles are likely to exist in efficiently allocating resources.
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8 z& [& {$ D) R* Z0 C$ l0 I7 e1 iManagement can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures.# u4 I$ _3 [3 [1 \
D)
% n3 u# L( j8 yThe firm can save money by not issuing securities in the capital markets.2 g, ~. \2 |5 c3 i/ S( j
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Question：38 - 9865
. N% s) ]4 h" C N& w0 ZOverestimating 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.1 k" e( R m2 ]# S3 H
B)
. k) D/ _# N2 u+ H( gcan't tell from this information.5 V3 T, N0 }+ v2 o* Y$ K
C)
) `; I+ S0 i, @" V0 ntoo high.5 {3 V5 A2 I3 Y A* `# \
D); [* b$ t* r" @- y
very accurate.
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Question：39 - 9849
+ Z9 F f7 x. Z! SThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.
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; F6 v! v1 t8 t8 {future value.; [# w& j6 u- u5 W& J
C)
) ?- T+ T- v1 z' h) f" L5 |intrinsic value.
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market value.8 o7 K7 A! x$ A0 K) g3 h* `3 o
; r0 V3 o+ t# c3 Q" p A5 FQuestion：40 - 9947: z F& ?/ Z5 w, `9 N
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?$ E; U# b- D* Z( C+ m
A)" e# b4 H+ W- [3 G- Q p; h! j
An 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.+ U1 z- N' l, z) U6 m; G% S, p1 G3 q3 [
C)$ ^2 V$ c% g* M! f) F; O3 @& u
Market share goals are not a competitive strategy.) J3 j8 t N% ^8 M
D)
( J# B6 T, x$ E- _The market share goal must be considered in relation to the number of competitors.- k" m" C# H" A
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
