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Question：36 - 278548 u% m( I K# [' b
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:% ? R) w4 ]# T
A)/ v4 I7 O( \) Y: B. `
provide managers greater job security.2 j2 V7 |8 V1 s' @
B)
5 h0 ]9 J( N/ W; Q9 X+ }may start a bidding war for the firm’s shares.$ G. @; X6 }/ z. S/ |
C)& v7 U7 k J0 n8 b$ x5 w) \
change the firm’s legal status from public to private. ~0 I% W) M" h8 H( E
D)
- E; X# p7 i* t, xforce the acquirer to negotiate directly with the firm’s Board of Directors.
$ L! E7 q+ E! k RQuestion：37 - 27901 D* p$ W# b9 Q6 _) F% `$ T: i
Which of the following statements regarding internal capital markets is FALSE?
3 M+ H; O: U( z1 z) j6 tA)* f3 o7 G0 B4 ~/ D: P o- F
Political obstacles are likely to exist in efficiently allocating resources.; N6 v$ l! l1 ^
B)
- l" a0 U% u, w+ B5 NManagement can channel free cash flow from mature business lines to high growth ventures.
2 u+ S* `- }9 F: y- pC)
+ g; x6 x6 ^- e% J8 XThe firm can credibly signal the quality of new ventures.3 m9 E1 x8 P5 p H- k6 |
D)
& V7 w4 e: k+ E. uThe firm can save money by not issuing securities in the capital markets.4 ?, k. b! [8 }. u3 {% G
1 M2 U% Z( j' c. c9 MQuestion：38 - 9865$ G1 r9 x* s3 [4 R5 { P
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be: _9 P/ O7 J* c3 Q8 f2 [
A)
0 P6 ]) Z# V; atoo low.
! ~7 L9 U) ?4 k/ e- ZB)
% r- K# k3 q+ f5 Q( y ]) \: [( qcan't tell from this information.7 D! A) H" W9 N& |& \. _# o
C)
7 F1 |; j. p7 mtoo high.4 Y# B6 }6 @5 ?5 D- ~
D)
; O6 _' o# v9 r1 n0 m- k: Bvery accurate.% S) V) P' O% d
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Question：39 - 9849
+ r0 F+ k4 W& x F+ l" g7 wThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
! }! P, P& J! {/ a' z& i6 V$ y* KA)
8 O q% |' l$ `relative value.
5 A/ |4 y3 q( z/ a7 z# }9 UB)
& \+ D! t8 j! |1 n6 i1 nfuture value.1 @8 X0 @& @8 j) E8 N
C)$ N: Z0 p8 D' ~; a
intrinsic value.
( o4 j) l4 F8 v" b8 dD)/ B/ U5 S- ^( \; |& E! _
market value.
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0 ]6 n. C# u' h! h: l$ c2 SQuestion：40 - 9947
4 t- y& q) i$ J8 v: uRoger 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?
+ [! D, m5 T! Z, |! N+ K8 O& u, C! dA)
, K4 c% t4 r/ d, H5 G6 ^An 18 percent market share is sufficient to create a sustainable competitive advantage.& x* q7 U$ S m- |$ n
B)
6 S- Y, _2 x7 V8 U' M3 ~An 18 percent market share is too large to create a sustainable competitive advantage.$ O+ [* J$ R! z6 y
C)) V& ~$ {# y5 a( @4 T
Market share goals are not a competitive strategy.7 M0 H; y6 ~2 X2 H5 n9 v7 r+ o; m, r
D): `- f& U; j; z
The market share goal must be considered in relation to the number of competitors.) z$ f. Z2 ^7 U, o o' r
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
