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Question：36 - 27854
2 t W- j0 d& @! V# }* ]; x* K* H. HWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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4 f$ S4 N& _3 p D) K: I$ Vprovide managers greater job security.0 }7 _0 t) q6 \# w. W
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may start a bidding war for the firm’s shares.
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$ z0 k3 x5 i5 X+ ^* j; zchange the firm’s legal status from public to private.. Y; f3 ^2 W6 _: o( v f8 m8 H
D)
- ?1 Y# _' P4 V8 l, `+ tforce the acquirer to negotiate directly with the firm’s Board of Directors.2 O8 k9 A) L- h) R D* P+ M
Question：37 - 27901
5 U. f# k) f0 M! T! nWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.* E7 a8 s. M a
B)
, |* l, |1 h- ]! a' B4 ~, l% o$ QManagement 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., V5 u* n; x6 J7 l% q7 l# B! l
D)
) g! `6 j, H1 }1 h" N6 `8 H6 {* sThe firm can save money by not issuing securities in the capital markets.* r" D: ` r/ X, r
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Question：38 - 9865
2 P! a& _( ?2 sOverestimating 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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1 q# Z& g. D& y w8 c- M# W8 C8 y0 otoo low.* z+ }. T. J4 d1 b* X6 B" L
B)5 }+ W/ X2 H, ? ~. U
can't tell from this information.
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too high.
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very accurate.. B5 U( w; W& y
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8 g# q- h4 M1 c7 U7 Z2 PQuestion：39 - 98497 d! A" y) G7 h% G% a
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." E9 C, I7 `% ^( C1 E; q
B)
! q- M! O: B% |future value.2 F v; g9 C b% _ e9 A
C)% t1 m( q0 p+ ?
intrinsic value.) Q B& j' t0 s2 n
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market value.
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Question：40 - 99473 s8 f# ^) \8 v1 L
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.% T4 Z0 A c& W' C4 D$ O2 ?9 I. J
B)
0 D( F" { `5 r" IAn 18 percent market share is too large to create a sustainable competitive advantage.# B3 \! U6 v3 l! R7 y ^
C)
! ^ ?4 R& d3 tMarket 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.
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
