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Question：36 - 27854
, ?3 N# ^; e9 w0 _2 v. ~' cWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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' B" M+ n$ b# n0 Pprovide managers greater job security.
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# L; a$ N3 M0 l2 b' y) c6 h5 }( ^may start a bidding war for the firm’s shares.
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# q/ `2 }) `* R/ o$ J' F" g4 _change the firm’s legal status from public to private.2 D& P. [+ e% S! R& Q7 M
D)8 X7 T/ s, u; J! |. s
force the acquirer to negotiate directly with the firm’s Board of Directors." Q( _0 |- U6 |4 E
Question：37 - 27901
: X9 Z3 V6 N8 A, r# vWhich of the following statements regarding internal capital markets is FALSE?# ~" {( ^9 o; n+ I. g: E0 E0 l
A)0 z& |: @2 P% L. v
Political obstacles are likely to exist in efficiently allocating resources., {# ~& b c9 Q0 T: ~
B)
. k* k& J8 J$ b8 o) n7 J5 i' V7 K3 uManagement can channel free cash flow from mature business lines to high growth ventures.$ L5 c" k* s- i; V
C)
$ O& ~" x0 F( O; G- P# HThe firm can credibly signal the quality of new ventures.( ]1 `4 @4 s- V
D)
* c+ w# J; J' c: l& V; ^The firm can save money by not issuing securities in the capital markets.
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" u" B* U" _9 D# h3 u0 }! KQuestion：38 - 9865
$ c/ v% j4 h \- I' |, N& jOverestimating 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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* r. @8 K7 v' u$ Ktoo low.8 h3 `; T6 T; S
B). q' f% c* W) B
can't tell from this information.' N8 \0 K. }8 ?' t+ J
C)
* |) X% i, ~3 i& f" l* G3 otoo high.
8 Q( f' p) n3 UD)
; A& O3 M0 q1 E; q- A5 W, rvery accurate.
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" Z# [6 Y5 W( |" \3 HQuestion：39 - 98492 l$ ^) [3 v+ b4 z7 Z! o+ {0 V
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:2 b1 P9 A& j+ t" i; K) }
A)
2 M# U: r1 l, [/ a9 _. |relative value.$ B5 t$ j& e. x6 J3 n7 Y: M
B)3 I7 t$ T5 r8 i, K3 x: E
future value.
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intrinsic value.* [" S' H) S) u! |6 _7 K
D)
0 n' A& P7 i3 D. Qmarket value.
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$ t0 D- l3 M2 k. \, }Question：40 - 9947
( ^7 Q) f( W1 {+ J# V2 X. [/ aRoger 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?+ ?) k" [+ }: m& t3 r
A)
* _' q" [, B' I3 Y- l: `An 18 percent market share is sufficient to create a sustainable competitive advantage.9 H- q c' F" m' Q4 ?
B)2 c, C: [7 x2 r6 E9 g+ l
An 18 percent market share is too large to create a sustainable competitive advantage.' h; i' M- X( @) m$ G# C
C) D/ g5 {" P! v0 L' V. |' d$ u
Market share goals are not a competitive strategy.
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8 ^. u; s$ _. r; u; v& D. o0 g( M" wThe 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
