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Question：36 - 278541 ^0 W9 ?' Y$ s. b j; j2 N
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
; p7 |0 _5 w7 k8 oA)
" P, K' P, L! z a0 v6 p: qprovide managers greater job security.( m3 W: _5 S" R# f
B)
0 u2 O2 O* c; L) s% t. m( `may start a bidding war for the firm’s shares.* n) Q) F* s1 c6 B' x- k# ?
C)% V1 Q2 w; _! b1 S5 B3 K# X, V
change the firm’s legal status from public to private.4 Y1 T8 Z+ o% C# O# L6 s# M
D)8 b. ^+ ?& ?" s
force the acquirer to negotiate directly with the firm’s Board of Directors.. W& N# K- B8 `$ ?8 ~ `' E
Question：37 - 27901
! m) C% Q- ?/ |9 U4 Q" JWhich of the following statements regarding internal capital markets is FALSE?
6 N8 C7 A- G" g+ `- Q. J2 e! u5 mA)
5 k5 q1 e1 y2 L: ~$ [. JPolitical obstacles are likely to exist in efficiently allocating resources.; }0 H/ ?& n6 h0 |& q5 s
B)
6 s4 d: `, S' x2 F4 v" @& aManagement can channel free cash flow from mature business lines to high growth ventures.
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3 j( {/ i, z; T- ]The firm can credibly signal the quality of new ventures.8 r2 X- b4 e; Y
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The firm can save money by not issuing securities in the capital markets.
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0 s* }) F. M9 M& \9 hQuestion：38 - 98659 U7 f. B7 p& y+ X7 R# ^& p" [
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
& W8 c5 d8 T+ Z1 v! ^9 r/ ]A)
1 o' [" B) M0 w0 v! Q% c8 F* b0 Xtoo low.
z0 p. Z$ i* L5 O5 g; C4 wB)
- h/ ^& G, e+ ~# ecan't tell from this information.
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too high.
/ V6 l) v1 \# `' \) E1 E) gD)
4 c* B7 g( V/ _$ |4 c4 x" gvery accurate.
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1 i& j/ c& }3 kQuestion：39 - 9849( Q9 ]7 e$ Z1 t8 q/ [- w
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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relative value.
5 ^/ Y- A2 R3 u: ] TB)
+ K( b' k* h- A" M( {' t& t( dfuture value.
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/ J6 H& A: B( z; g g$ vintrinsic value., m8 z0 {" \2 |8 O
D)" S& J" w/ D; y7 \* t4 ]
market value.! @4 ~+ y8 `% y5 C5 z1 l4 q3 Y y" F
: R5 i4 E1 @" n9 ^' W1 jQuestion：40 - 9947
5 [* l: b$ O4 C$ M/ oRoger 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?( N. l9 c- ~9 ?. t" {) R% k
A)( z+ o0 D5 z @+ ~6 _* O+ R S
An 18 percent market share is sufficient to create a sustainable competitive advantage.
/ s2 Y( Z! S+ C4 I4 G) TB)
( h* J4 O0 q% `3 FAn 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.
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The market share goal must be considered in relation to the number of competitors.9 V9 L. z8 y4 W# V
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
