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Question：36 - 27854( Y6 ]3 `' o; f$ K! b
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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* T# i `* B3 a4 h1 t: eprovide managers greater job security. [; ` z* S: G. a1 c! |
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may start a bidding war for the firm’s shares.9 I4 o7 O' H7 g# U8 S- w4 M
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change the firm’s legal status from public to private.* E" E! l- Z' R4 F+ T4 j
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force the acquirer to negotiate directly with the firm’s Board of Directors.% c$ m$ Y. z5 ] G
Question：37 - 27901
, N# _$ L U GWhich of the following statements regarding internal capital markets is FALSE?
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9 F4 O& G5 `8 D; {Political obstacles are likely to exist in efficiently allocating resources.
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5 M2 L) i: m3 Y% X3 N5 UManagement 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.# G3 B# l7 G- [3 Y* p
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
P2 J8 I# c/ MOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:- ^/ l/ h. r, K& W
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too low.
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: V% f1 {7 x" P. F9 F/ T4 { zcan't tell from this information.# S, M' K ]3 K$ o
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too high.
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very accurate.
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Question：39 - 9849
/ I% u: K+ Y0 [2 H3 a& u/ J/ |The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:. S, M( O1 b8 |0 G. u, G
A)
2 ?* W9 ]& ~+ d" h3 }7 k! y( Frelative value.0 F1 }7 N" S. O- E, m) ?
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future value.
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intrinsic value.
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! S3 l0 w; i7 F7 _3 Y n) xmarket value.- R- ?7 ]0 [) C
, z& _" T! B- P8 C1 z, b. ~Question：40 - 9947' S2 K2 c$ E4 T+ [
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?
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An 18 percent market share is sufficient to create a sustainable competitive advantage.' z2 e6 [" F+ L: h( \3 P9 L' k
B)
2 @$ ^8 i$ {2 [* f( R8 XAn 18 percent market share is too large to create a sustainable competitive advantage.
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! I( r. l8 P. P( |$ BMarket share goals are not a competitive strategy.7 @9 n, I- r. l% u: u, T& ^% B7 B
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2 R, O! _0 }" A5 i" SThe market share goal must be considered in relation to the number of competitors.
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
