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Question：36 - 27854
J) [, f7 Y6 w$ FWhich 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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4 K- }. C u& Fmay start a bidding war for the firm’s shares.
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" b- Z$ v0 R! a4 I# e$ F7 j0 ]change the firm’s legal status from public to private.
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" Y; g0 n! Q% Y; U$ }9 x4 Q: Zforce the acquirer to negotiate directly with the firm’s Board of Directors.
& ]: D* }0 x; n' N" u+ v' MQuestion：37 - 27901* X1 {! R3 ]2 d8 }* q( U
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.0 [- ]) I% e4 Z6 Z4 y+ U5 l5 l1 m
C)
9 ^" x/ j7 @3 l9 g: v" D) pThe firm can credibly signal the quality of new ventures.
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2 q8 m. Z9 r3 K" F$ ]0 ~, [# ^The firm can save money by not issuing securities in the capital markets.
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' r7 b2 }, R2 @, I c1 n' HQuestion：38 - 9865
6 }. J$ Z* t J6 Z# C! \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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4 v5 c$ O5 F9 Etoo low.
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) a+ F# W0 b5 z2 mcan't tell from this information.
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6 K3 A. O3 f' w4 w2 Ltoo high.# D& U# L( S8 W* P; _4 R8 ~
D)
% D3 @4 q7 g- Z( N! K) K1 C# pvery accurate.
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Question：39 - 9849
" _1 Y- g f0 C0 e2 kThe 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.* D, j+ [" A; `. J% l
B)
2 Y f' [7 D: o6 t/ A7 tfuture value.
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$ F5 ]3 @; f( Yintrinsic value.
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9 l3 p! p6 e! m# C3 s+ V. ]market value.
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Question：40 - 9947
# k& m' |" X! ?! ]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?- L, D6 j- y! X; t& v* v
A)
3 d# ^6 V6 h1 C! SAn 18 percent market share is sufficient to create a sustainable competitive advantage.& D- h$ J, ]9 L! S. B+ k% K, c
B)5 H$ [4 q$ {& j& @6 M
An 18 percent market share is too large to create a sustainable competitive advantage.# s, v1 Y! b" o3 Z w! `
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Market share goals are not a competitive strategy." M, {) D4 a" P4 ^ v F8 B
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The market share goal must be considered in relation to the number of competitors.2 H# a2 [+ X* H/ ^% T( [; L% m+ f. W
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
