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Question：36 - 278547 \* H- V& I" Q4 @, O
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:/ B9 z) y& Y1 d" K
A), s3 r# N/ G1 v- k$ a2 g/ U
provide managers greater job security.
+ H, a W: _4 `; h P* {B)! S8 |0 D$ g. r0 Y" N
may start a bidding war for the firm’s shares.
2 P3 |6 f r& }$ Y& U: F% ^2 }C)
6 i" Z% B3 W0 ]change the firm’s legal status from public to private.
% `" W1 P- h* D1 U2 U& e( OD)
0 ?( y/ C9 e ` q7 A9 v' ^force the acquirer to negotiate directly with the firm’s Board of Directors.
2 t+ J& i4 M% h8 P# [Question：37 - 27901( s" n$ W0 D! `1 Q; A$ ~! Z5 e7 t; L
Which of the following statements regarding internal capital markets is FALSE?& G; m# }1 e. x) V. W5 ^& u% E
A)
# O7 l3 i5 G. _ M2 X1 v FPolitical obstacles are likely to exist in efficiently allocating resources.
" G* z& |6 K& E; iB)
# L2 m! C: J+ G I7 H! ZManagement can channel free cash flow from mature business lines to high growth ventures.
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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.) i1 Y9 T- m; R c% h& R' o; f8 W
# X/ T& G# g' t F
Question：38 - 9865% ]( g4 `" }8 h8 M! _" v0 X2 i8 d; B
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
$ |( a$ `: ~9 x: @A)
3 g& B6 y" D# W7 b) a0 a% L4 Ltoo low.. [/ U) ~, B+ |% g3 n3 J: H
B)% {* K) K' u, P! Z4 s6 g
can't tell from this information.
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too high.
( k/ V3 r' N; t6 f2 [D)( L6 U0 V) V, ^! _1 D5 [
very accurate.
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Question：39 - 9849
6 ]$ ?1 B* ?+ @2 k+ eThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:) z3 l& Z3 f _- P8 Q9 [
A)
2 D" J% `8 D7 i5 Hrelative value.
/ p- y8 t9 H% V1 nB)
7 N U" a) D& ^future value.
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4 C x# z/ }' q5 h" Rintrinsic value.9 @$ w' M1 M4 ~; p" e0 i
D)1 S, H. a& {+ j, ^5 w6 K- O, h
market value.3 F- L; g) i* ~" H) ]5 s6 b, g
2 a, K8 o/ i& d- ?Question：40 - 9947" I$ f3 L0 b% {! H( E3 j) i' ?2 g {
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?
2 S n; u- Q/ E. H: NA)
# ]# m5 P# m. l, i. n" v/ VAn 18 percent market share is sufficient to create a sustainable competitive advantage.: _2 F( k( k5 P- _! O" M$ r
B)
3 D9 ~: b9 P: b- b- T7 C/ {5 ^3 O# ^An 18 percent market share is too large to create a sustainable competitive advantage.+ ]0 d* [; s! M* a5 ~, D( V
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Market share goals are not a competitive strategy.- L3 \9 u( n& c I
D)
/ w X. M4 o# J3 P4 x$ A0 n+ PThe market share goal must be considered in relation to the number of competitors.# U6 ^2 v/ T' T8 i0 Y
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
