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Question：36 - 27854
8 {4 y( c5 Y1 }# q% Q' QWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security., O9 I1 u% I: D& A& O
B)
6 G$ Y& P% l8 i9 xmay start a bidding war for the firm’s shares.
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9 s1 M- ?+ l0 X* O* Qchange the firm’s legal status from public to private.
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; m& F" s/ W+ t) d/ Lforce the acquirer to negotiate directly with the firm’s Board of Directors.
q$ x2 k. H9 W' w9 d4 TQuestion：37 - 27901. p+ v5 _# D. E% s6 }( k; X
Which of the following statements regarding internal capital markets is FALSE? P: h* g; w! j
A)8 R. x+ @. s. Z+ Z5 d% H
Political obstacles are likely to exist in efficiently allocating resources. g' }% E2 j+ e! E+ {. a
B)$ o1 Y2 ]2 v2 L( s* a7 {
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.5 K, E5 w I4 e2 K4 {" H6 D
7 |6 l3 e( K* xQuestion：38 - 9865
- t& X6 M% |% v( V5 q8 v6 UOverestimating 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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too low.
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: x( }5 Y6 n/ v" z9 i) ecan't tell from this information.
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too high.
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& W( ^) X. C6 \5 Vvery accurate.
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! ?* d" @' k# x$ U/ KQuestion：39 - 98491 k7 B( x8 K" o7 ~
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:4 d& H, e9 K* F6 o7 f* ?) ~1 L
A)& [ x3 g8 ^& |8 E( d1 K8 S
relative value.
n1 `, V# R% x" ^' JB)
6 s, j) s7 @- x% }5 r/ j9 Q& dfuture value./ g- ^0 y, {/ l5 ]
C)
8 R D$ C, c5 ~$ sintrinsic value.4 ]6 L- i$ g3 J: Q* Y( N4 I
D). {# o6 i. W' N- h7 o+ T
market value.
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$ k4 ]! b1 d0 C( SQuestion：40 - 9947
( [! q* B6 x H5 }, H, U- ^! ~) g# 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?/ P: C! t- Y, [$ s# h4 l
A)2 `. \! b( ]8 y2 F
An 18 percent market share is sufficient to create a sustainable competitive advantage.4 M" w0 A0 C" B( i+ G
B)
2 D7 c l! U) i# e' MAn 18 percent market share is too large to create a sustainable competitive advantage.
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Market share goals are not a competitive strategy.6 [" C7 w$ ]- H- R
D); X# g l% o! D9 J p* k; j
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
