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Question：36 - 27854+ I) P" _) Z% p1 j2 l) r
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:, ?, h2 K3 @4 V2 G' l# r1 a
A)" f$ L; _+ ]. U% v3 u, w
provide managers greater job security. r) R! q9 T/ s' o. I- E1 A. ]- Q
B)% X. D) R+ U3 T2 L
may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
H# F. a& D4 c" rD)
6 X' ~( U9 f$ S- o4 pforce the acquirer to negotiate directly with the firm’s Board of Directors.
% _4 G0 Y9 J |, C/ H7 }Question：37 - 27901
4 G6 L4 z; t7 E# eWhich of the following statements regarding internal capital markets is FALSE?
/ N; ] T! B6 _! sA)
$ R% _! `1 F( R; R. \6 vPolitical obstacles are likely to exist in efficiently allocating resources.& I2 v) N0 D8 v# g+ o! K
B)* x% L2 @& ^( a( _, z8 e8 S C
Management can channel free cash flow from mature business lines to high growth ventures.
& ]$ Y" V+ B, S( ?2 oC)
" ~) F! y5 @+ Z* ~The firm can credibly signal the quality of new ventures.* x1 t( e; f3 L8 a) Y
D)
3 b& Z% B7 z( W; k" F* \9 zThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865( k# A8 ~6 e9 o$ z2 E
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:- @6 L6 r$ p( P# O+ s9 [- |
A)
6 l7 [% }: {% R5 Jtoo low.
6 H! X& f, {" o: H0 xB)! c* l9 H+ r& K5 Y/ h$ q/ o7 v+ Y
can't tell from this information.# N ~ @$ ]9 y7 F0 z& h3 M0 a
C)
' X" G8 a0 Y( D" C5 Btoo high.) p" S& R; r% ]
D)- X3 @0 B0 f" Y( l5 A
very accurate.3 u, w- ?! c4 D+ E* J
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Question：39 - 9849
" ]- U2 [2 p7 s0 OThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
) G% {0 \6 n9 i" u( c; w L& FA)4 }# t6 x7 {9 C- e4 K( l7 z- D4 A* B/ s
relative value.7 B: ?: D2 h4 W% d* i6 c- [7 H9 ^9 T
B)8 E! d3 j7 c7 s/ D. i
future value.
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intrinsic value.& u0 K( `/ y( J/ W4 A3 w5 C
D)
, u0 C) \* w9 J5 Umarket value.
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Question：40 - 9947+ H0 v7 s8 |4 [2 F
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?" Y/ z/ e/ s' _& W7 I3 m! ?8 {
A)* r6 c4 {0 l7 ]+ b% Z6 i: R% O
An 18 percent market share is sufficient to create a sustainable competitive advantage.
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An 18 percent market share is too large to create a sustainable competitive advantage.+ ~) b3 U3 X( s6 x
C)
8 n0 c6 n8 H$ p$ t6 ]Market share goals are not a competitive strategy.; I2 h$ w4 W2 U+ l
D)2 v9 z7 j* D* U6 _- o3 |/ ^$ V
The market share goal must be considered in relation to the number of competitors.' c3 h4 [1 T: J8 z: u( W0 p. a% Y& R6 t
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
