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Question：36 - 278544 i4 D5 {4 R+ C5 D) k0 v, d
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:/ K0 `1 @7 b8 i8 D
A)
. q( v: h* r& p; E( aprovide managers greater job security.
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may start a bidding war for the firm’s shares.8 U- J8 y5 K7 q. V
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change the firm’s legal status from public to private.
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7 x# l; ^9 B6 c& `' e" n, Zforce the acquirer to negotiate directly with the firm’s Board of Directors.1 i1 Q+ S6 P x( Z
Question：37 - 279016 y; e# d; m" t( P
Which of the following statements regarding internal capital markets is FALSE?; ^ z# r9 E N S3 d& ?
A)2 ?* @8 c( @0 E; A' J* L
Political obstacles are likely to exist in efficiently allocating resources.
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6 S8 G6 I" b1 o4 RManagement 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.
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Question：38 - 9865! h+ M7 W/ S5 y+ p
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:: A, V- v9 w" h, E. _
A)
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B). x$ W4 S- o0 g; ?7 G
can't tell from this information.
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too high.' B o% Q4 q( i7 S6 \7 c* K: w
D)
- J& @! w3 j) \" j5 j3 W/ ?very accurate.' \) z: M k! I' I3 T) g3 O) q, Z" y
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) h6 x" \: U- A4 GQuestion：39 - 9849: ?1 D. _5 |( I- z$ W7 `& r0 m0 a
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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relative value.
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future value.4 T3 w9 [8 G, r% O
C)
/ n! C- @2 r4 C# A1 ]intrinsic value.
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+ K( E! M: D Q4 ~9 ]9 qmarket value.$ r9 p9 g8 W0 U, m
5 M3 m) \! d& f) A' xQuestion：40 - 9947 F; d: G6 ^9 `, r& l- C0 x4 l
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?8 B2 G) x% j* n" ?' ^5 X7 C
A)
' Y& q ]1 I/ ~" {An 18 percent market share is sufficient to create a sustainable competitive advantage./ L6 M! e1 p2 f( A9 y. }: I
B)
8 u! i, C+ t$ IAn 18 percent market share is too large to create a sustainable competitive advantage.& \7 E* F& ~; C; b; O; `$ F
C)1 G- V* ~( w0 _- C5 t0 H
Market share goals are not a competitive strategy./ a) B) w+ q9 h7 |7 j
D)
; r" T1 q5 G/ A' ~$ t6 ?$ g! F, v, qThe market share goal must be considered in relation to the number of competitors./ B/ F; }- N d' o. w8 a; I
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
