|
|
Question：36 - 27854/ ]# X9 a# ^* ]9 N' I" M
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
E v5 D- d% Y- x6 ~A), D' m" H) A6 w2 A5 J9 e6 C' u
provide managers greater job security.
8 d8 t# X3 d; `7 |B)9 t4 K8 f4 J7 u$ j
may start a bidding war for the firm’s shares.
0 V# t p2 Y+ c5 a5 q uC)& m8 \/ i- W. ?+ @# n
change the firm’s legal status from public to private.& Y" L7 W7 [# \9 F7 v- R: j3 y
D)
/ `+ V/ ^7 H) X$ x& Tforce the acquirer to negotiate directly with the firm’s Board of Directors.% j# S$ U; @& E
Question：37 - 27901
o5 n* M9 z2 G0 {& v/ aWhich of the following statements regarding internal capital markets is FALSE?
4 C$ p a& n4 q+ T3 iA) X9 [' ~/ v- J& L/ v* U
Political obstacles are likely to exist in efficiently allocating resources.
3 K, ]/ Z* M1 a \; X6 X8 q' rB)
* Z+ x0 p) c- ?+ ^0 _Management can channel free cash flow from mature business lines to high growth ventures.! V* k: M, v* c( p! J8 O& `
C)
2 O2 C4 S& S" \- R5 C2 r- {5 o. OThe firm can credibly signal the quality of new ventures.
. u1 L( w0 p& H8 k* \6 RD)
! I& z+ p6 Q! [! W0 QThe firm can save money by not issuing securities in the capital markets.
# y8 s1 d4 R; x4 z( T$ N
! s; f% C ~* B6 t( h5 U& OQuestion：38 - 9865 b2 s' a; ]3 D3 `( k1 u; k! X
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:0 J, g# |- z0 V8 D, ^+ N
A)# F) h1 ]9 J$ j* e) {! R4 U* R0 v
too low.
9 z6 C" l/ y" W/ U! gB), o8 ]" o* p3 n: [
can't tell from this information.
9 e. R) T2 Z7 e% n7 \8 ?( T {& VC)0 V1 n a/ a2 V7 Y
too high.2 T0 O/ o) U4 d' s" O
D)6 J* |) g( K, L) Z
very accurate.
6 d7 O3 @! q# z) O& ` `- v! ?; B
" e! x! Z' r# P- c4 Q- v1 v5 _$ q5 w3 O7 h- |) l. _" \1 g. x- a
Question：39 - 9849
" t. \" m4 s- l S* q& LThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
6 W6 e# G+ T' \+ r0 P. K1 t+ w% r# XA)
( v: `, G4 @ \+ nrelative value.
% b" x) i! u4 [; @( SB) x5 U0 Z& K0 J M
future value.
1 O5 g7 C& @4 u5 M( b6 k) BC)4 m6 m. O6 W- e( P
intrinsic value.
4 m: n; S% W7 O8 O& ND)8 L2 r4 Z3 J( U H, n
market value.
6 c' u4 z; Q3 |! J! S
; q$ Q! G5 j# D7 Y( ]: N+ Z4 CQuestion：40 - 9947
$ w+ i `( d* DRoger 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' l- r4 ~/ uA)# `$ j5 Y0 |" Y- s, N) c8 n0 o
An 18 percent market share is sufficient to create a sustainable competitive advantage.2 ?, s) H ~! l
B)
g0 V0 D2 m% f) B- M* zAn 18 percent market share is too large to create a sustainable competitive advantage.& X( O) K# G- F2 |6 `
C)
2 d; t+ [* L* W0 K. ~; ~Market share goals are not a competitive strategy. S4 ?7 [0 L. J Z- q6 ^) C
D)+ K6 g; J2 n2 O8 q3 k. Z6 F1 K
The market share goal must be considered in relation to the number of competitors.
& ~& q8 y* m6 S2 T |
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
