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Question：36 - 27854* y4 O/ T b4 ^
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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! f, E% R& z) Vprovide managers greater job security.
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! k# F& s8 T- D/ B" ~2 X+ K6 k! Qmay start a bidding war for the firm’s shares.1 d1 `% }( K! o- K- {4 Q
C)
: x5 Y: j+ A& @- @: w5 E( ichange the firm’s legal status from public to private.
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" s" Y: p; O' F; M5 R' ?force the acquirer to negotiate directly with the firm’s Board of Directors.$ L9 a G+ J$ e& N
Question：37 - 27901
" N) v% A' s8 e7 i- {6 f' CWhich of the following statements regarding internal capital markets is FALSE?
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5 J' d U% \0 k' X K5 BPolitical obstacles are likely to exist in efficiently allocating resources.- s5 e1 M3 w9 [, Q
B)
. Q8 l4 N( G- G& l: T0 a0 l. iManagement 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.
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Question：38 - 9865! I. f* l- s3 V6 V8 J5 {3 x
Overestimating 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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3 H9 K, [# n0 R! C( vtoo low.
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can't tell from this information.
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X& F# t' P/ K3 |# x' ttoo high.
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1 \, [2 A8 ~" e5 cvery accurate.- i9 V( I3 D3 ~6 k- q
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8 [5 i' G- [- j1 n% h0 y" CQuestion：39 - 9849% s/ v- P1 I: _: ]4 s0 }
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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9 e0 _& c I( Y6 T$ [relative value.2 r7 A4 x+ X. |# q! h+ F4 Q
B)
: e( ^& J" O8 N7 l1 l1 G$ D# y7 Jfuture value.
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! _' {, F* C9 y# \ ~intrinsic value.
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market value.
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% W7 F1 A0 W5 T# V' Z) q6 w1 ZQuestion：40 - 9947' c0 t y4 }% a
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.% j, S1 }. ^9 g x ?" B; a8 c! N: h4 b
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An 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.* i0 X7 F, s6 G; N
D)
1 d% J8 b" Z. t5 A3 d) M% y* hThe market share goal must be considered in relation to the number of competitors.2 e9 ^) H- v- a H% x% t/ Q
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
