|
|
Question：36 - 27854( G) I! J" H* p9 h) v* T" Z2 C3 i
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
' B' c+ U# @+ e3 ?6 h; ~$ |A)7 ~, G1 ]6 b4 P2 s& U
provide managers greater job security.
! M; R4 g$ Q! D) pB)
3 [7 A, A% y q" t) w$ _may start a bidding war for the firm’s shares.
* @( y7 L& C8 a& m0 dC)
- [+ o2 z! M1 G, f3 P* y! @change the firm’s legal status from public to private.0 s3 m3 M/ v) e3 S+ Z* O8 q7 ]8 d6 z
D)
$ S3 Z: b# ?( l8 i( Hforce the acquirer to negotiate directly with the firm’s Board of Directors.9 s8 e" p* ^1 \: m$ f
Question：37 - 27901
7 `: \) L9 q1 w% O C5 `9 L; F4 }Which of the following statements regarding internal capital markets is FALSE?+ |1 u( i, b4 M% z- }1 Y
A)
" T- f W. ?7 p- qPolitical obstacles are likely to exist in efficiently allocating resources.
" o i- X/ I. H) F, b9 x$ l( u' cB)
* n* Y% {8 U/ n* p0 q, JManagement can channel free cash flow from mature business lines to high growth ventures.2 Y1 ?, p+ O" b7 G1 a
C)
7 c4 g# b' j! h5 k% `7 [The firm can credibly signal the quality of new ventures.& q% y* X8 n" g$ \0 K* o- k2 \' {
D)' [" v) v% \! R% _) Y# p
The firm can save money by not issuing securities in the capital markets.
. G) G+ w' V) S. E. d8 b& E6 j& l& J0 `
2 J. s8 \4 z7 K) V; ]- @5 X; M7 GQuestion：38 - 9865
# W7 ^: v+ ?# p$ ~$ OOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:4 E# ~$ Y0 B- V+ ^# B+ z
A)
) Y) y) ~0 x! J q5 W3 @; B) w1 @too low.
- k% {# W2 K& n# V5 b8 Y, VB). Y0 j; ]2 ~6 P5 e4 U' |( t) K7 A# h
can't tell from this information.
! l4 ^" j6 s2 `' W. x V5 P2 u5 tC); D' p* Z$ S; w4 d
too high.
5 D& I; `$ C& y7 X* F1 X: ^D)6 w1 P+ ]6 J9 M1 B
very accurate.
9 e3 {/ L& T" {0 N o9 r
8 }" r- M2 Z# y7 o: x& C, R, w% y. H. P! M! r# i' d: \
Question：39 - 9849% s+ \ |0 F. A) d
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
* ?' q& j& v& g$ T) i+ u1 f0 ~- gA)& B9 y H( Y" }, p: ~
relative value.
1 b* l( ?4 s7 m X; x* x. HB)
; Q! g0 Z) x$ P0 l# M3 kfuture value.
0 G# a' G" v5 o9 v- l' C# Y& TC); A9 D# }7 G& Y& V, E
intrinsic value.$ `- z1 u: j" K; V1 J
D)" R% B0 p0 k' U4 J! ?0 S
market value.
2 q$ ]. ?: p4 _* y) j/ d- ~; T" N+ a% j1 j
Question：40 - 9947
& K" K. L8 U& n; d* r2 j# b1 W/ HRoger 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?6 Z4 v# z; Q! ^: b) M& ^
A)+ O6 F5 r: Z6 r, t5 m
An 18 percent market share is sufficient to create a sustainable competitive advantage." y: y0 R6 |0 d' O& R
B); ?! W: Y0 _& M1 y4 L
An 18 percent market share is too large to create a sustainable competitive advantage." l- @$ R" f: j2 r% k. e/ t; g7 G
C)1 g+ M* G- W7 t% m2 Q
Market share goals are not a competitive strategy.% S" V0 }! g# F5 n$ o& ?9 A( G
D)
$ d5 u5 \8 s! |The market share goal must be considered in relation to the number of competitors.9 H$ Z3 Y/ z$ l& t
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
