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Question：36 - 27854( S* d) [* g7 J# e; x
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:7 c% G. e Q9 i+ N _' W( m7 [# t
A)
. I- E) h1 i6 h1 m+ ~& r3 l; Y% Tprovide managers greater job security.
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may start a bidding war for the firm’s shares.
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9 c; x% [5 P$ }. E9 Tchange the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.# p. }6 i4 f- l1 V
Question：37 - 27901
: o9 r* N1 i" SWhich of the following statements regarding internal capital markets is FALSE?5 P, @' N" A* A5 S. M+ O! y# H
A)" {9 _! u9 M. ?; H, `
Political obstacles are likely to exist in efficiently allocating resources." [* c, I* Q9 q- q. d% W! U
B)( p. N4 Z1 I5 e( _' Q6 |; ?1 s
Management can channel free cash flow from mature business lines to high growth ventures.
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7 H8 Q/ H' E! m: zThe firm can credibly signal the quality of new ventures.
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865% x! m$ h/ e/ n& P
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
3 F% L/ d4 @+ A7 G0 |A)
" ]7 F* R8 [) A" @8 ftoo low.7 f, Q, o2 F. T% M
B)
6 w) }5 d G5 c5 q3 N8 P% o. `can't tell from this information.) u- v6 w+ y" p$ X6 k
C)
# L+ a& i, L* ?too high.3 ], ] l; A6 `! `" I
D)
& h7 D% D1 J$ e$ wvery accurate. H% ~4 m; j1 @
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Question：39 - 9849
3 F2 w# |9 N7 G& |9 y+ Z1 G3 aThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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# j6 w! Q m. C* }- S4 C# D+ Y& Zrelative value.
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future value.
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7 q: E& v( v; I, B8 `. Gintrinsic value.1 v4 |/ Y6 w: `5 _2 z
D)
. `( B4 J. r- Q0 G: y7 \market value.% ?$ a0 r+ c9 O2 I% I, M/ o, L
. v7 u O+ L6 HQuestion：40 - 9947
; ?- j$ o* ~1 h/ I; nRoger 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?
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An 18 percent market share is sufficient to create a sustainable competitive advantage.
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; s$ i3 \$ `7 j4 r( P0 C5 lAn 18 percent market share is too large to create a sustainable competitive advantage.. N! Z3 Z9 m3 D- H# B" K
C)5 h/ t ^" D9 |$ R9 B4 P0 I! S8 }
Market share goals are not a competitive strategy.
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The 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
