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Question：36 - 27854
1 F& D* m0 P% T4 C, n! iWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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: b( x' u( i! }0 y1 [ _+ I: Xprovide managers greater job security./ E: G u4 K N& R" s9 n3 r2 O
B), c0 ~. `1 U' |
may start a bidding war for the firm’s shares.
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$ I& c% I! u3 H4 p4 rchange the firm’s legal status from public to private.: h- ^0 u& z7 d% A" W) w, H
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force the acquirer to negotiate directly with the firm’s Board of Directors.
) D4 Q: I ^% {6 J) \3 ?; lQuestion：37 - 27901
. e3 _# C5 s' }0 B/ ?4 cWhich of the following statements regarding internal capital markets is FALSE?7 T+ I g% {8 w) E4 i
A): {3 k" ^/ q2 w
Political obstacles are likely to exist in efficiently allocating resources.$ W. A e& J1 p$ N
B)
9 D+ g6 z: Z8 i# C2 R/ gManagement can channel free cash flow from mature business lines to high growth ventures., F% M' \( d7 M' c2 I, O
C), f$ W& y, o: O% C- B
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.3 S8 b* A" a8 F2 p
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Question：38 - 9865
5 a2 }4 \1 ^; K# Q/ K! KOverestimating 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.- I) ^0 M* ?9 Q7 U& N
B)6 @. ^( O% Y+ Q" k d6 D/ O y
can't tell from this information.( r, R7 ?' [1 f& V9 |, H
C)
) H9 p+ \3 E( ^8 O7 w5 @7 Ptoo high.; X0 B Y6 H6 ^, ^! N1 w& t$ _
D)
/ J W* ^0 w5 T# m9 E5 N/ @very accurate.
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Question：39 - 9849' g5 `& @" t7 S) l! }5 f
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.
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future value.: q* D% B/ r- P& P- R1 S
C)' C) R7 o# ]. u) ^
intrinsic value.
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# W9 X1 l8 {* \' a9 I2 g# I9 @market value.+ ]4 \3 ]1 D/ I5 `: J$ w8 j
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Question：40 - 9947
: I8 D/ `# _: LRoger 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.6 [ g$ e; q& o" N5 ^( E
B)" {/ O r2 Q: M0 F) D8 o
An 18 percent market share is too large to create a sustainable competitive advantage.+ _9 m+ ]7 j5 ~) ]0 L$ I3 Z
C)) C7 I, l' d$ |( b- z; r+ g
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
