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Question：36 - 27854" r5 k8 ~( i$ m% G# ~
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.3 z7 ]8 \/ ~7 J l
B). f3 }9 I4 s, j1 m7 p, M" }
may start a bidding war for the firm’s shares.
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1 N' Z' d1 N- i" Y5 x- bchange the firm’s legal status from public to private.9 \7 V4 c% [6 g" s, M: l! j% `3 w
D)6 O# O( [' Z$ t( x1 ?* j* |* N" X
force the acquirer to negotiate directly with the firm’s Board of Directors.
4 W* ]' P+ E1 zQuestion：37 - 27901
' g6 h* G' X# o& A' ~Which of the following statements regarding internal capital markets is FALSE?
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" Y7 u2 b# Y" p9 M* APolitical obstacles are likely to exist in efficiently allocating resources.
( c& D: ^' W4 D) rB)
1 F" a' D$ ]1 l9 a. ZManagement can channel free cash flow from mature business lines to high growth ventures.. b z4 H% t9 N; j
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The firm can credibly signal the quality of new ventures.
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7 e2 K9 L% D0 H8 z6 J/ m- FThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865 C _9 A; w5 b' _5 u5 V
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:3 W9 g0 h! `( o" b
A) R5 U6 t0 x! Y8 g! i! Y
too low./ O2 \ B5 J1 X* w# `' D' c" M
B)$ X9 v4 ?9 K7 U \' q# _5 I
can't tell from this information.
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, F i9 ^0 l( ktoo high.4 i1 d/ z% m+ q( t. _! ~' M I
D)
' G* b; I1 T Every accurate.% R+ G9 I, Q. x ~$ I' }) Z4 ?5 K1 Q( g
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7 s6 g* a) _; J# e: e0 AQuestion：39 - 9849. B, q, P% _, {4 ]
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.
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future value.
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( U- A- ]& x, B+ d+ Aintrinsic value.: q* E; r }+ G1 j: O0 k
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market value.
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Question：40 - 99477 o2 U6 |1 }( c$ e) V! J6 m- w H
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?% Z- x- x8 ~' f5 M. p1 g2 h8 j
A)
4 X& p9 q* d) O: s1 T" V- w8 dAn 18 percent market share is sufficient to create a sustainable competitive advantage.. c/ ]7 j$ E9 K/ }0 m/ ~
B)
) I9 }! m! h- a @" h3 Q- I: Q/ T5 iAn 18 percent market share is too large to create a sustainable competitive advantage.+ _0 |) z. {, e
C)
) D2 L! O/ \5 X$ _! ] jMarket share goals are not a competitive strategy.
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( [$ P, Y8 b; p" j& o. L$ aThe market share goal must be considered in relation to the number of competitors.& }& g) X7 V* S+ ~5 F& u
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
