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Question：36 - 27854/ q$ T' Z* w+ s4 G
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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% v' M9 A) G" l( e: l7 L8 Dprovide managers greater job security.8 z/ R% t8 c7 b; ?! }
B)4 \ |: V1 W2 z
may start a bidding war for the firm’s shares.! @) Y6 E* S6 d7 B# S' k. W1 v4 |
C)
( f) z2 x2 c- k+ b8 Zchange the firm’s legal status from public to private.
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5 n- k+ ]% W+ Jforce the acquirer to negotiate directly with the firm’s Board of Directors.4 n. M" R0 f2 y: g3 g
Question：37 - 27901* U$ D( I* R4 z2 ^ A8 c' x! t8 [
Which of the following statements regarding internal capital markets is FALSE?5 r l- o, J: Y C7 E5 o
A): \$ C; F! z2 r5 X! N+ h
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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The firm can credibly signal the quality of new ventures.9 {$ ~0 `, C" \2 i* e# ^+ S
D)
. V3 R7 f! Y gThe firm can save money by not issuing securities in the capital markets.
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* @* W& ^' t3 N& `2 bQuestion：38 - 9865, K8 R3 x5 n' g$ j6 A' D1 K; t
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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/ R- d5 v9 a0 S" X8 Mcan't tell from this information.
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5 P! p) w3 z( K! m: D$ P; g, @4 Xtoo high.! R4 Y/ t- [+ a3 [" g* m$ Q
D)
0 t* N) O% \: N1 {, Overy accurate.
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1 r6 H$ e4 b2 GQuestion：39 - 9849
0 T& P. j7 a6 U+ qThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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7 \# s. M) w- Z6 h; w* y' p6 G, Arelative value.$ C- k1 S# M$ O) V$ Y$ i7 _
B)$ j9 m* Z9 N* A+ T" f
future value.
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intrinsic value.
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1 x6 h2 m* C; `/ smarket value.+ q2 I) y; ~& j v
5 R( h2 H0 o& e$ TQuestion：40 - 9947# ~; e5 C) z! b. j* J
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?. ~, }" w# @5 |! P/ Q
A)
8 c; a0 W$ ^4 R! Q8 @( yAn 18 percent market share is sufficient to create a sustainable competitive advantage.+ I5 X( C+ w7 f" P0 Z
B)
1 H* v/ e* U$ M; u KAn 18 percent market share is too large to create a sustainable competitive advantage.% H8 D& ~9 Y% J7 E8 c& P/ @6 P- c' x4 R
C)+ F ~! V( v9 Z0 [. `: A( q) N& V
Market share goals are not a competitive strategy.
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6 [9 M9 ]9 G; `7 }; eThe 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
