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Question：36 - 27854% [8 E2 Y+ J0 k8 m/ Y2 B0 V
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:8 P# y4 I! O6 F* s8 l7 h5 G0 @
A)
( q* A! ~: p; p. t" W. `! jprovide managers greater job security.# w2 K$ Y v7 e# T
B)5 P3 ^' q/ r3 E
may start a bidding war for the firm’s shares.+ u z$ s7 q; A. G4 |# c" J
C)8 ]9 x1 W# P) x1 p/ ?; I
change the firm’s legal status from public to private.1 i- N: N: [: `! g
D)
; t0 @- l; [# I, ?+ ?0 d4 I. M) oforce the acquirer to negotiate directly with the firm’s Board of Directors.
}5 z* ]0 y/ i* E- N/ B9 U8 RQuestion：37 - 27901
" \, O# r* Q8 S2 g- AWhich of the following statements regarding internal capital markets is FALSE?5 s' ^3 t2 O1 S; q" b/ E2 J$ u
A)
/ d! E( f: u; |' EPolitical obstacles are likely to exist in efficiently allocating resources.9 J* p0 x \' c$ ]/ c! b5 d' v7 {
B)
. X. e; N5 X5 c3 q) p9 r+ N% wManagement can channel free cash flow from mature business lines to high growth ventures.
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% z% u) z A# r; MThe 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.
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& q1 i6 a3 P3 B+ V1 sQuestion：38 - 9865
+ p8 v) d0 {) ~# E' Q3 I0 d5 k( }" `Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:: y* y# @" w3 c6 J8 M( t
A)
: N- Q8 {% @5 z/ d7 z' Vtoo low.! K$ x6 J- D" E/ w, d9 `9 }# T1 h
B)% N; R+ X' t$ K8 o S& w* q+ ]: t* O" h
can't tell from this information.2 C+ W% [2 g" I% N ^, l
C)2 F: i; Y) U; C* B+ x/ l; _' p& A
too high.2 r5 }1 E" t8 @' B$ [8 t
D)
2 R. k) Q* |: v U- [( g; bvery accurate.
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* {2 R, L+ s& G% c; tQuestion：39 - 9849$ S. o$ r7 X9 K
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
4 d# b. ]; v5 b0 H! `0 FA)+ D3 w' C+ u: y7 ?
relative value.: q/ G/ V N. O2 y
B)
+ ~6 V4 g% w8 C: w' l5 @future value.1 z. p2 o: |* \2 B; K8 J; H
C)
' y' [( C. ^/ j d8 x. @3 \% {intrinsic value.
/ F) S$ f$ d; d# W' b8 B" DD); q. E% Z- P1 h3 _
market value.6 f v+ l8 i8 J, T/ G. @5 D
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Question：40 - 9947. D# Q G. i$ X' @ T" N# ]
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.- I! E/ g" l# [2 g, X
B)
. C$ {$ b; {6 h- ~- `& wAn 18 percent market share is too large to create a sustainable competitive advantage.) l# [* |) j0 q7 v5 p. ^
C)
: O2 Q& P9 J& c; {+ iMarket share goals are not a competitive strategy.6 T: {. x8 F r2 P
D)
z @. }. v5 G% r' }' s$ x' jThe 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
