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Question：36 - 278545 J- {. M& u( S1 c. x! ^6 d
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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# y& y* g; M$ f ` m6 ymay start a bidding war for the firm’s shares.6 G1 K) _9 E! Q8 W6 s1 I
C)
/ V9 U0 {* }" b% X8 k f9 Achange the firm’s legal status from public to private.8 n/ n! l0 j( P; k7 n o+ ?
D)+ Y3 ] Y) e6 d3 ~$ x9 f" Q: \* u
force the acquirer to negotiate directly with the firm’s Board of Directors.
- t0 T; b: T* ]" bQuestion：37 - 27901
) J! S. f# A1 U# p2 W4 ~7 W9 PWhich of the following statements regarding internal capital markets is FALSE?! @; m' p5 ?+ c* }+ d! I
A)
* t5 Y7 B$ z; q* v: pPolitical obstacles are likely to exist in efficiently allocating resources.5 Y X* s5 x8 E6 ~
B)
1 C5 m( Q5 W ~Management can channel free cash flow from mature business lines to high growth ventures.5 }8 C4 |( D* k9 U" Z
C)
) i( s& P: k4 _& v8 N$ M7 M0 v3 UThe firm can credibly signal the quality of new ventures.
0 }, Q8 g0 U Y) d3 e6 ]D)
: p5 a& s5 R& UThe firm can save money by not issuing securities in the capital markets., T# g8 }) C e* F! h, Z
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Question：38 - 98655 s/ v4 I. n N9 p
Overestimating 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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6 f4 g' C, { h% V6 }3 P$ ~5 otoo low.
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, _2 o7 T( v# @( g2 @2 f* y: ~9 gcan't tell from this information.
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) T3 S/ o% N+ E4 t7 R! }1 ^5 ztoo high.
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very accurate.: ]( C4 g" R3 ~# n1 }8 v
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9 }1 `# M; W3 K2 F6 \' b- NQuestion：39 - 9849" @! v! U& Y" |: d! b v
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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9 D/ V1 h* E9 s0 `1 Lrelative value.
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future value.. n8 |! d$ s5 j
C)
. ?, |2 P) [( q. b( L% K. W5 H6 qintrinsic value.3 Z/ P2 h8 D2 v/ d
D)
1 d I. X! q2 z6 I' P( V4 ]# mmarket value.
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6 r( {! L' n( ~& mQuestion：40 - 9947
( z7 z( Y% X; L% iRoger 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./ s' ~* E1 K4 e' V" X$ V6 l
B)
: w- a6 P; f) _7 ^" Q/ dAn 18 percent market share is too large to create a sustainable competitive advantage.' n$ ?- d* D, l3 P: d! A) K
C)5 e8 O7 D5 d+ y/ M2 x* z6 [3 ~1 o6 R
Market share goals are not a competitive strategy.# G" |* e; M* X6 V. f0 k. ^# y
D)
: ~ l7 W' l+ y/ |2 xThe market share goal must be considered in relation to the number of competitors.1 r3 _: M9 t: X8 T
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
