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Question：36 - 27854
( W) H, p( e( J. [/ k* n/ b7 e. b/ xWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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* a/ Z# ~+ x3 i, P6 i9 Z r9 W* @provide managers greater job security.) M- g8 M3 g& @2 X& r) Z
B)
) F7 @3 @6 P3 l( ^& O/ }may start a bidding war for the firm’s shares.) C& y6 F# z d: I c) L+ x" F l
C)
7 [, {; J$ A+ l( T F( hchange the firm’s legal status from public to private.' d; }* ?! r$ C3 ]( ]7 u: K
D)+ O1 j; e- ^' z4 F$ X
force the acquirer to negotiate directly with the firm’s Board of Directors.- @/ _0 f( j1 j& C/ |' z3 h# p% j
Question：37 - 27901 u! N: _( ~+ R, X9 d8 Z+ P( Z _
Which of the following statements regarding internal capital markets is FALSE?8 Y0 M D! }; b3 Q0 K8 g# A2 l) L" C
A)7 ^6 A' J5 g, v$ r
Political obstacles are likely to exist in efficiently allocating resources.
9 C8 c! _. n6 ^) `B): o4 h/ K9 E! ?, r6 y" n
Management can channel free cash flow from mature business lines to high growth ventures.6 \3 h# }, [/ O& k: W) H! y
C)$ d2 h* o$ u/ d0 z
The firm can credibly signal the quality of new ventures.- k1 B: l* g* c; V6 Q% r
D)
$ d% }. P" ]: P; U2 [% x) ?% aThe firm can save money by not issuing securities in the capital markets.6 p2 n; Z1 ]0 W! Q2 s3 l/ j* Q! X
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Question：38 - 9865) q8 a" B. {2 @' V% x
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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& i+ i4 T8 ~# s* V2 ptoo low.
9 S+ V. @ ^% z" S: x: u, PB)
! @- a* y' Q# L* zcan't tell from this information.! q- o" h9 @$ @
C) D9 n+ G+ O# g6 W$ R3 h7 Z& |
too high.
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* {0 W! M. d" h, C4 l: k3 bvery accurate.
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- o' k& m& j% P' I% E0 ZQuestion：39 - 9849
$ e O; Y/ I5 G6 A+ ~0 ]3 RThe 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.
$ _7 l! k7 g8 G8 b) c, M, W5 G* SB) @3 e) w) z% K7 Q, }7 t, @
future value./ @2 Y" ~( s4 X- m2 d7 T& m
C)
" ~2 P, V" _* z8 Q8 v+ l7 qintrinsic value.; r; l) L; R% m
D)
* c4 A' n% x7 S0 M+ z& \market value.! O) f; d5 W' \! M& ^- V! P/ y
( C2 {2 U6 ~, N `) \; Z, PQuestion：40 - 9947
. R* B$ _9 Y$ P" BRoger 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?6 [- R- ^* P( k- g Q
A)
3 U# F! Q; \, F0 J" ~An 18 percent market share is sufficient to create a sustainable competitive advantage.( J4 U4 E" t$ j: j# @0 X
B)) C, H, Z/ C& i8 X. b+ }! j, X4 `
An 18 percent market share is too large to create a sustainable competitive advantage.
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$ U6 Y: c j' x! wMarket share goals are not a competitive strategy.: v% g" ]! b: C2 D, s A
D)
9 J4 S2 p# s+ U. o1 ~$ e* y1 XThe 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
