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Question：36 - 27854
! x5 Z# F! s* y) KWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:1 U4 d) }3 }, j: c1 m; ?7 |. l1 r
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provide managers greater job security.
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. T# c$ e, T# t* d5 vmay 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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force the acquirer to negotiate directly with the firm’s Board of Directors.0 A1 ~3 ^2 n6 G F2 G
Question：37 - 27901
) P3 O- S5 z) ^8 V' D' YWhich of the following statements regarding internal capital markets is FALSE?! B# d$ |: T+ \% ?+ W! f: V5 s# G
A)2 x3 w" Q# f( F4 n1 r
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.
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The firm can credibly signal the quality of new ventures.( Q, R8 N8 D6 x4 N. e8 Z' u/ }
D)
/ s* q) W7 b% i; s* ^The firm can save money by not issuing securities in the capital markets.* W9 H4 V8 R" k. K f5 ~- @
$ r( U8 t; }; h4 n* BQuestion：38 - 9865( c! O, o( G$ C( m5 M, m ]0 V
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.
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can't tell from this information., w1 v& l% H# ^. u' Z
C)5 V$ `% s) l0 T7 V; m- W
too high.' B# Q; U3 c1 B4 h+ S/ m
D)5 v8 O) E7 I5 `
very accurate.8 s, G; M6 q3 w3 J7 o
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2 R# D7 G0 y4 u( i7 {Question：39 - 98495 G* ^/ f1 V3 r# H6 C
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:/ J/ G0 B: Y4 u O8 C" P
A)
) @6 z! [& b4 ?) t5 S! Lrelative value.+ b: z$ B5 k1 c/ }+ ]
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future value.* i" _0 T& g2 }& y. R* m
C), |2 y1 A7 v5 |/ v* e, g$ ?/ Z
intrinsic value.: A; C$ K+ i; P% V# `
D)! V7 r) j; k/ o. F, `' C( K
market value.; T4 I* @) R( d! D7 l9 ?
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Question：40 - 9947
& k" Z/ f: H2 D/ i7 [4 ]9 Q z: CRoger 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?% F/ {6 @9 u9 U
A)
9 I) \& [" k' IAn 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.: j: ?, S% j8 E0 h. Z; Z1 l
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Market share goals are not a competitive strategy.
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( I$ ], t& D8 g2 z! T$ IThe market share goal must be considered in relation to the number of competitors., D4 w; A" U4 J6 @
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
