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Question：36 - 27854/ x) n4 {* m$ a5 Z1 M* M6 U* [
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:$ l: b$ h0 r& W
A)
7 `0 B, D$ `2 Y$ @8 g3 F/ n# K; uprovide managers greater job security.4 ]! T0 E+ {9 j5 G* J
B)
! ]* t6 z* L0 j/ r* U' f& {. l. nmay start a bidding war for the firm’s shares.! W3 V; W% `& V
C)
7 Z, A1 T( M# K- R9 U7 k7 schange the firm’s legal status from public to private.: }6 ~* |5 R2 F' J
D)9 V* g x! F! g5 o( E7 a8 J' u
force the acquirer to negotiate directly with the firm’s Board of Directors.
: X( l( A1 O% I$ yQuestion：37 - 27901
& C( M+ o5 h$ j) i1 R- K% g" [) XWhich of the following statements regarding internal capital markets is FALSE?$ a0 q4 X* V) K, m3 P+ q
A)% R0 P$ m2 }6 Q: t
Political obstacles are likely to exist in efficiently allocating resources.
% ?& w+ a/ k$ @" a* C! m( iB)
" j% p- v; f8 C% e% TManagement can channel free cash flow from mature business lines to high growth ventures.
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, @' K8 Q7 [8 j0 b! }) {The firm can credibly signal the quality of new ventures.0 U$ o" j4 o: M3 v2 }6 Y5 ~
D)
0 r0 v: Q( P% W/ U- N _- eThe firm can save money by not issuing securities in the capital markets.
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% g, l1 ?, b$ e4 M) p: eQuestion：38 - 9865
. j0 m" x( q5 \, r& vOverestimating 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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too low.
9 J* @0 d# d1 k/ a; d7 _+ kB)
: L( _( c6 X+ F* ], c- _# qcan't tell from this information.# r% w4 n0 [" ?5 e- w4 p* z6 }+ l
C)
& w/ K) X# Q; N% `too high.
+ t4 M. [6 V+ i( Q+ jD)
1 \) D; [; f0 c! {very accurate.: H* F2 ?# Q- [; w, ~. }
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# _. K& B2 W% z0 O- f. i! xQuestion：39 - 98491 W# b; h/ Z9 C& l0 p v
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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* M! J7 w+ a1 P" y0 U# w: Qrelative value.
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future value.
1 o2 C% {9 }, q; T; v. L0 FC)9 v0 Q7 Z) {6 C& R2 _! z
intrinsic value.. G2 h5 ^3 D: f$ r* G
D)
" B. x0 [ M2 Y' e# B) nmarket value.$ Q7 q m; Z7 A* c
$ C+ y/ J: V, n/ ?Question：40 - 9947
. z" P- k% o+ }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?
3 ~$ u& L, Y% V. b4 d# @4 C- N, A# EA)9 f# ?' v4 D. s
An 18 percent market share is sufficient to create a sustainable competitive advantage.: @( C9 E! d* E, \
B)
7 L7 y" @, A$ a" ]2 qAn 18 percent market share is too large to create a sustainable competitive advantage.
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. D$ c1 k# k, y) GMarket share goals are not a competitive strategy." t3 i- ^+ x8 S9 n d
D)
) Z! u& t$ b9 z9 J) h. \The market share goal must be considered in relation to the number of competitors.9 Y% ]$ d M2 p& r
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
