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Question：36 - 278540 T }8 H9 I) w
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:% i- m% C2 R. K
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provide managers greater job security.- i- p [; P1 X* v; o Z: a; v
B)
I) n4 Y4 U' a1 b+ D; G* R( Ymay start a bidding war for the firm’s shares./ k7 q1 i+ I w7 |6 ^
C)
8 l' k7 v% ~ o3 V, bchange the firm’s legal status from public to private.0 h6 V7 M; H7 l& x6 f J
D)
7 I2 |* I3 v( g$ X2 ?force the acquirer to negotiate directly with the firm’s Board of Directors.
5 a( k* z! @; V9 SQuestion：37 - 27901# D- R- S: ]) b( t8 \! |# h
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.- f8 O# B, _- \, {! {) @& O/ Q
B)
4 o; T k/ n, r2 vManagement can channel free cash flow from mature business lines to high growth ventures.3 b8 z9 M! }9 R) T: M" K
C)
2 @$ X, k6 H1 I' ^The firm can credibly signal the quality of new ventures.7 J: _& ~' i7 K: l) F
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865& E5 O/ e$ {& d1 n, ?& n* x6 f
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:4 {/ L# e& w4 Z) k2 c% T
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too low.$ E1 J+ h) X9 f/ Z
B)
2 C+ N5 D' b' R: T/ t5 c; d9 V1 Tcan't tell from this information.
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3 G4 f" v. Z9 T. a7 D: w+ B# `+ S1 Ctoo high.
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very accurate." e \ z2 N: p4 R
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3 o% W+ b: g8 e0 `5 E% M+ j, \Question：39 - 9849+ a$ ~) ^ j& Z% B) K9 e
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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. }4 Z& j4 V' `. C5 ]" l" N5 f- p% Orelative value.
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4 d+ D1 C, f G& m" F+ qfuture value.
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intrinsic value.# [/ |- H; R. v9 K, g
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market value.
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' v |5 D% W- q# ]! }# j0 M; GQuestion：40 - 9947
1 L8 n: E( E* L2 Y2 Y# |4 wRoger 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.
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. I' L9 v* X& c1 MAn 18 percent market share is too large to create a sustainable competitive advantage.
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. o6 d- g8 a2 O! J; G3 zMarket share goals are not a competitive strategy.* ]+ w4 d) y. w2 ?+ V2 [ J7 A
D)
, [2 V% @( t4 Q; o; _5 r( _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
