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Question：36 - 278547 t) W [! H C+ e- _* s0 w
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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0 `: o2 I8 a4 n8 ?8 B1 Gprovide managers greater job security.
2 G% _6 b; m# D& S! JB)
9 [9 E' f' m6 d; k% gmay start a bidding war for the firm’s shares.4 s: q, H9 m, N; |& D B# t
C)1 [. M1 u8 i5 J- B+ C+ x H
change the firm’s legal status from public to private.& v# Y, M6 R& n- F+ {4 f
D)
U: Z, a. @) d2 e# zforce the acquirer to negotiate directly with the firm’s Board of Directors.; I y6 o8 I- Q0 ^+ X
Question：37 - 27901
; W8 M" `$ Z; V! G& a1 H: w5 ?2 ?# KWhich of the following statements regarding internal capital markets is FALSE?
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' l2 Q) M" ~6 g( m" K( k% R! K+ IPolitical obstacles are likely to exist in efficiently allocating resources.. x/ e0 b( ?( W% C: U5 N
B)
4 r, r( s1 k5 k8 E: I, z4 Y- @Management can channel free cash flow from mature business lines to high growth ventures.+ c4 }0 a( M& h" Y; \1 c: ?
C)
. X- Q- ^4 a* P% _% oThe firm can credibly signal the quality of new ventures.( X; S' L& B9 x: |- P
D)
: r6 v$ A. V+ Y2 HThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
/ a2 O' \3 d4 x" COverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:' v; g) R, R/ L
A)7 R$ o6 e0 e; t+ h' S& E0 a
too low.
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can't tell from this information.& p4 G; o; g8 P0 G
C)
' d; W, ^4 n( g% T V$ I& [' j0 atoo high.
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' w' v8 A, t& X o0 X/ xvery accurate.- B% l. r. \" l l$ i, f! s
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1 [) T/ q7 U7 d. }+ t8 ^% rQuestion：39 - 9849
$ b/ ] l3 `: \0 u7 A* _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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/ P" F4 j( t6 u5 X% j8 g! Urelative value.) o( s2 s8 t0 u, {( A
B)
6 |6 n3 g4 n( |& Q: Dfuture value.
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8 a: P' K4 T5 {; f# d) `" w: tintrinsic value.
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+ A# L: p7 E1 ~8 N* i- I2 m$ ymarket value.
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% V5 l2 {7 t7 H& @" C3 o T( kQuestion：40 - 9947# O' h; y. e% t# h
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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9 p8 l. M8 u% ~3 EAn 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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) v4 k8 I7 P( J5 NMarket share goals are not a competitive strategy.
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The market share goal must be considered in relation to the number of competitors.1 W9 L1 u) k9 U/ [# D
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
