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Question：36 - 27854
* ~2 H) w. X0 R4 _+ ]7 MWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:5 |( y3 r' A2 K% x0 |% Z
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provide managers greater job security.
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' v* d q' H/ ^3 E! [5 q3 @may start a bidding war for the firm’s shares.9 C: x) a7 E2 i& a: U) R
C) }( J: q& @9 h' ^
change the firm’s legal status from public to private.$ ~3 S( J, D4 v8 J1 e" T0 d: s2 u
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force the acquirer to negotiate directly with the firm’s Board of Directors.
6 z8 U" V9 o% kQuestion：37 - 27901- V+ h' M' n5 t
Which of the following statements regarding internal capital markets is FALSE?2 ? D1 H, Z l! x! U6 c& C Y: N
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Political obstacles are likely to exist in efficiently allocating resources.- b4 O, A% M4 k) u
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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.' ^( O0 B4 }% x
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
3 o# w6 g1 ^0 d8 SOverestimating 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.4 K: b& E; [& J' A- t( b1 H3 b
B)
0 g" ?, _0 Y6 t4 ~can't tell from this information.
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too high.
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very accurate.' |, ^2 D# [; _& h, a& v
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6 r8 h; _1 a$ W; WQuestion：39 - 9849
# M( g' {' M) i( ^( K9 ~# o5 WThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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3 i: v3 s2 [, U. O6 }* C- U0 prelative value.
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# f' o: Y% E; O2 c$ w" Ffuture value.; [; i' y0 ^' @# s1 c: [+ S9 S' h: v
C)
3 ~0 g2 y1 X! P6 V$ o$ Rintrinsic value.
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market value.2 B- q1 r' E( @' w
Z, ?$ I# H a; ? p' ?+ m5 }Question：40 - 9947/ q s, k+ |, o c/ \2 k
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?
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9 A; g" E" \/ W# a7 Y8 J! Z* wAn 18 percent market share is sufficient to create a sustainable competitive advantage.' Y/ u, [4 z. j2 ^
B)
( Q# B9 a- c6 v' sAn 18 percent market share is too large to create a sustainable competitive advantage.# P% I! d, I6 _8 I1 N7 F: Z9 s
C)
" Y4 u) z" C! [' nMarket share goals are not a competitive strategy.# r$ v! X! a" B5 V& v/ U
D)
+ o* v& D0 T" ~4 u5 }8 Q( FThe 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
