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Question：36 - 27854
' k* l1 C G8 TWhich 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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h" A/ ~' |& ?9 t$ y4 hmay start a bidding war for the firm’s shares.. \7 `/ G& }( q
C). l% U7 d" ]# ]6 t- d, J0 [
change the firm’s legal status from public to private.9 R! x, }5 y" B8 r: P2 Q7 ^$ I
D)) W) j+ F6 |3 S( o( W1 p
force the acquirer to negotiate directly with the firm’s Board of Directors.
* a( N" a, E/ S+ HQuestion：37 - 27901' Z! D& k& ?/ I" o/ F( V3 m6 R" _
Which of the following statements regarding internal capital markets is FALSE?4 W; w9 `( l( k8 A* z' b, b
A)! n; a' R# O* c! T
Political 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.
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5 ~) X. A% B0 W& r3 JThe firm can credibly signal the quality of new ventures.
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9 i5 R+ m& j1 T& n3 ~' fThe firm can save money by not issuing securities in the capital markets.1 Q0 Y( T. R1 v5 t! G9 \6 k7 \, z$ v
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Question：38 - 9865, x6 O; v0 }% }, r h; Y; |
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:7 B0 v+ _+ J2 b/ o' q W
A)
, d& ~- N/ \) Ptoo low.! d" Q! G4 g1 L% \
B)/ G A' e* t- @1 Z
can't tell from this information.
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too high.1 t* R2 d% p/ K, B& C( w
D)+ N/ ^5 i( @4 y1 z- M
very accurate.
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8 O8 X( p3 z% C/ \% I0 P6 ]2 kQuestion：39 - 98498 T0 E# ]' e) a2 [1 S
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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) a( r" Y6 B2 g, xrelative value.: e8 o- e5 y' ]* J2 q; N
B)* o2 g4 B* U4 E& \" w7 t- ^
future value.% h1 C. ?% E; I1 \$ Y8 O/ D
C) Y3 y9 G' {/ c* K
intrinsic value.% ?1 F- z7 S3 n& a- r# F
D)
" C1 ^6 Q+ U5 J$ p; ?, Amarket value.
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Question：40 - 9947) C3 a1 k( j1 K: i N) h8 L0 ]2 k. r
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?; B$ [" e/ k# `9 B5 T# e
A)0 q! Q% a1 B; s
An 18 percent market share is sufficient to create a sustainable competitive advantage.. t+ L c. \8 K6 h
B) K9 _2 B- D# o
An 18 percent market share is too large to create a sustainable competitive advantage.
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Market share goals are not a competitive strategy.3 J8 L$ U2 Y$ e, _: K1 E$ Y
D)
/ R/ x0 C7 v% o$ aThe market share goal must be considered in relation to the number of competitors.7 m1 Z, o" s& _) d; Q) e
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
