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Question：36 - 27854) ?( t) F# h( r% O& S9 s2 m
Which 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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8 L2 q# i* C' tmay start a bidding war for the firm’s shares.' ~) C! @( j4 `3 t( S# \' |
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change the firm’s legal status from public to private.
* H5 X! H: N }, YD)
5 Y, C4 V/ i: W9 p/ {1 ^ \3 F: s4 Z Rforce the acquirer to negotiate directly with the firm’s Board of Directors.
# e T# I3 u1 Q! s8 \Question：37 - 27901
/ P3 G9 X8 }9 \) E+ z: aWhich of the following statements regarding internal capital markets is FALSE?
* r7 W; X3 J% j* l. N* }- |A)
: r- L3 X# v/ D' cPolitical obstacles are likely to exist in efficiently allocating resources.
+ v) ?( h6 Q- L# M: ?B)
1 m( G2 [5 K" \' \9 `* t! l4 k: kManagement can channel free cash flow from mature business lines to high growth ventures.
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. p ` |' P8 w) tThe firm can credibly signal the quality of new ventures.) T$ s+ L+ T1 F& i, h* C
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The firm can save money by not issuing securities in the capital markets. _9 B; c9 q% T2 _ l
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Question：38 - 9865
) w& E$ }6 p) W% X& m; z! BOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:% U6 i; N* z2 F; N+ B
A)6 J0 i' I* _, f P. E- R
too low., N3 i4 \: L" B9 y- }( N$ \9 L8 c
B)
; I Q; ~$ h( u2 Bcan't tell from this information.( Z* D: f# A' ]2 B5 n
C)
3 u8 C, H" C" P. O8 P% q: D" g/ n5 Ytoo high.
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* X* [% f" ~# p1 _; t' Pvery accurate.0 ^: p# ?( {' ~+ P% _
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Question：39 - 9849$ X( t; ]1 Q: `& n* f
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:8 B) Z5 m- H: b# y$ W1 ~" R: s
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relative value.5 n( V% \+ s$ j0 g+ O
B)# Y, p* F1 q% T2 \% `
future value.- t. i: I1 X# t5 c2 O
C)
7 m% c2 j5 h! j* V- xintrinsic value.7 V# C6 r, m3 x8 J& {0 c* O7 m1 j
D)
' T5 l5 q; m1 hmarket value.! o' c, S% {9 t6 s; S
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Question：40 - 9947
a1 y- X. Z( @8 hRoger 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?* W* {8 i6 y0 h0 M$ v
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An 18 percent market share is sufficient to create a sustainable competitive advantage.
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9 E% u, f8 Y4 P% P% ^5 t3 [& K3 UAn 18 percent market share is too large to create a sustainable competitive advantage.
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; K! q6 [5 D* Y0 W K0 n5 IMarket share goals are not a competitive strategy.+ \- }8 Z+ c. K, x% m
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The market share goal must be considered in relation to the number of competitors.. p2 k) `. j" {
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
