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Question：36 - 27854
' u( j2 \/ O5 _9 e R1 { [Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:5 j/ s9 k+ X: F4 N
A)( r0 d- o7 Q0 Y) }' n
provide managers greater job security.% [8 ]6 }% b& h1 b
B), b2 ?! c. z8 w
may start a bidding war for the firm’s shares.% R+ B. ?" T' |+ u% }+ e. L
C)
' [& t5 j# D5 l" q3 F a" S, K5 pchange the firm’s legal status from public to private.6 ^! j8 Q6 j2 |3 M
D)
8 k: m3 R0 s; {2 b9 G5 ~force the acquirer to negotiate directly with the firm’s Board of Directors.
5 f. @4 p3 ^/ k! ]) sQuestion：37 - 27901
3 _5 C9 M7 V1 x3 z, F8 v- K9 Z4 w1 \) OWhich of the following statements regarding internal capital markets is FALSE?4 n: i6 ?# q7 N7 S7 f _# G
A): \5 B1 Y. s, `, } v. ]" D3 B
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.
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The firm can save money by not issuing securities in the capital markets.' s2 E3 N9 S; Q! R3 U
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Question：38 - 9865
' q" P* B1 k. ~& j% |+ ZOverestimating 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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( M/ S/ ], A2 L+ \: c6 d: etoo low.
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can't tell from this information.4 y9 g6 I+ u5 h" A
C), U7 ~* v, R+ v6 X8 N8 J
too high.4 {) f1 X5 a# l- j( f) }6 a W
D)
3 N% n4 |) O# a0 d% @( D$ dvery accurate.; e& }3 I& H/ z: y8 U
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' P3 }0 E& M4 ]% A2 \Question：39 - 9849
6 _6 F! b2 q; x x0 C2 p/ fThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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4 ^4 S0 W: w& n& nrelative value.8 Z3 {: A v; i4 v& G: T
B)
& m# L- s6 ^% X- a/ h6 Ofuture value.
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8 G) w6 {& B% M: I" wintrinsic value.
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+ g, |* M7 k% `: x3 L3 imarket value.+ y$ e9 V/ M5 Y5 N ?8 M, \
e7 [- s' l+ q/ @; mQuestion：40 - 9947
6 f# \# U; \0 z* e* |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?5 o# L; ^* I5 u* l, h. y) C% U
A)9 i; s6 V9 |6 S1 T
An 18 percent market share is sufficient to create a sustainable competitive advantage.0 t, m; [1 o# U" y; p, ~! F
B)0 Y$ |" ~6 o0 C' a0 \ j8 C. K
An 18 percent market share is too large to create a sustainable competitive advantage.+ i; D: k0 l, \3 M
C)3 e% i, u @9 c8 P% t
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.
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
