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Question：36 - 27854# s6 g1 v* E# U
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses: I, r! K; i) h6 ?8 f
A), a# V7 {4 k2 e v- I
provide managers greater job security.7 Z8 C1 U$ P, B. @2 n
B)2 J9 W+ }+ P3 n* ~6 z
may start a bidding war for the firm’s shares.
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4 Z" T( J) F" p3 }5 D: Fchange the firm’s legal status from public to private.
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4 D3 ^8 o4 P+ l' d$ wforce the acquirer to negotiate directly with the firm’s Board of Directors.
7 v b% ^3 ? h, S5 T& ^+ p+ V' tQuestion：37 - 27901
9 G4 C1 x# A0 L& m" DWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
/ ~* {% k! H% Z+ Y2 L7 pB)
) N5 k' {) X# J. S- K7 \6 c. hManagement can channel free cash flow from mature business lines to high growth ventures.7 m4 q( r/ o$ }, x8 L2 o
C)
' j4 O2 J0 i; A" `6 U. s& aThe firm can credibly signal the quality of new ventures.
7 [. _. |, t3 K' A% ] dD)
6 { _1 Y7 g0 R+ W0 r7 gThe firm can save money by not issuing securities in the capital markets.
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- m( Z o% V# V. EQuestion：38 - 98654 i- w9 ~ ~- O f
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
& F+ y# X. ]- }$ sA)
' F6 p ]) _! a5 G! o/ ~too low." A! I* ]5 m5 f' t+ x
B). l- b) ?. d" r0 z* F) z( b: ]. \
can't tell from this information. S, K1 K# m) w+ s5 Y a7 R
C)
5 h) \! M, {2 d& ptoo high.1 M3 ~9 D4 U2 J
D)
3 q' |. |$ E4 F% a! L4 |very accurate.
9 c- W8 X1 s+ v! Y: f
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4 T2 s: D6 G2 Q, ?! v8 pQuestion：39 - 9849
7 a, o* Q6 Q# S# D1 b7 fThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:0 K9 q3 P# E5 c+ u
A)
a# T* y& d6 r" U6 crelative value.
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future value.
$ q' X4 n$ d0 p* `! X6 l- A8 {C)1 O8 y/ E5 R* x( v2 H( {
intrinsic value.% s6 w' w( J$ }6 I
D)
( ~% y0 P% ]% p( q8 e' J8 @market value.8 S6 k, ?3 @, i9 z% j9 `
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Question：40 - 9947
& Y; }8 {7 D+ r2 ~( T- G9 lRoger 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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4 w t6 y' J9 @; WAn 18 percent market share is sufficient to create a sustainable competitive advantage.4 C3 P- P+ ~" P5 [; s/ M9 g
B)
- f" |! z# V( }An 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.; E! n0 ]" _0 A+ q
D)* z/ o r, r( M. [ M6 U( E
The market share goal must be considered in relation to the number of competitors.4 Q3 }7 F! @5 ~% M; \
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
