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Question：36 - 27854
6 B+ M* y! z) w3 ZWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:3 f' C ], J+ l* \1 [
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provide managers greater job security.
. B' U/ T$ C, x8 G0 D% c: X; nB)
$ |4 b$ C" ]/ l6 W2 Q+ r+ {& K5 smay start a bidding war for the firm’s shares.! F0 J9 C: i4 t, V, n) ?2 O
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change the firm’s legal status from public to private.
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0 Q2 k0 _/ `4 _# P+ Z, @force the acquirer to negotiate directly with the firm’s Board of Directors.
3 H. Y% T4 G, g5 j% B! vQuestion：37 - 27901
3 T- @. Z F5 ], K, H: [; LWhich of the following statements regarding internal capital markets is FALSE?' W5 S- a* g& ]6 M- {" A1 a
A)
! q0 ~8 m2 v9 e4 Q/ s8 I, U4 H, jPolitical obstacles are likely to exist in efficiently allocating resources.
* y2 i5 k$ R) F0 }1 I* N3 b; jB)
6 Y$ J0 Y) O" ^) W, fManagement can channel free cash flow from mature business lines to high growth ventures.
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/ R& ^0 \4 A- u2 r2 \& l( rThe firm can credibly signal the quality of new ventures. i( k) C0 x: P" |' P5 i
D)
) B; s* f% _. i6 g% O9 R/ n5 M: |The firm can save money by not issuing securities in the capital markets.; L! W" `: G1 u; C
6 P4 P9 w+ [/ o |# ~Question：38 - 98651 J' e R* U8 Q7 `
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:% i& _% C3 S5 W$ t; {7 @
A)
4 |/ f p3 g1 g/ ?4 g$ c3 }. Ttoo low.
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) E" n; ^1 a. p& a0 _: Zcan't tell from this information.
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too high.
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& n5 b" `8 R9 G) @6 N. ?very accurate.
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Question：39 - 98495 r+ K* S) v4 B% p C$ }1 m
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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2 N' U O3 I' y, B" T* {8 zrelative value.: p j, I2 q; u' ^5 M5 `& ^. M8 H
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future value.5 l, h; z# j) V" M1 d Z' x: N
C)
: p# R; ? T5 u3 A2 Qintrinsic value.
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# |0 y. @: b; @3 `. V% m# v3 [market value.; B. b% F3 A7 r! C% E7 V8 O- u- n( ^7 f
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Question：40 - 9947+ C6 a' w F, 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?
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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.
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Market share goals are not a competitive strategy.- b( t* \, \2 V( q/ z1 `: b
D)
{- T6 o# G* ?* D, Y! L% M% aThe market share goal must be considered in relation to the number of competitors.) d/ k& o9 }% u: B/ x. I* m0 F
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
