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Question：36 - 27854
0 o0 k6 ?% z: b) r) D- E1 hWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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3 ^( c) d6 m+ V; nprovide managers greater job security.
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) ]" c, c, V/ b% Y; qmay start a bidding war for the firm’s shares.
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# h; |; u+ A3 R5 ?change the firm’s legal status from public to private.
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2 g& ~3 L1 h- ?/ |" ?$ S e: Eforce the acquirer to negotiate directly with the firm’s Board of Directors.) h( [2 A$ `3 w" C* q
Question：37 - 27901' F& \5 @$ l3 u' |1 f
Which of the following statements regarding internal capital markets is FALSE?& |; ?' Z0 U0 q! {5 c
A)/ Z# n5 c1 B- Y; h* ^2 h
Political obstacles are likely to exist in efficiently allocating resources.
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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.1 v0 o% ~3 ]) {3 u& j. I t" K
D)
J7 b" f5 B' I: ~2 UThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865* P; {' E8 S8 q. W% V. m X
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
5 Q2 T6 d6 _5 s; l* aA)
' _# h( E8 t- ^# y+ i7 I* j& p0 N6 ^6 Ctoo low.( o+ e# d! w. \8 {. D
B)
% a7 ]" X7 V( |' g. Ycan't tell from this information./ Y$ ^( I8 Y5 A
C)
9 M9 A6 l1 \! g A/ X2 q5 Qtoo high.
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very accurate./ J! w0 G/ d7 l6 s# E' {; f9 W8 N
c) w- {0 n) o; f) t* x" I$ h( W% C0 \$ {
3 {4 g8 L; l" s, Y T9 a7 SQuestion：39 - 98495 w& o7 m( c V2 O" J7 _- H8 ?
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:+ L. q& y4 ~; c& b1 B
A)
8 P, A$ L* W+ \relative value.& \) E% @, S0 N4 P" i3 P, y5 x5 Z
B)' @6 ?8 n# R+ z8 A% ]2 [, p
future value.6 R* L% ~5 O4 z. ?$ F
C)- B. C* d5 I6 B. J9 `# w# I
intrinsic value.
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market value./ A+ V9 V' A0 [" I
( | b0 I4 [/ u( O' zQuestion：40 - 9947
1 f3 n9 B0 D/ P8 T3 RRoger 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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An 18 percent market share is sufficient to create a sustainable competitive advantage.* [: Y2 c7 M4 b; c. ]& r
B); i' ^) u: B' S9 ^5 W/ X
An 18 percent market share is too large to create a sustainable competitive advantage.6 P( }0 y9 |4 ~- V
C)5 t$ u% F8 Y* B& g* F
Market share goals are not a competitive strategy.: r$ a% ^* c; u7 V
D)
: a5 J8 {6 I/ w$ k# k! G, `The market share goal must be considered in relation to the number of competitors.) W2 _$ }3 Z3 X2 T" \' Y, H
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
