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Question：36 - 27854
' P4 G* D' g* z% r# J' o* W% `Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:/ V" m( b* T$ @& h9 i" `. o8 G, q2 G
A)1 A3 B, N% V# D$ a* P8 G
provide managers greater job security. D) n- ]1 v% |; w/ w$ ~
B)5 n4 `+ L2 ]0 Z! t/ M) e
may start a bidding war for the firm’s shares. v9 Q1 k+ V5 R
C)8 ~8 y) k7 e: G6 U( a% D
change the firm’s legal status from public to private.6 p9 } K1 _# ?* Y; U
D)
5 o1 w8 T6 L9 Mforce the acquirer to negotiate directly with the firm’s Board of Directors.! I) \; |2 p" r; p
Question：37 - 279010 w. O" a; ?( P8 n5 S( P; O
Which of the following statements regarding internal capital markets is FALSE?
4 y1 k1 _ R4 ~: [1 y ]A)
0 d- M% ~( n b; U- c0 T" ^Political obstacles are likely to exist in efficiently allocating resources.: F+ h6 T% C/ w2 d. X7 ^
B)' ] }2 ?! i# v3 P$ P; C6 T" {. I; A
Management can channel free cash flow from mature business lines to high growth ventures.. s5 h, g: x* w L! T
C)+ C6 G( g3 Y9 r1 c4 r5 t; P f& g
The firm can credibly signal the quality of new ventures.# K# Y: A, T# v) s6 T1 I6 P$ V
D)1 i6 [. A* n! L" z
The firm can save money by not issuing securities in the capital markets.
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# V& n" n" `2 E3 K6 }Question：38 - 9865
& d) @: I0 Y$ D# f' R( b5 uOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:# W8 I9 F) `6 s* o6 Y' u
A)
1 _% y' P8 |/ s8 f. k/ T1 }too low.' i4 C1 W8 z- l6 ]- h( Q3 b
B)5 _3 t# q9 {+ p H$ T
can't tell from this information.# h2 |" b: N+ z+ j5 X z x
C)1 M$ G. S" k4 q7 h) Z- N2 T8 K0 y
too high.
8 n: ~8 |& j- f, A0 W3 ZD)9 Q3 k' h2 A0 H$ b1 n* s
very accurate.
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6 s6 N; y# m5 h; @4 M4 g; qQuestion：39 - 9849$ H9 g! a+ c% F: q
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.
. P; X; k4 ]+ M+ l; M& GB)
K- z8 T1 z6 a: J5 y3 P* Ofuture value.. G, i( t" F8 i# K
C)
3 I7 M& l: m& y- Bintrinsic value., @4 t% ^3 H. H& T g {& ]: Y+ I
D)
" U' f0 U& {% A3 @market value.7 [3 @, o/ r. [6 t- Q
7 E c0 D1 W2 J& aQuestion：40 - 9947
' l6 s6 |; Y& \' h6 x7 QRoger 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?7 ~4 r1 A/ ^0 A9 K4 H9 e( P& [" z
A)$ ?, ^: N7 s! N0 S* b4 R4 r
An 18 percent market share is sufficient to create a sustainable competitive advantage.2 l" Z' k7 `3 O1 T; ]
B)$ Y( e9 n# w& [8 L/ Q6 o
An 18 percent market share is too large to create a sustainable competitive advantage.$ Z5 f5 p2 ?" Z' s* }( g% I
C)
" ?7 P% j% i! s1 s4 Q, a0 @Market share goals are not a competitive strategy.
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% B) a$ \. j9 M7 G3 y* o5 f5 qThe market share goal must be considered in relation to the number of competitors.; s+ C2 D5 c9 I' J% x
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
