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Question：36 - 278548 C! M! X; z) g& ]. `
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:* e) V& Y' N, y, V$ b
A)
3 v4 E" _1 d5 j9 J! b" y, Kprovide managers greater job security.
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+ S0 ]5 q+ N- l& c1 c% Q9 }may start a bidding war for the firm’s shares.
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+ {7 H1 |5 X& O4 Dchange the firm’s legal status from public to private.
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/ ?6 {" z9 S* D/ oforce the acquirer to negotiate directly with the firm’s Board of Directors., G1 m. J R# N4 K# C
Question：37 - 27901" k+ u' g* y4 f- A/ a; [+ Z' O
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. O6 N. u/ |1 A2 `
B)
, r l! P2 H5 W* |; ]Management can channel free cash flow from mature business lines to high growth ventures.
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# m5 A% n# t# HThe firm can credibly signal the quality of new ventures.7 f( a. P" D. ^( R
D)
% E* w! b/ A, g# A+ qThe firm can save money by not issuing securities in the capital markets.
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1 ~( Z- g& i1 N6 D$ y6 DQuestion：38 - 9865/ i9 t, @1 t/ W/ \: g( O5 h
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:9 L, l0 C4 j9 c' ^% a0 {3 [
A)
, a6 r, \; }4 H. u/ n9 S6 Y9 P1 K5 p* D ]7 ~too low.
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) R( u: C! p4 J% |4 z8 K- j7 mcan't tell from this information.
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too high.* T5 i& s& J$ ?; H
D)
# p) J5 I7 T) w2 @6 o& D( Xvery accurate.
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: F# Q1 f4 p ^# q# uQuestion：39 - 9849) k+ L4 S& P, y, m& g4 c4 s% d( g; f
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:% i- K, M5 F6 D' O8 _
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relative value.2 M" p2 |6 b! h+ J8 z! D
B)- e: i) l/ Y6 v5 G, `
future value.
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intrinsic value.- v% Z; W) r0 e' g( N% A
D)( [0 v' J) `& x! g1 L8 Y }+ C* K3 B+ S
market value.
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Question：40 - 9947
4 t. m n z( q2 _6 NRoger 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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2 z1 T# i5 B9 h( yAn 18 percent market share is sufficient to create a sustainable competitive advantage.5 s8 G( M1 [+ G {# [7 @
B)
, W+ B* V6 b F$ }An 18 percent market share is too large to create a sustainable competitive advantage.: @: t' {, T6 @" b% K- d8 N3 |
C) N& C" \" K6 ~" e. A8 N+ U6 Q. l% A
Market share goals are not a competitive strategy.
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7 f/ t8 V" N1 N, v6 aThe market share goal must be considered in relation to the number of competitors.& n }' ~3 d! w' N
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
