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Question：36 - 27854
: D5 }* n8 V$ z7 Y/ K. mWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:1 N% X1 p" q9 s* ~6 K
A)
3 a' W, R0 D& v* Jprovide managers greater job security.
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' C6 g% [* a' Pmay start a bidding war for the firm’s shares.+ R% s8 Z" Z) z4 [# m9 @; f7 I! r
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change 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./ w) C: m1 j9 D; i+ h
Question：37 - 27901
: I# p$ c; k) O3 n7 F3 d+ xWhich of the following statements regarding internal capital markets is FALSE?
( l: R; Q" e% C$ _/ k! k! tA)
! s6 s# |8 [5 f( J; dPolitical obstacles are likely to exist in efficiently allocating resources.% d i, `$ |5 \$ z3 [
B)
, a; N9 d' k. _* o/ jManagement can channel free cash flow from mature business lines to high growth ventures.; D% V& M! b) t0 i/ t
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The 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# ], y% `3 ?: U8 c& w
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:7 P/ m) A9 ^$ R8 P6 R m
A)
- g/ [+ K+ i3 H9 ?6 f8 A. ktoo low.& R1 r; T8 q, t4 t- N! @& p
B)! @. ?8 L k. i+ C3 n1 r
can't tell from this information.( y/ q5 w/ S5 G- ]- U8 @* w3 J4 a1 v( [
C)% A% ^$ y( X; @* l1 r1 d( o3 j
too high.
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very accurate.
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Question：39 - 9849
: B. w+ [) q. D3 j! p/ `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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" P) J. h, K- y5 t2 n/ srelative value.! x: U- x- x1 o1 P/ t
B)
9 c, i* I4 c" S6 C) x- Qfuture value.
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! [+ d" U; \$ N) l* c8 mintrinsic value.7 f4 U+ S6 N0 i9 H, L5 v1 e
D)
" V+ F f6 a" M9 [% Umarket value.
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: x, x k0 L1 i$ rQuestion：40 - 9947/ ~ X; S7 s8 H: t* j( o* 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?
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An 18 percent market share is sufficient to create a sustainable competitive advantage.4 M2 i& Z, B' P! P
B)' b9 P; H% V, p: \6 S: x
An 18 percent market share is too large to create a sustainable competitive advantage.
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8 G; C4 B* F3 T+ A8 o) B7 L+ _Market share goals are not a competitive strategy.; @: @; q/ \# j9 j1 h7 s5 l; ?, Y
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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
