|
|
Question：36 - 27854# Z$ l& B: d& D2 i$ e* U
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
; q+ D \9 w/ w+ B/ h6 rA)
7 ^3 g4 @7 N7 o- s$ k- kprovide managers greater job security. ^" }' W% |: q9 r8 P6 K% ]' ~
B)
5 `8 L. k. A& C' |! J+ fmay start a bidding war for the firm’s shares.
! S' C8 Q! c; XC)9 q2 j& D% X2 q9 z0 h" [
change the firm’s legal status from public to private.# D* K5 p$ t8 a; G
D)- s+ N1 B7 C3 G
force the acquirer to negotiate directly with the firm’s Board of Directors.
+ {5 Y0 j, g/ z3 p) ~Question：37 - 27901! z! e; c9 F* F* k
Which of the following statements regarding internal capital markets is FALSE?5 f H. R1 |1 F6 b3 L7 V
A)
- p: {9 I* ~! O4 ?5 |: ]Political obstacles are likely to exist in efficiently allocating resources.+ b0 j3 q- W1 J/ r/ ^
B)
d1 ]) \5 w- W" VManagement can channel free cash flow from mature business lines to high growth ventures.
$ d& I: `2 Z) E; o% i1 B/ UC) L1 r3 I. }+ W/ X; f1 w
The firm can credibly signal the quality of new ventures.
9 }+ ?! @. u7 L7 D0 b* d( \7 AD)
+ \; U- H) K* x1 A' [ R% NThe firm can save money by not issuing securities in the capital markets.$ l( j6 H4 L' e2 C. i
! `- Z) _! N4 w# i
Question：38 - 9865
9 O$ j( g/ f2 LOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
( R$ L. ^8 J- l9 t; v5 d, wA), Q2 o6 u& A0 T) ?) K
too low.- `, g9 x; H8 q/ M3 B9 v
B)/ J0 @2 e o: c
can't tell from this information.
s" I. T3 v$ nC)# d: L; F9 j" Q$ ?& j( `3 V9 S
too high.+ K0 ^! P, _) i* F" l2 ]1 E
D) f3 _+ x, s- _" S2 r* {
very accurate.
% Q7 Q9 t! f3 n, `
# j% I, W1 y4 c' Y# Q3 I: e. ]4 i6 N
Question：39 - 9849. | \' f' b- [1 i
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
, ~ @0 U7 Z- J; ~& EA): k* a$ W I2 {' b0 p' E
relative value.
! h8 U2 w# h5 N0 QB)
" W4 @2 I) \3 @: h, n5 Y; D' @future value.
" V( b/ {1 i! @- S, QC)
' ^' z$ Z0 v/ z: j6 U- Sintrinsic value.$ M+ n4 G. \# s1 O) y* y1 R+ {2 c
D)0 v) ]% U8 T# N2 V& ?9 f9 N3 I
market value.
+ m. {$ a/ X2 p1 F/ _. B! D3 \; D+ Y/ O) i
Question：40 - 9947! h+ t B: l, t3 j- x% u
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?( c( C: z6 D) m0 i
A)
' |. ^- q: ]% J+ |8 HAn 18 percent market share is sufficient to create a sustainable competitive advantage.' t% q2 P/ W4 T% ?
B)
# ?, o3 N! j# k5 TAn 18 percent market share is too large to create a sustainable competitive advantage.. ^- e- m4 J$ Y9 U
C)% O, w+ [! j( B- T! g; t' i
Market share goals are not a competitive strategy.- b6 Q" Q5 j6 [6 o; K
D)
1 v; ~' j. P( D+ nThe market share goal must be considered in relation to the number of competitors.3 ^! x. V* ~1 c8 X
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
