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Question：36 - 27854' @$ h/ u& e% q$ m; \5 p ?9 l/ f
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:0 m5 [* x- u$ a$ K f
A) X7 E2 M. F; {- `0 e# b
provide managers greater job security.
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2 E+ r$ f. f [; u ?3 C; ~& Pmay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private." G% M( i$ { c$ Z6 ~0 Z0 f) @8 E
D)
- p/ `& I Y2 P0 t: Y7 f5 Vforce the acquirer to negotiate directly with the firm’s Board of Directors.
" c- q: {) B! u3 d0 V& k fQuestion：37 - 27901
. X- \. ~6 M3 F4 y" P/ X1 hWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.8 Y9 j# o3 {" l2 Q7 I5 w W8 K, E
B)# j1 Z' b; Q! ]+ l; @) T
Management can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures., w, c6 W* |0 V2 Y
D)
* U) E! ?! i1 JThe firm can save money by not issuing securities in the capital markets.* Q E* e ?0 f- J1 E8 ]% M
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Question：38 - 98654 ?- L* ]4 U& \
Overestimating 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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too low.! q. E* o: e) {
B)
G) {! _% N' c2 [can't tell from this information.
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0 W; P/ I+ |1 D* Stoo high.2 i0 t: r$ c* C( k+ [
D)
O" R, M* s8 A& F' Q+ H7 @very accurate.
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Question：39 - 9849" y, R9 L0 i! r; F# U
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:( P2 E, {, j# n
A)
8 @+ x6 ?) i, e- G" [relative value.) E& P4 e! @/ D: c! i) V7 @
B)) |* I5 ?, Y" ^0 z& I
future value. N5 ~! w6 {8 u# R1 T, y8 ?
C)) f( y4 ~: O' ^0 {5 C6 G, c3 s
intrinsic value.
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5 l1 M/ r, L# Nmarket value.' W* a- a' o/ W5 h* v) f8 N& d# a
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Question：40 - 9947: I' z& ?& d S, L) ?
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?+ ?+ k& n( d5 I ^ O m( A3 e
A)/ p, X/ m; f/ {8 `/ r' h: X# o
An 18 percent market share is sufficient to create a sustainable competitive advantage., Z* b( ]* E- J7 @! J
B)
8 _: `5 M; F6 c; |) cAn 18 percent market share is too large to create a sustainable competitive advantage.
( a$ A$ \) U( `6 PC) e! j& z/ C( f. s$ S
Market share goals are not a competitive strategy.2 P1 [$ ~; E# A) w. i4 x% x
D)
: S9 S% T, m# E; R$ Q1 W: KThe 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
