|
|
Question：36 - 27854- [" c: a& C3 s6 d, k5 x1 M: f
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:/ m! c! L% a9 l6 D% K4 {
A): G" ?! }# V$ N; z7 ~. m
provide managers greater job security.
E1 _8 b; {8 O+ b2 AB)& E$ S: y) Y( p( G( B7 ~! p" t
may start a bidding war for the firm’s shares.8 K! @ [2 q k5 R; W; i; ]$ U
C)
; G6 k9 c7 H+ G* Vchange the firm’s legal status from public to private.
0 f' X& [1 e4 a7 N; ^D)3 W- p+ R) u. Z+ }/ `1 w$ `5 \
force the acquirer to negotiate directly with the firm’s Board of Directors.
' p# P- p, _# e) V( V& VQuestion：37 - 279018 y8 W# Z) J5 u& o1 Y: a
Which of the following statements regarding internal capital markets is FALSE?5 R4 K8 Q" @* n+ F' t
A)
. |0 B" z7 X5 h, J) Q. UPolitical obstacles are likely to exist in efficiently allocating resources.
3 x% V( t' M" L" d3 nB): c/ ]6 I, C8 ?2 n( t) v) X1 X( @( e
Management can channel free cash flow from mature business lines to high growth ventures.
- r% w- @2 m! Y* O+ X8 J, U$ C: ^C)
* F. P# O$ _. u( M9 QThe firm can credibly signal the quality of new ventures.' m" {3 A. h7 _& e0 g& n6 j
D): ^; \- o& h8 @, c7 o
The firm can save money by not issuing securities in the capital markets.. e8 Y9 {& S0 B8 ^
; f6 F( u+ e+ I4 m5 p0 yQuestion：38 - 9865
7 @, ]. M F& }# `. oOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
3 i" L! S& s& W8 w5 E+ d/ f& ]A)# f, e2 J1 `: x- w) W
too low.
- C$ C0 }8 ^. `& ?( YB)) y t. E6 t& W* ]- F4 b: r' D
can't tell from this information.& n- L9 l X' f1 \7 m2 ~1 R
C)
9 d* j: l% @& stoo high.( P4 x" F7 s7 b) Y# d+ s8 w N
D)
4 U+ u! n8 h; E v2 Every accurate.+ I% }* b+ n7 @
( o1 A7 R& v, g
+ V6 W2 E& ~0 K( {& sQuestion：39 - 9849
+ N C7 ?- ~+ Y) C5 U/ g* @1 iThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:' l* S8 ?+ U6 l; Q/ K& J8 ~
A)
# V0 g5 I" N1 E b$ H+ U7 qrelative value.1 P$ y) x% Y. C8 s# g) c. x& l6 @# ?
B)7 x9 L8 x4 ^" z% a& M3 x/ S' U5 e
future value.! f4 I) D. P- |- I4 Z+ m
C)7 h" |0 B4 W* u9 E6 m3 H+ i1 x
intrinsic value.& y5 q: W$ K4 Q
D)
% w: |- O2 }; c3 h. U( Xmarket value.4 i: F: _1 z' u' T3 w }' S1 q
. l w; G2 B: Q: T1 f- _! IQuestion：40 - 9947
( {/ m3 a; ^2 O) y. MRoger 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?. Q/ G' ~. u' u( F
A)5 @( d! M! `7 N; ?+ n: d. m
An 18 percent market share is sufficient to create a sustainable competitive advantage." E1 ^$ v2 h* @: i' U
B)
7 a* I4 g* ?' {" }5 @2 SAn 18 percent market share is too large to create a sustainable competitive advantage.
! r! I& W, m0 o9 k4 @C)6 Q, @$ L# o! R
Market share goals are not a competitive strategy./ S; i$ A: m/ c, z8 ^& [
D)1 P( g% ~; S! `3 L$ [, _
The market share goal must be considered in relation to the number of competitors.
! s% Z& T) m/ K+ [" [# [* c |
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
