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Question：36 - 27854
7 H9 m1 m, z2 q8 j: K NWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.! m, X, |( ?8 ]: P9 K) N# `
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change the firm’s legal status from public to private.6 I" V% [- ]/ l
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force the acquirer to negotiate directly with the firm’s Board of Directors.# r7 O. C0 x( m0 Y/ Y
Question：37 - 27901
! M" t. u/ u( s5 kWhich of the following statements regarding internal capital markets is FALSE?
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, q7 q9 Q! k; [; ^0 KPolitical obstacles are likely to exist in efficiently allocating resources.1 A/ u3 F/ y I/ j
B)
" S/ r; |1 J+ |* G! Z. r* N1 P7 MManagement can channel free cash flow from mature business lines to high growth ventures.. |7 L" i2 m3 ~
C)
# e) O' h5 k9 Y. D/ WThe firm can credibly signal the quality of new ventures.0 N& w* ~7 i0 i7 j
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The firm can save money by not issuing securities in the capital markets.
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( P* [7 s9 t |3 ?Question：38 - 98657 D% t. D1 [! q3 L) _0 m( K
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be: |) ~8 }7 B( C0 @$ D3 W
A)
1 k5 u9 D& E& i v ?& v) K' O9 {too low.
5 g( g% a, k) w, [9 H4 @B)
. g1 C: ?$ I0 Ycan't tell from this information.
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/ R9 F L/ C+ A& m8 K0 wtoo high.
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# _, |) m3 _6 O8 s" u9 |! rvery accurate.8 T( Q0 }: N F+ n+ L
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Question：39 - 98498 L5 x% t% K1 Z* e) P
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:; y7 `+ O8 U# U; ~
A)
, X, Y1 [7 g+ X+ i N- Grelative value.
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future value.' S: h7 ?5 ^6 x
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intrinsic value.
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market value.7 V$ t- d/ H' _$ B" B+ C% {( ~ F
* n: d+ }' _$ e/ R! x# d6 @% _Question：40 - 99475 Z r8 |1 n$ c
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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# n ?) w0 H0 M/ m8 NAn 18 percent market share is sufficient to create a sustainable competitive advantage. G/ X8 e" ^. Z* e" I2 O
B)# ~2 s* ^9 Z* b6 V
An 18 percent market share is too large to create a sustainable competitive advantage.
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0 l" h) c1 a; VMarket share goals are not a competitive strategy.( x% d+ ?+ A; ]- P) \2 u. |
D)
4 P- ^2 h3 Z& D# G& U" gThe 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
