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Question：36 - 27854
" c; J x6 c; |. u% a2 bWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.! e3 @) m8 z, O! `) v$ {1 a
C)
. g. T- r1 G+ y- Kchange the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.. X9 D" h+ [2 e J6 k/ p3 Z; j
Question：37 - 27901- D% J3 A2 G1 b" S Y1 O
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
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/ d& Z& ~3 q: FManagement can channel free cash flow from mature business lines to high growth ventures.2 ]; c' c7 U" y$ D9 w' M2 U' B) j& \8 E
C)
1 s1 Z7 W3 d& a' V4 i& PThe firm can credibly signal the quality of new ventures.
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865$ Q' K( c2 a6 R4 |3 B9 c
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be: ?' m& K" j7 w+ [3 H# A
A)
, G4 G/ d$ |' M ^5 Z( V9 qtoo low.2 N* Z9 E. N. ~+ [3 O
B)5 r' d+ |, u, j8 j& `4 M0 ^; A
can't tell from this information.
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too high.0 Q6 v8 e8 J2 ]3 |5 T' V9 L
D)
V/ o @5 S0 O: C7 U9 m, lvery accurate.
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/ k$ z3 Y- P5 ?- F( U1 |: hQuestion：39 - 9849* ~' {7 Q$ [9 f9 I Z' f
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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4 X2 e7 {* D5 n3 ], v. u3 jrelative value.
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& u6 V# s+ F/ r4 n$ P6 |" Wfuture value.. z+ K) ? ~' i1 J4 @8 q
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intrinsic value.* n) T7 @. B" q: F" H6 [
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market value.7 d: {% w' B* t) C4 j
2 }1 a3 Z4 L7 }, Z0 H* P5 YQuestion：40 - 9947, B, E; [* s) N3 j. S
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?
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- I4 `( ?' e0 C5 E7 Y/ SAn 18 percent market share is sufficient to create a sustainable competitive advantage.3 {8 r- q/ H( H. a
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An 18 percent market share is too large to create a sustainable competitive advantage.
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7 u0 l" l! y2 @Market share goals are not a competitive strategy.
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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
