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Question：36 - 27854$ \% Y) o" p" D5 z
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:6 c& i4 T3 i2 W- J6 c: E
A)
/ X0 \! ?! S% S* Kprovide managers greater job security.
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+ C4 t3 J$ y( cmay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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3 f) R% w/ u$ i7 U. q% v) Mforce the acquirer to negotiate directly with the firm’s Board of Directors.6 s, U y6 _- h4 }$ i; j# S
Question：37 - 27901% |8 `& M, b* a5 Y- G3 r( A
Which of the following statements regarding internal capital markets is FALSE?
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- z6 L S0 y: e4 C {Political obstacles are likely to exist in efficiently allocating resources.; l& Q$ t! U' E% `, f
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Management can channel free cash flow from mature business lines to high growth ventures.( v& a8 R$ m0 [/ `
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The firm can credibly signal the quality of new ventures.% L! w9 B8 V" Q4 ~5 L$ ]
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The firm can save money by not issuing securities in the capital markets.9 w6 K5 \! o& t! p( r* t
' s: J. B7 s! S3 n& VQuestion：38 - 9865
- a+ J. G0 q% L; W( W2 d8 o+ YOverestimating 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.# [& ?( j/ [5 u: k; }4 e
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can't tell from this information.
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too high.1 H! y7 j& G% M$ G* g
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very accurate.
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Question：39 - 9849& X# ]& Y) e- \. d1 h& {5 G- O
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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relative value.
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future value.2 M- E% X' U( e2 B2 t
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intrinsic value.
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6 ?0 R2 t* _# G) ^# T6 Y: W$ w( Fmarket value.
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4 P& e X. R& j" \Question：40 - 99475 Y* ]5 R% v+ g3 f
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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7 f2 |3 j9 ?4 a; J9 F7 C3 ]6 tAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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An 18 percent market share is too large to create a sustainable competitive advantage.
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2 d& O V- c- W$ H5 J: QMarket share goals are not a competitive strategy.1 P3 ]3 @, [+ c' U4 J( ?
D)
( P y* @1 \' ]: {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
