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Question：36 - 27854) e" B1 R7 }, S0 U8 h6 J$ t
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:' l% d% t& r5 n5 J1 Z! b( Q
A)
7 a, B/ M# H; k1 U' j/ A3 K2 |provide managers greater job security.
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may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.( T% e0 m# V3 @& ^
D)+ @8 H, N2 N1 B0 d& P, r
force the acquirer to negotiate directly with the firm’s Board of Directors.
1 f3 V/ V/ O7 H+ h% o! lQuestion：37 - 27901
" R# {6 A9 W+ W2 hWhich of the following statements regarding internal capital markets is FALSE?3 [' C$ I0 m0 w0 _6 P" d5 Q( ~
A)
' ^& s: X# G& e% j kPolitical 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.6 }) [5 a( E/ d9 I
C)
" ~1 w: M: G$ N }The firm can credibly signal the quality of new ventures.# u% Q' c4 l6 k `
D)
: [* x7 u) M% _' hThe firm can save money by not issuing securities in the capital markets.. D M/ j7 @0 C s6 u4 W
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Question：38 - 9865) E7 B$ d v D7 D- H, h
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:7 k3 [' O1 i* q, u2 Q9 D
A)
# J1 ?: ^0 \ ^2 wtoo low.* i8 v3 N. f6 V2 r& _3 y( F
B): M- ^ X8 y- W- y- ]) F' y% l5 W
can't tell from this information.- }, C& G/ [6 L3 N; C( m
C)
) s9 D! g$ g* V3 R `! L' {; ~7 ttoo high." W" {- k; G! C7 B0 h) B
D)/ |; a/ w: G( a3 c. i" ^$ Z5 j
very accurate.
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) P1 v; T* n; d- yQuestion：39 - 9849
3 U2 {" y2 x7 ?. N: m# FThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:7 k- Y+ k) l+ `8 ?; d# n
A)
* A% l& y5 J- s+ c% B Vrelative value. n# h. h# A3 w* e3 P8 M
B)+ @: L# y P; a S; V
future value.
+ J1 d& h: Q- m/ {C)
3 @ H5 X" _4 Jintrinsic value.# M8 Y: t1 I( @& g0 |
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market value.3 M: G7 T8 n& q- E. M7 P0 V
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Question：40 - 9947 F5 J$ ?3 o+ }* N
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?$ ?% Y5 ^; z7 K% Y- n& t
A)
' g. c" A) r$ \. L: UAn 18 percent market share is sufficient to create a sustainable competitive advantage.% L9 I7 l8 _* ~- L0 f& Q' d! S
B)
% H2 Z% ?8 v, Q( bAn 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.8 ?* ~$ D, ?% M% f' w+ I
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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
