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Question：36 - 27854
0 {8 j* I1 I5 Q* O% QWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:+ b7 d3 ?, n+ n D8 ?
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provide managers greater job security.7 ~& W4 r' p8 N3 V
B)- }) Y0 R F" j0 S1 `. J. g |
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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, J, K6 ^: E5 I& y7 }force the acquirer to negotiate directly with the firm’s Board of Directors.+ b! j) H$ o# m1 j7 U
Question：37 - 27901
% v8 s& t* |. F$ {Which of the following statements regarding internal capital markets is FALSE?7 @9 V5 W' ~- Q. N. T. ] z
A)
9 h7 K4 v& ?% C3 Z. L! W' MPolitical obstacles are likely to exist in efficiently allocating resources.; e% K6 o2 U# A+ E. d4 D& J8 P) Z9 [
B), y8 m) [9 D# l( V- I7 _9 }
Management can channel free cash flow from mature business lines to high growth ventures.# y/ {' u- e6 K1 t% z9 }
C)
) E) b, u3 `& u5 |/ R0 V1 IThe firm can credibly signal the quality of new ventures.
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& J& J3 h/ y2 @- X2 R' y9 HThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
5 y, g" b, Y" K3 EOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:5 `6 E- h f6 k6 d1 k1 M$ Q2 u8 R; K
A)5 q8 _0 |9 [" N8 u
too low." `& H, H, F; j: S! |! A" G3 b
B)
7 B/ X" E% p) O1 q- ocan't tell from this information.$ g& `/ O! C6 Z, @: c( S6 \# g% b0 n) N# A6 {
C)' r* u4 `& q! U# h' u' C9 o. K' ]
too high.
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7 o1 T7 A$ y# ]; \3 l0 i/ xvery accurate.
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Question：39 - 9849* o0 r8 {: I5 w1 a9 w# J2 `& p% D
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s: A7 r! z A S/ X4 o
A)4 ^: e& X" ^% s1 [8 z( f" L, t* o
relative value.
) I$ D* ]& P5 }. p$ I' n4 [B)/ I( w0 l$ O% T- ~) [) l* N
future value.) \+ k6 K( p$ t0 t
C)
' j! x5 \8 o; k% L; ~8 H5 \( B0 z* ?intrinsic value.
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market value.
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Question：40 - 9947
; g5 o8 F' g% b: f$ @/ Z1 S' tRoger 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?5 O$ u3 d/ z' Q2 j7 C4 `
A)$ f) L: ]0 c8 J; W% `4 {" V
An 18 percent market share is sufficient to create a sustainable competitive advantage.
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/ n3 E& _7 g! G4 tAn 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.2 s& K% }2 \( S& a+ V+ } o* b
D)
! @# D K+ @# l! d& |2 ZThe 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
