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Question：36 - 27854. x7 u. S) X1 i1 ]) z' H! {) Q7 l
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:; a: q( i9 A' M+ H
A)1 I6 h6 L- s3 F5 Y. o% g! A% M
provide managers greater job security.! e2 j0 M' Q3 W* M0 i7 D" V' z
B)( w, E0 ~% J) _
may start a bidding war for the firm’s shares.
% T3 w9 J; H: g: V& w' x* mC)
0 r3 a) y+ C$ r7 O8 Cchange the firm’s legal status from public to private.3 \% |# F; ?- M1 K: V( E5 E
D)5 y1 k% E( @$ H7 ~! U6 V3 E% X
force the acquirer to negotiate directly with the firm’s Board of Directors. f/ z- d/ L* B+ ~! y" L
Question：37 - 27901& P( M0 R; p F5 c- l
Which of the following statements regarding internal capital markets is FALSE?
4 ]: A) ? P. yA)
, G* ?0 }2 C T: O( gPolitical obstacles are likely to exist in efficiently allocating resources.- q( A. ~; o7 x0 ~1 n2 S# U- Y
B)
- B$ F+ X: H6 f8 Y1 z! {Management can channel free cash flow from mature business lines to high growth ventures.7 {' T1 K+ f; ]
C)6 e- u7 t5 ?0 I) f& X+ o2 q& I1 R8 b+ B
The firm can credibly signal the quality of new ventures.! _2 S- f3 e4 X
D)
2 u6 r* b9 \; Z6 G! k/ T" j& BThe firm can save money by not issuing securities in the capital markets.* g+ S/ d) H3 Q( S
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Question：38 - 9865
# Q0 I) i1 D$ l; eOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
( V6 a4 Y8 g) s8 F# hA)
# x0 w/ X. u, Y+ H, R+ P$ Ytoo low.
. N8 _6 a# r! T7 q* f$ FB)
( S0 d6 S$ B1 e( V1 Tcan't tell from this information.$ D& b& n, t- m9 l# V
C)
0 v8 y8 f% b( M" ^- r; Y* X7 ^0 qtoo high.
/ `/ H3 J4 {! QD). B" i+ l0 {! `" R' `# g& C
very accurate.
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Question：39 - 98491 Z, `* c- a9 G: z
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:6 r* M" C5 y& e, g% @
A)
$ X; U2 G5 G, p( `) I% j: Urelative value.
! c) S& S' m- p3 EB)2 A7 ?' N( [& M" @! V7 B
future value.
6 k1 h2 P/ F$ U- vC)
- ?6 L: E& Y& yintrinsic value./ m0 @, E u1 u7 {! R3 s
D)
- m: p& R& n" ?$ H/ Wmarket value.+ V7 V$ \, d$ h7 R( R" l& x
; h& k e0 D+ o2 |0 [Question：40 - 9947% a6 ?2 a' J* W7 ?0 `
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?
6 [/ b' E1 A4 z* IA)
/ M' q; f7 A: E# g Z8 FAn 18 percent market share is sufficient to create a sustainable competitive advantage.3 F. V) G. R0 v4 @' W: t+ r" n
B)/ v; t7 f6 P1 J. Q
An 18 percent market share is too large to create a sustainable competitive advantage.4 |7 V$ w+ f/ u" c/ c6 x- M- A
C)
- h" W, K6 e. t6 O% I+ _. NMarket share goals are not a competitive strategy.
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" Y9 J4 X2 n; `" {+ E+ EThe market share goal must be considered in relation to the number of competitors./ H9 P+ p {; 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
