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Question：36 - 27854
5 W! Z8 Y' K! C- L$ ~0 j$ k" I( k0 IWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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4 z- X+ U( U. ^6 r( pprovide managers greater job security./ T* g& ?. ]; o1 H( F; a/ {/ x
B)/ a7 |2 s+ Q1 [+ k+ f2 A$ ]. |
may start a bidding war for the firm’s shares.0 ]. g, M" v) c
C)
% X: |, ~% ~% Y- S; Gchange the firm’s legal status from public to private." J; d. b; m' X/ {$ b- d! R2 f
D)
" y x% w% X2 r' m- @1 T. F& b) yforce the acquirer to negotiate directly with the firm’s Board of Directors.
- F7 `5 x! k. m, y- B& _Question：37 - 279018 g; [, n0 k3 B" o, `; i! M6 {: `
Which of the following statements regarding internal capital markets is FALSE?
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5 Q2 c* _* Y G- F& Z7 zPolitical obstacles are likely to exist in efficiently allocating resources.9 `5 c7 `8 k% O9 A' s/ y6 `
B)0 H7 n% N$ B7 J4 |, b8 K' n
Management can channel free cash flow from mature business lines to high growth ventures.4 J2 ]& e6 G/ |3 M, H
C)0 _9 C& Q" H7 o. J0 G
The firm can credibly signal the quality of new ventures.% Y4 ?3 f8 d0 Q6 W1 m9 \ c8 M6 h6 {" [
D)
: _ a+ o6 w% G. s8 w$ B3 fThe firm can save money by not issuing securities in the capital markets.
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! I1 M2 s1 r. kQuestion：38 - 9865. ]) L* z1 m+ [( o6 p
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
1 m V; \2 i4 {8 J- M, `! MA)% o$ D- k( \ d' L" ~. o' c t4 |' O# n
too low.' d# R5 q% W( h# N* r7 N( l9 ~% ]
B)+ f- c3 T. M2 b5 j* W: D
can't tell from this information.
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|- Y. {: o+ d8 W4 k; V) htoo high.
o5 W4 U4 h) {! F) ^' LD)! u' K/ }. x& n
very accurate.
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* M: C7 J1 v" d/ }) \2 ^Question：39 - 9849
) e) v: V) g% w4 }" D9 y2 ?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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. @/ }& ~( G5 {7 Crelative value.
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future value.
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intrinsic value.
3 h( c0 j5 K8 |5 ]D)
$ K, V! z) w4 R9 c5 G* dmarket value.2 l5 E% q4 _& d7 [+ G
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Question：40 - 99472 _6 y0 o! t) h7 x
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?
7 m4 P: {$ `" yA)
; |5 }9 g# C o7 N% V6 FAn 18 percent market share is sufficient to create a sustainable competitive advantage.8 f$ n+ X. [8 p. Z3 n' j* e
B)
) }+ v6 ~- [7 r* Z9 ]! D$ H+ AAn 18 percent market share is too large to create a sustainable competitive advantage.' G: x; w2 A+ `8 J; Z
C)
2 h$ m& b1 s: W/ x7 ?Market share goals are not a competitive strategy.% d) h& X. m6 a- W) S
D). n+ t5 Q/ w) ] _: e/ j4 c
The market share goal must be considered in relation to the number of competitors." x+ V o9 p4 v5 U
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
