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Question：36 - 27854( y \: h0 ~. m
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:0 V! |2 M5 U# ~$ d1 H% r V" q6 o T; s
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provide managers greater job security.
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0 ~' U; v, t1 Emay start a bidding war for the firm’s shares.6 u- f- r9 Q* e/ m6 ?# w
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change the firm’s legal status from public to private.1 ?% g) W2 f" ]8 x3 L
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force the acquirer to negotiate directly with the firm’s Board of Directors.
( K1 v7 u: Q, |4 t2 H* A) J z" K' i( k3 gQuestion：37 - 27901
2 g8 A. ^; j# g9 jWhich of the following statements regarding internal capital markets is FALSE?
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! I% W" E, P; t# SPolitical obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.( h* G7 e+ c5 U+ V1 A: f3 F* b7 F9 ?
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The firm can credibly signal the quality of new ventures.
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( {/ B" b: K fThe firm can save money by not issuing securities in the capital markets.; P( c$ V7 u; A; [3 |3 {
& P) k/ X/ x* ^Question：38 - 9865# S/ W& t9 Z8 ]. @; t1 I+ F# A
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:- H9 l' ^/ e* Y( \' a
A)
( }6 Q8 f+ W- y' g! }0 Z" Ptoo low.
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can't tell from this information.
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9 A) G8 D; Y, ftoo high.- A* A2 A& U+ Y2 E! F" o
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very accurate.
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* Y2 }& k6 t* n$ Q# v! m8 fQuestion：39 - 98495 u( ]& b/ V- d4 n, F/ G) s
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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: ?, I' |% ]/ l( ^; W- M9 I" I0 qrelative value.
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future value.+ N8 U: c; Y F. U. R
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intrinsic value.$ H$ e* a% r2 A4 u L
D)
& N4 w& \5 I+ P5 f: gmarket value.
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Question：40 - 9947
/ i* x, R- ?! u" RRoger 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?$ Z# v8 p$ A* K- S7 L' ]6 ]& ^/ E
A)
% v d5 S) ~: e: p( MAn 18 percent market share is sufficient to create a sustainable competitive advantage.6 M+ ^: ?! r" C. B; Y# F
B)
K2 {/ h0 z' ?" ^An 18 percent market share is too large to create a sustainable competitive advantage.8 B! _2 |. ]! w
C)
% U* g) q. c& |: F1 v4 m/ P, EMarket share goals are not a competitive strategy.
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0 p( {1 z7 ^: R7 j8 r% v; fThe 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
