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Question：36 - 278547 m6 F3 H5 _# c' l* [: \
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:( {% B9 G6 a0 d* r% K' g1 N. U
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provide managers greater job security.
+ T8 `7 ]) }. S$ ]B)
. H% D) R0 ~( T% g5 _% d4 t+ [may start a bidding war for the firm’s shares.; X6 p$ C' o9 p, n* l3 X
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change the firm’s legal status from public to private.
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/ l( B" Q! H$ |force the acquirer to negotiate directly with the firm’s Board of Directors.7 w: u$ d9 _; l
Question：37 - 27901
4 k% z" B! I c5 a( V" ]" O' DWhich of the following statements regarding internal capital markets is FALSE?
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, L! ^8 E1 h. |* q; tPolitical obstacles are likely to exist in efficiently allocating resources.3 y7 r3 h! R- ^. M
B)
$ L$ @ F9 L: o; [, Z0 `Management 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.# n6 C7 i( G9 W) b. P
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
# h. ~, L9 X: D+ F6 @( H2 LOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:8 h8 i+ n& q) q5 }; {) v0 @
A)
1 ^. P- U# N- Q. e3 f, utoo low.4 w% D% S3 d; O9 | [
B)# `% @% c# N' }* d h) y c
can't tell from this information.
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too high.1 j$ J6 G* e! h; `$ @
D)! p& J2 {; L2 m4 j5 {! g8 q0 I
very accurate.
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Question：39 - 9849$ w" P. y+ Q' K- b# N
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.8 V0 q& m4 `: T) F4 Y7 ^% J1 ^4 W: Y
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future value.
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intrinsic value.
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market value.' R' g5 d a. C5 U6 f" S, E. ~8 @" ^
9 ?; K, o, p( |0 h* p/ M& P3 S5 \Question：40 - 9947
* e6 j$ c. V: V9 qRoger 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?0 [& F# J3 T5 d+ g! e k
A)
2 D; T5 Z. U1 c$ i1 `/ oAn 18 percent market share is sufficient to create a sustainable competitive advantage.2 h7 J1 P2 k f
B)
' ]4 A6 q% P% j( ]8 j( U$ H! YAn 18 percent market share is too large to create a sustainable competitive advantage.
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Market share goals are not a competitive strategy.9 t8 U. n% A$ D; D5 U# K$ M
D), e3 q, ?! f1 F& E6 c
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
