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Question：36 - 27854! X. I" k7 {) L
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:' y# r* K$ l$ [# o& `, c
A)
* G% _' O: s O7 Eprovide managers greater job security.
3 z) L9 x$ F1 k7 jB)
: ]" N: B# e) ^- Smay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.. Y2 D9 D) c# r0 e5 @& L
D)2 y7 N8 a/ z# V/ k8 x! D! n
force the acquirer to negotiate directly with the firm’s Board of Directors.
$ P* v) K/ Q- @0 ^2 SQuestion：37 - 27901 S5 T3 X J5 n
Which of the following statements regarding internal capital markets is FALSE?2 H6 s7 Z4 B" T% A* z) l
A)
$ Y: X& p/ N% g- tPolitical obstacles are likely to exist in efficiently allocating resources.5 y4 k3 U, P; g. R- N5 L6 y$ p$ D
B)
0 Z% _, A2 B0 q0 [- u) KManagement can channel free cash flow from mature business lines to high growth ventures.2 W- Y* }+ t0 |
C)7 [% q Y( Q6 T- N
The firm can credibly signal the quality of new ventures.
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865, D: F% j! q& o; W! [* b1 H. _6 b
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:! n' j l# a, H3 b0 m+ o
A)
2 f; U! {4 Q$ {too low./ d) b7 v- M# H
B)
# y, Z+ i6 Y! u% `( O! Ncan't tell from this information.
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too high.
3 J, X- F9 Z: e: N' ]/ \; vD)* ^6 X7 p& v; K4 M- u7 X% Y- \) ~, `
very accurate.
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Question：39 - 9849
7 ]1 B6 }' o# \1 ^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.7 ^ Q% {0 z, H
B)/ K, Q; T+ y6 Z! e0 Q2 e
future value.0 X' r! X" M9 o5 X
C)% M( g8 l" R; x4 K, O' Z( ]
intrinsic value.$ N9 R2 V/ V! W W4 M
D)! T$ r: |+ J- l' q# ^" _: x
market value.3 }$ C% a C c8 I- Z
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Question：40 - 9947
% A. D# a5 m5 Y( H; X( o) ?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?# K6 C* p0 Z' ~/ l
A): v0 f1 q+ \% @; h- z& K
An 18 percent market share is sufficient to create a sustainable competitive advantage.8 P3 `, s: |* _5 V. K. O6 k
B)
8 n7 g$ c0 a* f% c, J3 dAn 18 percent market share is too large to create a sustainable competitive advantage.
7 d) c( I0 C* J1 zC)
, L+ ?( A u+ q! jMarket share goals are not a competitive strategy.# M3 ?2 \7 Y% i2 D# `
D)
- K6 V0 g9 v7 F: H: OThe market share goal must be considered in relation to the number of competitors., _$ [$ y6 f3 i8 ~4 P& c
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
