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Question：36 - 27854! t1 e6 G- T4 G' B$ N
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:) s) `+ c5 z7 w: f
A)
N5 W$ g, H7 f% t8 p8 X# Y; n& uprovide managers greater job security.* K$ I9 k. |! A- N j
B)- M" K) h; K u9 Z& l/ ]$ E' i9 D4 z
may start a bidding war for the firm’s shares.* k7 a O% }1 |; B4 n3 f% f
C)
2 ]4 X2 s- c7 w( G, B. M/ l/ z- tchange the firm’s legal status from public to private.: R9 M7 z( j, q" J- [. E' ^. |
D)! R/ e/ ^3 T# @- z' S; D
force the acquirer to negotiate directly with the firm’s Board of Directors.
( m/ n8 ~/ v' D" ]Question：37 - 27901% S: D( g: r( W4 X
Which of the following statements regarding internal capital markets is FALSE?4 O0 ~: ~3 C' D4 P8 c5 N8 o
A)
& W# C, z4 h& K2 ZPolitical obstacles are likely to exist in efficiently allocating resources.8 P7 x5 H" q+ D: [- N: \$ B! R
B)8 H8 G S& o) T& S2 @
Management can channel free cash flow from mature business lines to high growth ventures.6 G9 y' N- \- J! ~, T6 G0 ~, K
C)+ `' Y. Z! M" l ^! {8 r
The firm can credibly signal the quality of new ventures.8 ~: y- h$ Z, @! X) l
D)
1 Z1 }/ l1 G. d+ r$ TThe firm can save money by not issuing securities in the capital markets.
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! w1 l; W8 b8 I5 s: g8 wQuestion：38 - 9865
- I9 ~) M( R1 l" o5 Y" VOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
6 ^4 m% h" g; ^; rA)
' i: E( }% e" R% a. M# Btoo low.
4 Z6 {; T3 V, d7 wB)
$ s9 e( \+ J: B! R: h wcan't tell from this information.
. T3 u7 p" {. U7 ~C)
; k8 c7 ?8 C. _' Z' x G. L* Utoo high.3 m# p$ s3 p. c% r3 z
D)
3 M* E7 G" I/ t; C: overy accurate.4 ^' s/ \ A$ ?9 m! b
* U- y& k. ?7 z o3 b
# q# i: W& N7 `( R" C! SQuestion：39 - 9849
8 B( `( W, }! R1 d2 A* uThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:# B; N3 D" M+ d7 W
A)1 K* [+ k/ g3 E6 T- X9 Z% J! h
relative value.
4 ~( V+ M: D+ _9 S+ [. | D: DB)- l# R" b: D9 k6 R
future value.
( ~" @# M0 Y3 P6 ]6 ^C)
2 P$ m7 W" w6 P p/ |+ Y& vintrinsic value.4 @+ d, j! U! Y/ D
D)/ |$ A& f A, {& {$ q |
market value.
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, q Q; O3 J6 L' O ]0 m. n. uQuestion：40 - 9947
, ], x3 }3 ]3 pRoger 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?
* w/ Y9 ]! @4 `+ {( b' @5 nA)
+ ~3 e! {7 [2 W HAn 18 percent market share is sufficient to create a sustainable competitive advantage./ h* P; T) U- {* q% e$ I6 H
B)* m7 y+ W$ }4 h) S
An 18 percent market share is too large to create a sustainable competitive advantage.% y, [" B$ W5 |. I+ t
C)3 h+ p# G1 @0 E# t& V
Market share goals are not a competitive strategy.
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2 @# @0 y* f6 P9 g9 EThe market share goal must be considered in relation to the number of competitors.+ p" C, t3 m2 U" M$ }
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
