|
|
Question：36 - 27854
; D6 _9 E% o V4 kWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:" N. T: H; e% R) U0 ^7 L. y
A)! @- W& v1 q" Y5 v# T5 v
provide managers greater job security.
, t+ e7 ^, q7 X1 {$ JB)
( x- R- `& b# cmay start a bidding war for the firm’s shares.
5 V: k( y* T6 i5 A) p0 S, iC)
* X2 _( W7 N6 W& qchange the firm’s legal status from public to private.
7 x; t: h1 M- K( h. e9 g- wD)
) H( Q$ m% C, _" Pforce the acquirer to negotiate directly with the firm’s Board of Directors.
& F2 Z4 l& Q5 O! _2 QQuestion：37 - 27901
1 [1 h! j c! y! Q& x% S2 d8 O" rWhich of the following statements regarding internal capital markets is FALSE?
0 i+ e2 `" y6 Y6 ~8 @5 xA)1 j% G: Q( i! Q6 L8 ~% k8 _
Political obstacles are likely to exist in efficiently allocating resources.
+ d: X8 [5 G: C5 W: CB)
0 B0 r# p5 ^3 z) Z+ E& P6 UManagement can channel free cash flow from mature business lines to high growth ventures.
9 d2 V T' e2 U" Z/ b6 h$ LC)
& V6 c4 j: z: v5 U- p: q. {The firm can credibly signal the quality of new ventures.
$ ~- W+ J4 `# L8 ID), i" D7 X9 o1 q
The firm can save money by not issuing securities in the capital markets.8 _( K0 V- j" G: C. G
/ R, h, x( o. U: m
Question：38 - 9865
1 T4 H& e( ]: [% V. POverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:/ h0 T& P; C! Z9 c: B
A)6 q. C4 P9 g/ s! z3 r# v
too low.9 h% `% Y, B9 k
B)
' x* ?: z6 h. ] {& Ocan't tell from this information.& y( r1 Q- `. i; Z. N& `
C)
P9 b3 }! ~+ S/ P2 \2 Xtoo high.
6 b1 j" v9 e3 q7 S7 v4 AD)
3 A5 l) P. G' m. q* R/ F' Dvery accurate.) x4 o% |1 w& K1 {4 _: Q
6 q' e8 t1 _) s2 s; o1 }. b% A; i1 t% y4 @2 {. t% u
Question：39 - 9849
- S9 ?- F. W$ f& q1 S; B( nThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
+ z+ L% a0 O& V8 T. UA)8 R, k! d3 s3 S& h* J( B) U
relative value.: E( x) n* V. X" L- J, r) @- ^$ B* x
B)1 w& i5 f- [/ q( H) R+ _: w9 N
future value.
# B: e4 o4 x1 A" Q( yC)
& D' D& l2 S* X5 I1 o8 @6 r$ } L7 _intrinsic value.& r4 D% q" E* a" q5 e
D)
) T" s- z$ o8 q1 kmarket value.
/ ]$ j4 m# R5 d5 E" {7 a3 c
- k: z& v/ x' A# I( l1 {" B$ o. |Question：40 - 9947/ w1 ^. ]7 ]) T% r; Q$ A9 ^0 {
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?
$ {4 V- @% y7 JA)4 g$ k; }* b9 i( E- a5 J o: B
An 18 percent market share is sufficient to create a sustainable competitive advantage.
, ?$ b! j3 m, S: {4 R0 [' u/ uB)& `( B/ m* Y/ c" x, Y# W
An 18 percent market share is too large to create a sustainable competitive advantage.5 E* |; N x( k, T L/ V
C)
. m& Q6 c3 E2 v- Q! J2 zMarket share goals are not a competitive strategy., W$ C' U: T( G. t& X0 q; D9 X
D)
( }; D, |+ f7 X" d0 I- dThe market share goal must be considered in relation to the number of competitors.
' c* n+ y" l5 x |
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
