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Question：36 - 27854
) q# h. o0 C: t' ZWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:! ~; ?$ u5 f0 U3 k& B) s3 Z' b
A)
2 l( a; u% {$ E% H3 `9 h- }provide managers greater job security.$ X2 C3 g4 q; d9 C5 A
B)8 }/ |7 {- b$ k! T' X& ^% f9 j
may start a bidding war for the firm’s shares.' v0 t# j9 |- y) d {
C)$ n5 D/ k5 i1 m& l1 J
change the firm’s legal status from public to private.
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4 O! G& q q- R' E8 {3 Yforce the acquirer to negotiate directly with the firm’s Board of Directors.
% J6 \! A+ M; r; [) |) z! ?% ~Question：37 - 27901
3 J& E, k8 A+ `Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.) S! H M, T( O: L0 k k4 v
B)
$ P% B; j- B8 p2 v: QManagement can channel free cash flow from mature business lines to high growth ventures.8 R8 j4 R* W# d7 t
C)
+ R2 G: Z4 M3 r% d' W% RThe 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.# O) e3 c r( n# E
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Question：38 - 9865' {, z* {; Z4 q, b
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:0 y9 |8 @+ p/ [$ r/ A; D3 q
A)
5 b% j% X- B# k4 B, y* \too low.+ M; C1 p) e) t: y# R) B
B)
1 d# @" |; v# qcan't tell from this information.
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) A% b/ M% P& |" F1 h1 Ntoo high.
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* r# Y, L& r1 ?very accurate.* u' w) r! A* x
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: c7 J" G/ E+ W# @5 }8 }" xQuestion：39 - 9849$ {0 N6 a4 O6 Q& y" l( l
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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$ s; _/ T5 R2 n) ?8 drelative value.
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" w* v4 Q2 I# Mfuture value.8 g( E4 ^ ?" u2 l# `- f/ j' o- e
C)5 g* \+ g" j2 [
intrinsic value.3 m. J+ w; v9 m
D)
! d( \! _6 J, d. ]. _) Rmarket value." z: q2 S, V5 h2 i
; ]1 U1 C. T3 I U0 }# ~Question：40 - 9947, C: F( P6 z/ s# Z' e
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.1 ?. N$ I7 @5 Q! {0 @
B)
7 N% ]* h& z1 Q) O8 fAn 18 percent market share is too large to create a sustainable competitive advantage.
1 u8 Q6 H7 K2 r) dC)
+ x1 h M" w/ j# g. U- \+ ?- iMarket share goals are not a competitive strategy.
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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
