|
|
Question：36 - 27854
& m4 |0 Z8 h) P4 l7 s7 @Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
" I# ^/ I8 @- U RA)$ q# s0 Y& }1 A; B7 R% F
provide managers greater job security.! w3 p1 R! I8 `8 P; T+ z7 V
B)
9 I! D5 r% ~; L8 ~. P8 K& w7 vmay start a bidding war for the firm’s shares.+ S; S; I: ~. S% D: h
C)& w* f3 f0 j3 i2 N9 D
change the firm’s legal status from public to private.
6 Z5 b: H8 E7 @8 Y: [. fD)
* l/ V0 _! ]% a& rforce the acquirer to negotiate directly with the firm’s Board of Directors.
/ k2 X1 M, Y/ m$ z3 L5 u1 @Question：37 - 27901% \$ q+ x* \( @: z. ~( m9 L9 X. K
Which of the following statements regarding internal capital markets is FALSE?0 c- n' X2 A' Y. ^1 P! c; x
A)
- \, y1 j; Z' m/ [Political obstacles are likely to exist in efficiently allocating resources.
; _& U& Y8 A, R# B& I( ?0 X8 OB)
, J; Q: V* P( u w# j7 bManagement can channel free cash flow from mature business lines to high growth ventures.
% q- T( N/ e- a3 wC)
+ p0 c+ Y$ Z. g) f3 yThe firm can credibly signal the quality of new ventures.; E5 G' E/ G' N/ w( u; O
D)
- n, v* Y8 d/ S8 {The firm can save money by not issuing securities in the capital markets.
/ q3 }# u; ^9 q1 O
7 B( \% I2 c( r; A, {Question：38 - 9865
, O5 s- [8 i. G) L7 Z% YOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
! m x! m; S, q, }A)/ E/ h( y5 F9 f1 c* Y3 Z
too low.
) }5 V; [3 B% v0 s0 v1 v" `B)8 t$ R- W: E/ ~" Y6 x7 C+ v
can't tell from this information." w+ U0 I# [2 I
C)7 [# v* }3 R2 Y: w. A, O6 d8 T
too high.
. L0 X% ~4 f9 H {7 h% c/ K( a1 pD)
' m7 O* Y5 t8 n/ yvery accurate.2 x6 D+ p; ^& Y7 P
, _0 O2 ^( n9 z4 c- X/ O+ ~
) b+ B* e' @0 \/ H3 YQuestion：39 - 9849
+ p: I& B& z/ o% w8 A: l# m1 O! XThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
) N9 s% e M5 ^: XA)
4 c5 [. @9 k! A* B- G+ z3 Erelative value.2 ~* J; m( k) S+ M9 ?
B)4 b+ ?* y0 o* N& d1 _. {4 b/ n
future value.
* P7 P# q3 u8 J4 h: i' `5 \C)
4 r* t$ s6 s, E& G% dintrinsic value.; E8 }4 c* k% m4 m% [
D)
' s! S" j0 H$ m0 B' Z% X! Omarket value.
L* J/ e D5 |' m8 F# F
: g' |0 P4 n9 l0 XQuestion：40 - 9947
& O/ k$ K3 W, i2 |% f$ |/ q+ O! TRoger 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?" }1 S! P8 N* V0 o9 U4 I
A)
# R8 Q4 V. ^: K+ v6 I7 ]An 18 percent market share is sufficient to create a sustainable competitive advantage.1 {1 D6 z6 ` a$ l
B)# g6 j3 x, n$ f7 Y- R: s( u
An 18 percent market share is too large to create a sustainable competitive advantage./ h+ G, M. N0 ]9 w, z2 `
C)7 v2 |3 [# Y z
Market share goals are not a competitive strategy.) f+ ]: ^& u, i
D)* n: B T) J7 d9 U9 {
The market share goal must be considered in relation to the number of competitors.
+ M5 T7 ]9 b9 U* { |
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
