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Question：36 - 27854
8 C4 D0 s5 i. B0 j4 R' qWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.3 G5 r& _6 t; H& G
B)+ C$ F' O% P& W$ I8 \
may start a bidding war for the firm’s shares.- g1 |1 ?* i1 g8 }+ G0 d
C)
2 s* \) c) o, ~change the firm’s legal status from public to private.; M* r1 a2 m/ v& _6 ]3 l
D)
: e0 o* p' u( Z8 c1 bforce the acquirer to negotiate directly with the firm’s Board of Directors.
- a) H: t1 ^. e6 o) aQuestion：37 - 27901
9 d: z0 l/ L8 S7 H) KWhich of the following statements regarding internal capital markets is FALSE?/ k# T: h8 U( z1 V- S; S8 w. e
A)0 j. A) @' q( m: M
Political obstacles are likely to exist in efficiently allocating resources. k( H; e, e6 g( G( E/ e5 D
B)/ p/ `% _. g! P) `8 }
Management can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures.
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: K8 M `+ W7 }+ mThe firm can save money by not issuing securities in the capital markets.3 T/ q" |- ~8 r# Q
- j, v9 J6 x' ?) hQuestion：38 - 9865
$ h4 c! i+ i. @( s* WOverestimating 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./ _, v# k5 v7 R$ g
B)
2 R9 U2 }& B5 Jcan't tell from this information.
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% v/ Z4 u1 s$ p- [too high.3 L; h' H5 d$ s/ Z& O
D)% c' w2 i) g! j, X) R8 z
very accurate.1 f8 X W: f/ H; _3 u s
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Question：39 - 9849( I; Q$ H7 Z2 C( i/ J
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:, p# m [3 v. ^+ O+ j
A)- T' x; H' U8 k x0 }$ U
relative value.- {: k0 K+ \: ^! c0 L3 E; [
B)
6 c3 _6 [9 g+ p5 b0 Pfuture value.6 v/ @& Z7 R$ q3 n, R' z2 g
C)
1 S) O3 k0 V* h7 p3 fintrinsic value.% l C7 G. f! U
D)
! F# `, K% s9 Imarket value.- f: a3 h- T) R6 v6 D* C
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Question：40 - 99475 j" Q* m. h% v8 \. n) w0 L% I2 J
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?) {( v6 O" i5 f' C: {! A) E y
A)
% ?! Q" o. b# D& X% I+ HAn 18 percent market share is sufficient to create a sustainable competitive advantage.
L+ Q9 c: S; X5 W) N* x; P( ]B)
$ E# C' z$ Q2 P- `3 ~4 QAn 18 percent market share is too large to create a sustainable competitive advantage.
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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
