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Question：36 - 27854; j2 _. W3 k# D! v& y$ p
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.+ n) D9 j. i( A" j* W( ~
B)7 o: h$ x$ ^4 K+ P* V9 d
may start a bidding war for the firm’s shares.' I @* K: j# j+ b; r
C)
& l+ a! a& g! g. U" J/ Y0 A4 Lchange the firm’s legal status from public to private.
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- i% J, M' [ yforce the acquirer to negotiate directly with the firm’s Board of Directors.! {/ v6 f7 q# M! A
Question：37 - 27901* |5 C% k4 N: M5 T- T# K3 J( S4 r+ z
Which of the following statements regarding internal capital markets is FALSE?
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$ }& g, L" ?- Q- ~5 EPolitical obstacles are likely to exist in efficiently allocating resources.
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4 n3 u2 t# F6 N6 ]3 p! o. J% AManagement can channel free cash flow from mature business lines to high growth ventures.9 a% Q: W# m" m6 ^8 D! G
C)
4 v" ?) l4 |, Y$ _) Y, `2 {( |" nThe 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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Question：38 - 9865
6 u5 R: E7 y: i* }, ]2 L: l( IOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:" W( `' o2 Z7 w
A)
- p' }# Q" g4 k* p$ K7 Htoo low.
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can't tell from this information.7 Q" W9 d7 x w) @% R+ s3 p1 p# D
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too high.
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# [! F( J H& R" gvery accurate., y) E2 j9 g# D
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Question：39 - 9849
, X. L" i, V) X0 DThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.. G% l* J, K8 }& c4 a7 O1 B7 L T
B)
8 A; s8 ?: F5 h3 D. g6 r1 Xfuture value.
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5 G7 R, S4 p/ v$ u! Gintrinsic value.
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market value.$ c) F# l& h4 N& F, ^
) v; }& t Y5 l6 f6 }, JQuestion：40 - 9947
& o7 w/ p0 j" SRoger 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?4 `% o6 U& \/ Q5 D
A)
) B l8 ^7 o/ |An 18 percent market share is sufficient to create a sustainable competitive advantage.9 L4 x2 M& L! z3 f7 Q) Q
B)% ?8 s$ d: }+ a3 {* z; d# s
An 18 percent market share is too large to create a sustainable competitive advantage.
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3 _. Q( `; h' \3 S! y) W0 {( J5 |Market share goals are not a competitive strategy." c0 t5 t; ^+ D. @$ W
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The 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
