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Question：36 - 27854% T. ?. ~4 {' a7 ]& `' M
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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. [" W7 T4 s% O6 z5 jforce the acquirer to negotiate directly with the firm’s Board of Directors.; G7 Z6 l0 k$ Q6 w+ m; |, G4 f
Question：37 - 27901! C; W9 i: n/ l' W
Which of the following statements regarding internal capital markets is FALSE?# v) M, F- q- t
A)
* L1 u: {* ^. X# RPolitical obstacles are likely to exist in efficiently allocating resources.5 B* S0 }! ]* q, q
B)7 D7 ~4 y1 f/ n1 s: ^. t
Management can channel free cash flow from mature business lines to high growth ventures.6 r5 a2 Z& d9 _5 } d$ h U
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The firm can credibly signal the quality of new ventures." w! N9 N; G3 \' p
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The firm can save money by not issuing securities in the capital markets.: Z9 C: Q1 e6 A6 @7 n
, Y1 ]. N5 M* s* w+ zQuestion：38 - 98653 E, \- ?( x5 K5 T: g2 A
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:' \( T6 u3 F( h/ @1 s* n
A)
, v+ ^3 B8 @' t$ Z, ctoo low.! m% \ r5 I3 z. {% G
B)
# h- D/ B) Z: N/ q9 Pcan't tell from this information.! m- }" B" v" x5 ?3 ~3 ~
C)
8 u4 Q+ f; d$ ?. Ztoo high.0 e# Q$ _9 m' r
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very accurate.
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Question：39 - 9849! [; C3 m* f \( I
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:0 A K& [! G5 X* ?
A)
) i0 b5 K7 L5 q0 v1 p5 C$ B8 H Irelative value.7 f8 y/ O$ o* |% a, B
B)
1 D1 h- Q9 c5 ]: |) M) dfuture value.
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: N6 V$ k, O8 Nintrinsic value.
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. y6 E! Z4 F" l# f, Wmarket value.
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) h: Z3 K. b* |$ @' y: oQuestion：40 - 9947+ t8 n v! M2 D8 @
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.
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An 18 percent market share is too large to create a sustainable competitive advantage.
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# {6 A# R3 l: d% P% B: ?8 H4 DMarket 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.( m$ [$ A ?, h% p4 V) w2 l! O
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
