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Question：36 - 27854# \4 }7 A+ t# r8 }$ v. A: C$ E
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:+ J/ a4 t; g& j
A)
0 p# w- F" a; H7 u: {$ ]; bprovide managers greater job security.: ?8 {1 V% {3 U _( i0 C
B)
& H. Y* k; T% _% m7 `! S" p+ G1 cmay start a bidding war for the firm’s shares.
- s# s& a! C1 @0 w* {4 w2 dC)% c6 k/ b9 U4 t0 A' ]
change the firm’s legal status from public to private.+ s4 W: L5 P9 a6 E
D)
) W; [9 l* D C" \: @force the acquirer to negotiate directly with the firm’s Board of Directors.
: {; ^+ S/ a! p2 t$ S& {! |4 uQuestion：37 - 27901
2 [. c9 `% L, D1 U4 H v8 s; {Which of the following statements regarding internal capital markets is FALSE?& }+ `7 g3 Y- o- J6 u
A)7 B% E' l! O/ w# d$ c+ d! _
Political obstacles are likely to exist in efficiently allocating resources.
5 z+ q+ }$ b) Z) l8 [9 AB)
9 }( N( [3 \ z( ZManagement can channel free cash flow from mature business lines to high growth ventures.
% z {5 E$ [3 RC)2 j6 B: {2 w4 D: B
The firm can credibly signal the quality of new ventures.
& @) E& Z+ G- {' c- H6 ED)
% F! z4 k0 u8 [4 lThe firm can save money by not issuing securities in the capital markets.
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6 K: M8 s8 F) A) q; z" xQuestion：38 - 9865
6 t% T% m7 ^9 f6 X5 qOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:/ h; t' t1 c! s+ q% n' f5 q3 g
A)
! f; f; _3 {( ?$ e: b- L7 q5 Ktoo low.+ m; a C8 }* P2 Z7 I' i. y& s
B)
$ h# r) g. {# Z& tcan't tell from this information.0 F+ I$ n9 p* J$ _( v' J
C)
( k9 N" r9 P. `$ R8 l* C- K# Q1 mtoo high.
( d- z6 z* [2 H7 c( z `D)
4 A. B/ a! `' V! \1 H( C0 q" C' Dvery accurate.6 j! r* E! m; M+ {! R
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4 f+ p$ X( A% n3 M y0 _Question：39 - 9849
: p5 S" z4 U3 a5 e3 C# uThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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, q L8 x; C+ vrelative value.$ y S& l/ h0 F, F" f
B)5 K# i' K8 J Y @! H' R. G4 `
future value.8 ], m! M4 u1 V! A' S
C)
* R' A7 g: I% h: z Tintrinsic value.
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market value.
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Question：40 - 99473 R/ f) ]$ d! E% \; Y& H) u
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?+ z" X6 o& J1 H! v+ e/ n0 e3 m& a
A)5 i! e- e$ C5 r
An 18 percent market share is sufficient to create a sustainable competitive advantage.+ Y( X' N% M' Q' T1 r
B)3 q Q3 j z$ {* D% C5 {) D4 a% i
An 18 percent market share is too large to create a sustainable competitive advantage.9 h; V2 d+ N _+ L7 J! V, V! K
C)+ Q3 k2 n9 B+ G. M- H& e6 S
Market share goals are not a competitive strategy.1 ?3 z9 Y3 M- `& `+ j3 n
D), _7 {$ m! q; R# f8 W( }
The market share goal must be considered in relation to the number of competitors.; E4 v; U0 y3 v2 z
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
