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Question：36 - 27854
) P( L: u8 E: b, FWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:8 h6 h/ C* w% u
A); [- m7 v: O$ K; e
provide managers greater job security.
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2 T+ h7 F' ^* ?may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.4 p$ q" R7 Z8 N, ~0 v X8 Y9 Y5 U1 O
D); x$ o1 M: P+ P% i$ N0 |" W
force the acquirer to negotiate directly with the firm’s Board of Directors.
. k0 Q' n* v0 a" w% FQuestion：37 - 27901
* q8 ^3 v* r8 v. D6 }, GWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.
0 J$ b) P, z+ i% b" q1 p! j6 iB)
) r% f8 M5 @6 F3 K RManagement can channel free cash flow from mature business lines to high growth ventures.% G9 H5 N1 ]" o3 F- ^) ?
C)
3 d* y5 i; D- Z2 w3 q% }. k* ?The firm can credibly signal the quality of new ventures.6 |6 N7 b/ y! m$ h0 k4 w
D)
5 c l% s3 ~% j u3 o5 mThe firm can save money by not issuing securities in the capital markets.6 M6 m8 {* H; c
; M9 ?( F" |& o$ _Question：38 - 9865
: X8 O+ T0 L) T6 e7 @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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too low.
" {' k( Y, d" }2 z2 F, yB)
. z# s1 w- q. @4 X5 X# Y+ Rcan't tell from this information.
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1 G1 e& n$ z0 j5 W5 e: |6 [1 |% Itoo high.0 \, f7 \4 c4 f+ _3 C7 Z- \6 ]
D)
$ ~: Z" w1 C+ P' c# f% S8 _# mvery accurate.* c! C+ ]& H6 N8 T5 z
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Question：39 - 9849* I3 `2 x2 k" O( s0 W
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
! Z; B5 I& z ^5 QA)
" z4 P7 ~2 A$ n+ E. X! {relative value.. V1 |- h3 z1 r- q, g( {
B)1 z' ?' o, K( H! |" Y
future value.
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/ \' d) P" T2 \8 l( eintrinsic value.0 o4 r4 m. W% O6 |
D). T6 h, Q4 j5 a2 C, W" T7 E2 e# Y
market value.; P: y7 D* v2 G% O+ K/ B a
+ L5 t7 L. _3 O1 m% }
Question：40 - 9947
7 {5 f- l, n* ^. O8 L, {- x' ERoger 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?
( x6 U* G( O7 z6 I- ]A)
5 J$ h) v* L+ L- m. b2 \# Z; v& G# h1 cAn 18 percent market share is sufficient to create a sustainable competitive advantage.& r7 O+ d& ?$ m- a- y5 i* ^" g
B)7 P4 @0 t9 H4 v
An 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.3 ]- J7 M. K' H4 X. |& g3 J
D); {7 v1 b2 W7 i$ V4 K
The market share goal must be considered in relation to the number of competitors." n% F* B+ N5 n- d3 S
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
