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Question：36 - 27854 q. }2 B9 K5 x: u+ [" v
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:+ H4 L! S3 p2 j4 }
A)
5 E, ~" T7 E- ^( |provide managers greater job security.+ Q$ j3 m$ W( M. u/ e/ N
B)
. ?- d' J; }) L {3 D: o0 |may start a bidding war for the firm’s shares.
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8 U( v! @/ O% C" tchange the firm’s legal status from public to private.' A& D# i5 r' ^4 d
D)
0 o8 S5 u. M7 f* U& C4 g' nforce the acquirer to negotiate directly with the firm’s Board of Directors.6 o8 J. j7 ]2 D% X2 U, t0 q2 K" ~
Question：37 - 27901' U9 j4 j; \/ s, [" G9 i
Which of the following statements regarding internal capital markets is FALSE?, g" X: c9 I- O0 w B! N+ D# w
A)
7 y0 }( l6 B* c& g/ a- s3 fPolitical obstacles are likely to exist in efficiently allocating resources.
( I+ `6 r0 H% L" [8 T4 kB)
% F; A7 a$ P3 e3 z) w' @5 JManagement can channel free cash flow from mature business lines to high growth ventures.7 G6 U) A! e3 A% F
C)
" h$ C# W$ m* ?The firm can credibly signal the quality of new ventures.% u0 D1 w) s, P a5 A( U
D)( l& O# d& v+ @" h0 W
The firm can save money by not issuing securities in the capital markets.9 V: m; o2 A3 V6 L
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Question：38 - 98654 u8 X7 ]0 S* f K( D3 `% I
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:: v) R3 O+ N. S9 H% ^5 Y$ o! X
A)
% W1 r0 [: T( Q8 D' ^too low.2 P" I/ Q0 M" F, Z& M" z8 k
B)4 {1 I% A4 m" V7 q1 Z
can't tell from this information.
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too high.
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very accurate.! M# R' P" Q% W0 p& {, Q
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- M8 R. \/ _# j! } UQuestion：39 - 9849- z \' W. C3 Z+ {' @, L
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 Z9 j! b6 s5 S; y3 Trelative value.; N$ t) S! O) I7 G z+ C
B)
& j/ Y" B4 g; L( `1 r# |future value.
9 N7 m w H# D/ o- b. q! SC)
2 r: G* R1 R9 t' j2 yintrinsic value.' n1 x8 v+ f' H
D)
% ?* p# Z+ p- [4 d7 R0 {$ ^market value.
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7 F5 P+ v. e3 N. C# a5 JQuestion：40 - 9947# w% I l9 n H6 P
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?$ y! f. r! v2 p
A)
9 K/ M( R- y2 ^/ `An 18 percent market share is sufficient to create a sustainable competitive advantage.
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: b# k1 u! F" g* p( j2 BAn 18 percent market share is too large to create a sustainable competitive advantage.
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2 o" }% ?8 I8 ^7 q$ u* iMarket share goals are not a competitive strategy.
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9 D# J6 ]3 d" c/ U6 }* Z4 V% hThe 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
