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Question：36 - 278542 `3 v8 b2 i( M3 x
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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" t* O" A2 d1 c7 Fprovide managers greater job security.' [6 m% Q" P. x+ p$ m7 G0 A
B)
1 R$ N0 u: }$ G0 G3 X: H0 Bmay start a bidding war for the firm’s shares.: a4 n+ u/ H% V& A3 W: c( h8 j; R% T
C)
! p& ~; ?4 f- t; b3 V( ^$ }- mchange the firm’s legal status from public to private.$ |, A* A, F2 X( ?
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force the acquirer to negotiate directly with the firm’s Board of Directors.+ Q! w% K1 v% x# w
Question：37 - 27901* n! C' U ~# [
Which of the following statements regarding internal capital markets is FALSE?; t: B. r! D# t( c$ S, H* m
A)
- h- m* \$ F+ n5 N% N5 TPolitical obstacles are likely to exist in efficiently allocating resources.7 a% m4 ^7 Z) T. }9 @) h* a' a
B)
3 f) a+ P( o5 F6 \5 a* lManagement can channel free cash flow from mature business lines to high growth ventures.
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" a7 v1 ^1 S* U+ n. {$ s# {: {- bThe firm can credibly signal the quality of new ventures.
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3 l& l) y1 Y: x7 wThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
9 H4 Q$ Z" o' eOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:: O6 a$ N: h4 k. p& _6 s4 {4 [7 n
A)
* P( {9 O2 A' T5 n- h |" y5 k8 |too low.' V7 J- Q: p$ m- Z
B)
3 d5 J/ u( D( S. h A, Jcan't tell from this information.
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too high.2 X0 h* h- Q* |) A' I9 T$ g
D)8 ~" k- [! M5 E; W/ H( C6 `
very accurate." w4 e: N& S! w4 a' o1 k; z
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9 a( u' J4 ^5 }) s; u8 U( LQuestion：39 - 98492 }: O/ e# T* ^8 O5 u
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:8 K6 L% X2 x# ], j
A)
% D9 b3 e% {0 p+ y) U G2 Z3 _( I" W& drelative value.
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+ D: @2 i6 X3 H! xfuture value.9 e" N& d4 T+ L7 d. L
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intrinsic value.' z0 b: Y0 s$ O9 |1 [3 O4 B
D)
& T% S* M& n- j! s4 V! Hmarket value.( ]) `9 C8 l! o" R
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Question：40 - 9947& _5 k6 ]. `3 s/ P+ ?2 u; A
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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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.
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' j, h' C- g1 Z3 f; pMarket share goals are not a competitive strategy.
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6 V: n. u3 T" i( y9 r& X* `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
