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Question：36 - 278542 z" q; A: [( z T
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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6 v6 ^ V* K9 G, D6 M) z$ T. J& iprovide managers greater job security.* T+ A9 n* Q4 O2 M# M
B)
) x. A( W: |- T4 I+ fmay start a bidding war for the firm’s shares.* n+ s( {8 \6 T( ~% U6 o- H$ O
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change the firm’s legal status from public to private.2 N/ S. u P+ ]# V/ T
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force the acquirer to negotiate directly with the firm’s Board of Directors.
% q0 X+ h$ D! {9 \) R+ E7 QQuestion：37 - 279016 ? b+ ]0 u s; R+ I
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.$ g4 |) ~1 {: S+ g
B)
/ J k3 [6 i: A- G8 w: _6 mManagement can channel free cash flow from mature business lines to high growth ventures.
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0 F( v+ _0 `5 s: tThe firm can credibly signal the quality of new ventures.& U+ J+ w L$ B7 m
D)
; v& F7 p8 p9 X% `The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
- S) k! P& E3 M" MOverestimating 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.3 V: n0 K( z4 x+ d" K7 F4 z
B)
$ y0 R5 [+ {% G8 _/ Bcan't tell from this information.4 k: |9 ]4 M; {' g2 c" B1 N
C)% K6 U# W3 m+ W& Y* T
too high.! [: k, }" |5 c8 m$ g- f4 l
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very accurate.; N, p) x4 s* l7 N0 j. X- ]- U
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Question：39 - 9849- T, C# B f3 s& V1 r7 v5 M- h- ~
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.6 N3 Q, i5 G* O w1 F& p9 |
C)
4 g: K J4 h2 ^1 Cintrinsic value.
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market value." d2 a, d3 ? y1 V# b0 j
2 W8 Z% A. @1 gQuestion：40 - 9947) k. Q9 f$ E4 m( Q2 a: ?, j. A
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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$ i V0 l6 t$ D1 u+ mAn 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.( x/ ^1 J( t5 w1 U1 s# o
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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
