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Question：36 - 27854
) f/ U% S; Q3 G2 C- q7 LWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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4 Y9 n9 {6 `1 r& y( e+ Z( r' jprovide managers greater job security.( j- u/ V; i- z( n
B); n* D2 ?, \5 y( M
may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.2 O, b; U8 X4 m, u- L8 ~% {3 j* U8 g
D)
" d, M4 j! q7 E9 p" v, iforce the acquirer to negotiate directly with the firm’s Board of Directors. g! P5 a; K9 o) o, m5 ]
Question：37 - 27901
& I+ \ S# f- |- x. rWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.* [1 T& I4 s/ M
B)
& s& ]0 j: z% s# ?Management can channel free cash flow from mature business lines to high growth ventures., B+ @1 f6 a: C. w' `1 |
C)
* ^2 v( u: Z# r0 xThe firm can credibly signal the quality of new ventures.! q! v. O4 Q4 }! a5 _( P
D)
) B' S2 w# r5 B+ i7 [0 z1 kThe firm can save money by not issuing securities in the capital markets.- _, r. B# _0 b; s( T3 x) L# G1 `) B
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Question：38 - 98651 V) |3 E/ ~% o3 i3 n" E
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./ h+ t' b: A! b( ~5 `9 q
B)' `+ o7 B5 T: H3 O
can't tell from this information." T* l: I$ b5 F" c
C)
$ L9 n: R# l) Y$ U. d$ Ytoo high.
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very accurate.
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Question：39 - 9849
. q3 Y5 b; u, |! N) W1 HThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:( Z3 O" H+ Q! S! \, s4 S
A)
" x t: ~3 D; H9 X# @7 [relative value.
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future value.
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$ `) S' h: i7 B5 ^* ^. @1 [- Zintrinsic value.
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4 A3 g- Z% |& Q# E& umarket value.# K- F& y3 O6 E2 ]5 c1 ^7 r* T1 l5 ?& R
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Question：40 - 9947
% G# z$ C B$ Q8 |. U) DRoger 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?
; ~$ v$ \3 @/ S, }A)
+ ]7 R6 @6 l' m; F, Z& {7 b& ~+ KAn 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.# k9 F. R3 K& G
C)9 N0 _3 E' N$ B2 D }* z
Market share goals are not a competitive strategy.1 W8 `5 v/ }( n2 C% `# S
D)
\* D% ]! d) [4 @+ h1 bThe 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
