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Question：36 - 27854 ?6 j+ _) R( X3 k
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:. |$ r1 Y, `; G/ t
A)
8 G& N/ }8 O7 n3 }provide managers greater job security.7 M& l% }- q6 o4 v9 N
B)
+ @ g4 G! s. Rmay start a bidding war for the firm’s shares.; D) M5 m2 R# i/ x# r
C)
* w& T" W' ^4 C* t, b" N5 Zchange the firm’s legal status from public to private.4 |! H# {) X% i* I5 L/ F
D)# u6 J0 ~ d: t- P5 _! h
force the acquirer to negotiate directly with the firm’s Board of Directors.
8 S- E' u q+ l% C! [ YQuestion：37 - 27901$ o6 M. J' E! O
Which of the following statements regarding internal capital markets is FALSE?& p* g& g$ c/ F! G$ x( ?
A)4 v+ J! Y; V) k! ?$ Y
Political obstacles are likely to exist in efficiently allocating resources.- S i/ x4 V1 b
B)
7 E! M5 `* Q: u9 K uManagement can channel free cash flow from mature business lines to high growth ventures.; M/ i0 P8 R, y% E
C)
- Z5 O6 n A7 Y5 k: s/ D" HThe firm can credibly signal the quality of new ventures.
N0 m! b$ N7 M+ {& w& w7 ?D)
}# D6 j- S6 } @" C6 PThe firm can save money by not issuing securities in the capital markets.
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" B; [0 K+ B- u, e& f/ k& q& FQuestion：38 - 9865
L0 ]7 |6 S6 o% f; ROverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
, \. b, ]& \% V2 w' ]+ g" AA): P$ m ]( G- K, e6 I
too low.) c" M o4 @3 x7 Q- l" d0 w8 Y
B); r& g0 |& y: d% |" K) g& `7 F
can't tell from this information.
* w# y! A. V7 f! x1 R( `# R7 c2 ^C)
2 b, J& z' E% ^, A* _3 ntoo high.
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very accurate.3 @6 S# ^& h- q1 }1 q
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! u3 c |: j7 h: yQuestion：39 - 9849
W3 j" A! F+ }: ~, {The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:& O# X) {$ |+ ~' B: d0 e& C D& r
A)
8 T& n( k8 y! V0 @relative value.1 K/ {# S' N! u
B)
1 E) T0 G4 w8 G/ K' w' Q( @future value.4 o2 A7 v: x5 Y' N, x
C), \3 U$ a- G& p. v1 j2 |4 \
intrinsic value.
@+ g1 Q/ ]) n$ e$ H2 ?2 BD); B8 Q; a% A, _, Q7 ~8 p: ^. i
market value.
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2 t0 y0 c$ W3 B( oQuestion：40 - 9947& m! k9 [2 |2 `! w% c
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?! u: }6 {; L6 J* b) f& n' l L
A)
; u/ y W5 T. c" ?An 18 percent market share is sufficient to create a sustainable competitive advantage.0 Y) a1 t" y* P- S3 ]% y& R
B) u0 s, e. M. x
An 18 percent market share is too large to create a sustainable competitive advantage.
- X$ E' P7 b% m4 Y0 dC)
8 [. s: p( q3 @5 N$ [8 v' h, hMarket share goals are not a competitive strategy.4 F8 U( k6 d" F# P6 \+ F% K
D)2 d+ P5 l6 \4 o5 c; k
The 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
