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Question：36 - 27854
# {+ E, H- X$ w/ {Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:5 @- F, i8 I7 V2 z. N: z
A)
9 c2 p$ S: ~4 F2 m/ @provide managers greater job security.
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may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.! Z! _/ I9 s" s2 Y5 r" d
Question：37 - 27901
# C" c8 c' Y9 A% M: N% lWhich of the following statements regarding internal capital markets is FALSE?( r, y5 z: q0 C e# h/ T( j
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Political obstacles are likely to exist in efficiently allocating resources.. I# {0 @) y& Y
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Management can channel free cash flow from mature business lines to high growth ventures.7 l( m: y: k) ?1 f3 H, Q
C)
5 s$ E/ C0 Q! m' cThe 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.% _8 e3 U2 n) G
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Question：38 - 9865# Y. d) s- D3 {* c, |+ O2 W
Overestimating 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.
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/ s6 ], L2 |! y8 ecan't tell from this information.
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too high.. z- d$ d8 E) J8 ?
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very accurate. n# o: u0 T4 w4 J& D5 o1 r J
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Question：39 - 9849
! F! a0 z0 H; U0 fThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:1 S$ t- [3 ^5 @) U
A)
: P4 }, P6 G# K7 `6 yrelative value.& I6 i% s( u2 e: A) G4 s
B)$ v0 N j* N3 u9 x6 C/ q3 A& e2 V
future value.6 Q t2 z: i0 {( t. o# I
C)9 t: ?0 B$ {+ X1 i" G, Y/ `4 N- q
intrinsic value.0 _& g% S3 L5 p) c* X) [
D)
# A% {. C) ~6 s% ^9 G) b. s; bmarket value.9 A0 u4 C# P/ B
8 H9 [% c- T3 U; h$ Z5 z: SQuestion：40 - 99478 ^) u. l; |" H* `
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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An 18 percent market share is sufficient to create a sustainable competitive advantage.
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* p7 Q6 R7 n+ { _An 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.' J" W3 O# S/ w8 f4 i8 V, u
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The market share goal must be considered in relation to the number of competitors.; n3 n- U& S( }" T/ d5 i
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
