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Question：36 - 27854/ B( F4 X3 e$ O- r( A
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:$ p; s; S' ?# b; A; G- p
A)
' `) ?$ A* [# a) _" Uprovide managers greater job security." H; a# v O$ [2 g
B)' J7 c/ B$ R: u/ Y/ M0 T
may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.: O, C* O) V1 b
D)
: n2 D7 ?3 `; t5 a1 z# @force the acquirer to negotiate directly with the firm’s Board of Directors.' I5 i$ H- d/ n" H) B% K+ @8 X
Question：37 - 27901
; e& F! \, V$ NWhich of the following statements regarding internal capital markets is FALSE?2 T8 c0 L: a3 A
A)
# }2 Q, B( D- @1 U& m" ]Political obstacles are likely to exist in efficiently allocating resources.
/ B7 C: U8 x5 t0 H0 X. c. ?B)
, v' G2 S9 ? p [Management can channel free cash flow from mature business lines to high growth ventures.
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* I9 ~7 [9 F# ^8 O% k" v" P9 [The firm can credibly signal the quality of new ventures.( |& r* e5 E5 S6 w, K, I
D)( U. y1 F- a2 ?' \6 L
The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865' x* ? F6 n( \$ ~/ U
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
) [) w: a, `; O; L+ H; Z7 w& pA)
" f: q# _) ~0 R8 U, L6 Btoo low.
4 ]( {2 p& d3 u$ x! jB)8 v# Z5 I. J0 K# c
can't tell from this information.
1 L J" g: u; I/ I2 K7 dC)& N$ n4 B) ^9 m2 [0 b
too high.) D9 b$ k" k9 O" ~. q5 v) T4 |" P
D)0 k! P! @0 k6 Q0 k2 f3 F
very accurate.! m9 e' g7 L- c2 ?& S! X0 z( C
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2 x& D3 h" _2 G' X1 Y1 B/ K( JQuestion：39 - 9849% M3 G5 |$ o& K, c! b; _8 I9 `4 x
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:; F, l) ]" G' P2 C
A)5 N4 R( ~3 Z, f4 i+ S# s7 K3 \
relative value.
5 o a H5 c' i& iB)$ H J. r6 i4 x
future value.: g, W. ~& h$ o( k- d
C)
3 `3 W8 a% R$ Y0 v- e6 Y2 z: H- Iintrinsic value.
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market value.' p% P; f' x% Z9 _) _. @' u
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Question：40 - 9947
/ b9 B5 Q% m$ k2 VRoger 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?- O8 Q+ O& D4 H9 J3 y
A)
4 K$ t7 r6 U! b* Z6 xAn 18 percent market share is sufficient to create a sustainable competitive advantage.6 l7 a9 F! m. C
B)0 c7 r" D6 q% Q! @. |
An 18 percent market share is too large to create a sustainable competitive advantage.) P0 X) P( ?+ A& }. W9 i
C)9 D* c2 Y2 B) f, k
Market share goals are not a competitive strategy.
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3 v: a: b$ z) FThe market share goal must be considered in relation to the number of competitors.) i) P! H! S! W 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
