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Question：36 - 27854) U; y2 n6 _. K
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:8 C) x, W! n6 p/ M0 x/ F' i# ]" U$ Q, g' R
A)
; t+ s, {& o4 ?: S6 ^provide managers greater job security.0 X. W; O& f0 ~ F: Y8 G
B)
# l$ H8 }3 g% ], F) gmay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.% w' W+ Z+ i& R& a
D)+ z- c5 Y' _ o6 J$ Q# L o3 w! x- R
force the acquirer to negotiate directly with the firm’s Board of Directors." Z1 U5 w- k4 e! ~
Question：37 - 279015 E6 V2 M& J8 }6 K8 H
Which of the following statements regarding internal capital markets is FALSE?
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2 C' G I7 b9 W$ MPolitical obstacles are likely to exist in efficiently allocating resources.0 Y! C: n& F- l/ F. X; e
B)
/ G& d$ N' i r# m& DManagement can channel free cash flow from mature business lines to high growth ventures.. D/ @1 n& S, O! s' o: r
C)
2 x9 |' F& g) w4 y8 v, |The 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% j: s$ b$ ?& I
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
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$ L }, ~6 P7 Ltoo low.
0 B' ^9 y7 j6 B4 P# f9 wB)
1 M8 ]+ {$ W4 n# kcan't tell from this information.
7 X2 U r8 h2 w1 A" N0 N# zC) c# F0 e, L L9 u- g+ C
too high.; V2 Q$ G0 w0 d# P# F
D)
2 f4 x5 c5 P2 b6 X/ F+ A8 ?8 J& Ivery accurate.
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Question：39 - 9849! N1 E& b& p& \9 Q9 }! f: K
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:. O4 H6 ?+ B& u) y% _. z
A)
, B+ k6 v- B: r& r! Crelative value.% L" q0 \* D4 X
B)# i+ g* m1 X# B" y- M
future value.8 ^. ^' b1 u+ B6 c
C)$ S7 F, P# ~" F% r% l3 W
intrinsic value.% M) }) b$ {5 a! H2 }- p2 i
D)
W2 U, X2 }7 o. Omarket value. {, `, z% s: g% F! N! l
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Question：40 - 99479 |2 }4 ~- J2 g$ D
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?# G. l" B5 E7 ^3 T" f# U
A)+ a9 a" E! y: v; I5 z( X0 N
An 18 percent market share is sufficient to create a sustainable competitive advantage.: D }$ v0 f* K* D
B)* E& Z% H7 K6 n) L+ @
An 18 percent market share is too large to create a sustainable competitive advantage.( j& ?9 Z$ {; |5 t( ]6 ~# b* ?
C)
1 G( [0 p) L. ]' F9 q) J5 cMarket 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.( g% O: i) p7 ?+ x
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
