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Question：36 - 27854; v5 I: \: D2 |4 z8 K/ C; A! u* v
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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% ?, G6 A( \3 I% ~8 S) q8 ?# }provide managers greater job security.* s7 A6 W. Z# t1 h- p
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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.
r; A: i& F; x" i7 O* r9 hQuestion：37 - 279019 \( q9 B7 n+ r4 e
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
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' ~/ ` p" I/ \5 kManagement can channel free cash flow from mature business lines to high growth ventures.
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" g) W0 }; u+ [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.. h* V- L7 ~1 y: g+ W
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Question：38 - 9865
& t- H; G! l; {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.7 O5 G, w" b: v, y+ `
B)
; }4 q; v; {% M7 B( G* h5 scan't tell from this information.& p$ l& b; ?: D @8 ^
C)
1 L+ Y/ |( N* D: D0 q* atoo high.9 ]* Q E1 a u3 w2 z: Z% W+ m! b
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very accurate.
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; y8 u" L5 Y: `& V' G4 K3 Q# XQuestion：39 - 9849
4 o8 i- h9 B/ E6 V6 l# T3 @. }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.
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future value.: c- K8 f* z4 ~+ M
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intrinsic value./ |1 w" @- t/ U5 P
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market value.
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Question：40 - 9947/ l! o# }& n. M: l+ s9 y V+ T, Y
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?& w* F! M) G/ D' y6 `
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An 18 percent market share is sufficient to create a sustainable competitive advantage.# M K5 n/ k4 I1 y
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An 18 percent market share is too large to create a sustainable competitive advantage.: |' b; j2 ?) E6 E) H
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Market share goals are not a competitive strategy.
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The market share goal must be considered in relation to the number of competitors.- z7 `& d9 I6 ~
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
