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Question：36 - 27854
/ `2 i; \5 a+ ^% PWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses: y& J3 r7 k. N) H1 ~8 M
A)
+ G- D. x9 P: i) }/ E ~provide managers greater job security.
2 U- Z" E/ s8 E# C. s( ~" ^B)
5 p0 C" h, Y6 xmay start a bidding war for the firm’s shares.
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9 z- |/ U" t4 G. f. J8 @; e) @change the firm’s legal status from public to private.3 J4 L+ l& B1 t* P4 F
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force the acquirer to negotiate directly with the firm’s Board of Directors.9 I" M) f. _+ g2 ?; J
Question：37 - 27901% c4 H/ l1 ]0 p2 t
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.- x/ P4 k t7 b# o- N
C)
8 t+ i. f: S/ Q: }! g5 bThe firm can credibly signal the quality of new ventures., {) j( B0 @! c2 B* h
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The firm can save money by not issuing securities in the capital markets.. n. U+ D9 k' o1 f/ L
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Question：38 - 9865
}2 c/ @5 {& X$ Y1 lOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:$ u$ S/ X( f _' J7 ?5 w
A)
6 U* }0 G3 |5 y6 A9 Y: q. o* mtoo low.
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can't tell from this information.
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) a. ]5 N" x6 I' Ntoo high.
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2 a ^/ x% A9 J# {very accurate.
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Question：39 - 9849! D) _& t- r) ]& a0 M. l
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:; z' e5 m9 B: G3 S# x: [0 J+ g
A)7 r! G* ?/ _$ T, H
relative value.) k1 i: P1 M% F! \- ~
B): l1 w9 B- a% o
future value.# r% D7 \" B/ k
C)
`" ]2 b2 @, B: x6 dintrinsic value.) |& R7 @! ]( ]3 ^
D), ^: k( m, K4 T1 f* o0 A0 ]
market value.# a; p" I" m( }; U
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Question：40 - 9947( L: _0 D+ g% h9 z" p
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?4 h4 l* B5 ?" I1 m4 S
A)
; [- @ T9 M' G) w/ ^, AAn 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.; k7 j. W4 k5 D; d4 O9 w8 v
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The market share goal must be considered in relation to the number of competitors.7 Z" y5 n$ Y& r0 }9 }* M
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
