|
|
Question：36 - 27854
% \( @: f6 J# _) uWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
$ _$ \( B' I, k; k# q4 h8 EA); H2 ^5 G' b& K( ]% P" z; i. d
provide managers greater job security.5 M1 {7 p3 f1 q2 O) E* ?$ {. b
B) |3 l! t- L% s6 x# o6 N$ n, Z
may start a bidding war for the firm’s shares.) o) x, T: x# C9 u8 c
C), o" m# }5 n# \2 S* s. y- V
change the firm’s legal status from public to private.
6 {- `( L; _, B% |D)- w9 w0 f" v& M. T# Q* }2 y
force the acquirer to negotiate directly with the firm’s Board of Directors.
/ s- U2 N) A4 P$ I8 Y3 q6 O7 n+ HQuestion：37 - 279015 }- e$ ?1 k1 k: E/ E
Which of the following statements regarding internal capital markets is FALSE?
# X y' T' h0 @! ^3 CA)
; N1 ]' D! H6 L0 W) k* K D& cPolitical obstacles are likely to exist in efficiently allocating resources.
+ A& {1 Q+ a* J: e& B; a4 y0 UB)
8 f4 Y3 P5 a. f$ E, F2 w" YManagement can channel free cash flow from mature business lines to high growth ventures.
7 V4 |5 B# x* i) g' k9 wC)
/ A; X, Y& j. i1 c# PThe firm can credibly signal the quality of new ventures.
4 ~: ~. G; P4 \1 J7 \% l/ zD)9 N6 u' Z7 b. S+ ]% C
The firm can save money by not issuing securities in the capital markets.
8 _' D5 w& T* G0 h! U! s1 O& p( T2 ~' \! W: r+ G. B; |$ Z
Question：38 - 9865% ?# Y0 ?, d" H2 C* s% \
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
$ F% c5 a7 W' R! UA)
, s7 r t6 K/ V: ]; ?too low.' R' I9 t' e8 x3 b" Y9 |4 o" I
B)6 d8 ^$ m0 k! E
can't tell from this information.
( ]7 m' `% \; p0 l1 N7 nC)
- w- ~3 W) R( u( S0 E7 L3 n atoo high.
, X$ ~6 N7 @; u8 m$ P2 \1 U# Q7 \D)
1 Z7 r/ S+ T$ R% g1 B2 Qvery accurate." G8 A+ r( h% y
5 q1 J& g3 B# ?4 \
5 W8 O3 H9 w S w7 I- IQuestion：39 - 9849
$ h* Y4 F. `9 [ K( p- h; M9 XThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:9 D2 F3 z# \" C+ ]4 L, a3 M2 q% v
A)
, \. k5 _2 \1 s9 lrelative value./ l- K8 U, B) y
B); C' U* \ E6 I+ s `
future value.
& j1 U' g3 Z+ H% n3 U. DC)
0 l, R6 t& l- m3 R5 T0 vintrinsic value.
) q' i) j# J5 l8 bD)2 x& I( X6 j7 r; d8 L
market value.) r5 `& z: d" L2 C& j6 ?" C
- B; w; V( n! Y# r
Question：40 - 9947# Y% x/ T( K" r6 [
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?, L1 I0 H0 P* s8 b! d- E5 G
A)
_: Y! [8 j& z. s8 Q3 ]An 18 percent market share is sufficient to create a sustainable competitive advantage./ G+ ^/ N4 w5 ^: g
B)
; h' W5 s! S6 |$ V" m4 Z8 l& DAn 18 percent market share is too large to create a sustainable competitive advantage.6 V, c4 ~2 f; R( J* K0 e3 R
C)
( ]- X* J( G0 DMarket share goals are not a competitive strategy., b/ Q. z; |- _, t( F6 |. o J
D)
( j: S; |* F9 s( d( VThe market share goal must be considered in relation to the number of competitors.4 q8 A3 B4 N( f& e: V
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
