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Question：36 - 27854
) } r6 S, v( aWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security." h1 |1 U) _, _' ] Y
B); e4 |# w: b+ f8 D4 m' |
may start a bidding war for the firm’s shares.* ?! H& Q3 L! q) U, D8 h# Q
C)
/ ^, o) B$ D0 u I$ uchange the firm’s legal status from public to private.6 `! ]0 M1 ]$ x+ t7 a* Z
D)( _- T) Z" g j- ~# e
force the acquirer to negotiate directly with the firm’s Board of Directors.& w2 ]- c/ H9 ~( v. L2 I+ T3 V
Question：37 - 27901" r- {/ |- u% d9 |$ s, D+ v
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.
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9 R- C' P" H: e& ?" ]The firm can credibly signal the quality of new ventures.4 i* Q) u( z; C s. Z% r
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The firm can save money by not issuing securities in the capital markets.
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! ]0 R8 T9 I( SQuestion：38 - 9865" o6 g8 X7 f# | L; M5 y: _+ @* k* j3 Q
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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too low.
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can't tell from this information.
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too high.
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very accurate.
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& x: |. ^# z, l; ~Question：39 - 9849" ?1 D$ u& J% c$ t
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.7 J' { J4 {# u& S2 T" V# N
B), @% m0 c3 Y4 b0 v# p, a! X
future value.8 R5 ?0 b: m" D. F" b2 d
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intrinsic value.
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market value.
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Question：40 - 9947
( y% H- C- u/ M, 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?+ d3 {* F; P' |( @# k
A)& R2 R! T3 d; _) ]( Z2 `7 p
An 18 percent market share is sufficient to create a sustainable competitive advantage." C/ t. h( R6 I7 D! N$ R# w. K
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An 18 percent market share is too large to create a sustainable competitive advantage.
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# f. [2 x0 V6 m g3 eMarket share goals are not a competitive strategy.4 \" @& R( k+ f; d; I6 v0 m
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The market share goal must be considered in relation to the number of competitors.- l$ t' m2 R1 v5 ~. [. c$ A2 P
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
