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Question：36 - 27854* w! I4 n: O1 P6 n3 r8 e+ Q
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.( H L. Y: A/ D& z& a( l& U+ y5 i( B
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change the firm’s legal status from public to private.$ R* H' C% `; ^& M! z* B
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force the acquirer to negotiate directly with the firm’s Board of Directors.
- Y) a" ~7 J3 q0 q, y! | i/ mQuestion：37 - 27901
5 D: o9 u4 F% j; ZWhich of the following statements regarding internal capital markets is FALSE?% D4 Q" Y( h% s
A)
+ U( Q9 Q- B& q' w$ b$ jPolitical obstacles are likely to exist in efficiently allocating resources.
8 F7 E8 q* M" s% R9 f) J+ q# yB)
6 W4 S. l& E3 z% V" y) E1 oManagement can channel free cash flow from mature business lines to high growth ventures.
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, z/ }9 v, | N. c8 a7 SThe firm can credibly signal the quality of new ventures.4 F8 W' |- t6 p2 `5 m
D)
) }+ @7 m Q* wThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
6 M8 \& A2 n3 a# g- ]Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:6 C i- m) |4 R! v
A)
! v$ N# C( Z: G3 u jtoo low.0 o) s/ P( O) ?! q7 m( |% q+ `
B)
% |! P7 Y0 D1 W% Y) _, jcan't tell from this information.
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8 y6 }& [& _- @too high.
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0 w( e) d0 c% Z7 P9 ~very accurate.
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2 U0 H* T5 _0 n) { e2 x$ P# Z7 AQuestion：39 - 9849) v4 P1 C* `* f8 W
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:+ L$ K& ^% F/ h" v. q/ A$ k5 G: O
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relative value.* `4 |! i2 p& B
B)
# g3 w$ \& W; C& W7 efuture value.
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intrinsic value.
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$ o: R. b7 }- Z* S# Dmarket value.
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Question：40 - 99472 ?' u' a3 b. t* u5 c7 C* b" E, R) V
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?2 L; |6 S- p2 D) Z% R+ ^; p$ D2 L
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An 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.4 T1 ?. B* U* Q% H, @ n
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Market 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.
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
