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Question：36 - 27854; ?% G& w/ D6 \! x2 o& L
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:$ b$ R8 ^" g7 `; |; B' |6 y
A)* p! a- x7 I3 E' x/ { y0 c: u* M
provide managers greater job security.. M8 r5 b/ k) F/ `9 P# d$ H
B)
4 j7 i& I2 x' |may start a bidding war for the firm’s shares.3 n9 h# L, ] {* v! S
C)# `9 }2 R) Z. f+ H
change the firm’s legal status from public to private.9 r! k) ?" d7 y7 X% G. m
D)& o4 j+ a0 h' U( o( r; f
force the acquirer to negotiate directly with the firm’s Board of Directors.* J: s# o- P2 f: t- z6 _5 L) R
Question：37 - 27901
7 A5 u$ V% d- L! ^, sWhich of the following statements regarding internal capital markets is FALSE?) N* z! s2 g* B3 L; v
A)
) P# J6 n8 D% G j1 I. J( ePolitical obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.
5 f8 i2 G8 s( `: C8 w! z8 [# nC)
, j9 I c" A$ jThe firm can credibly signal the quality of new ventures.) ]. z6 O9 ]% ^4 v
D)
% E+ ^* t' G& m' ~5 u( \The firm can save money by not issuing securities in the capital markets.' x. x& k# }+ C
3 P! ^7 k* m, Z$ A8 r4 j: i+ T+ W& T- IQuestion：38 - 9865
9 u3 B' t$ {9 M, N) lOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
r2 d1 U0 {1 p. i1 b# E0 fA)1 K" ?* [6 ?. ^% g3 l
too low.2 b0 y- K: L3 p* Q1 f- G
B)
& ~. Y, |* m- \* O6 q- L- Ccan't tell from this information.
0 u( l# z; H: M5 fC) j: g! ]$ o! s+ u/ I( T% {
too high.
, ?8 j( E; k9 a! MD)) a; x. v! [/ C- J! h' n7 {- S
very accurate.
" O1 Q# j9 V( N3 B
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3 f" i9 w* B/ `* HQuestion：39 - 9849
# p1 k1 b/ h, m# D$ q+ SThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:8 y. }- T/ ^0 W/ e% U
A)
# Q+ d X% l9 C; ~$ i) S/ v- k$ Vrelative value.
( D/ f" l; G; X+ l% q( `7 L1 vB)" K' D: M) o" ]! q8 D
future value.
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+ t t) E, b8 N$ Fintrinsic value.( T, k7 W% F) t: }+ m
D)
8 s% n: \$ E9 |. @. N; {" }market value.
4 z5 u( E3 ?+ x" G& |$ e x8 b- l# K7 _" b* q; P& R
Question：40 - 9947
, O2 A, H1 b/ ORoger 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?
9 ~* ^/ M1 r& b, G0 n8 O9 wA)
* ^: C: P3 \7 p: x3 s, q6 uAn 18 percent market share is sufficient to create a sustainable competitive advantage.
" c3 d# F% \' ~! t/ [- M9 u% ?6 cB)- C" P( q% {6 v+ ?" |$ `6 O9 u
An 18 percent market share is too large to create a sustainable competitive advantage.4 N; b4 Q3 ~: m4 M+ l
C)
0 d" [2 D2 h$ r- ^# Z" j2 pMarket share goals are not a competitive strategy.
2 u9 E$ S& @/ ?# {0 z/ X, fD)
7 U+ I$ B- G. [* X! Q/ `2 JThe market share goal must be considered in relation to the number of competitors.: |" q6 G* r2 P0 f$ X4 I6 S' d/ @
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
