|
|
Question：36 - 27854
9 [, V& r# c- D0 _. l, UWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
7 m: A7 r+ y5 ~) aA)
, Z$ J2 c0 D* [6 U; Jprovide managers greater job security.* \, ^1 T* T: G- h/ c. A1 ?: N' k; d* ^
B)
\- g( K5 p4 A! L8 M; i6 Qmay start a bidding war for the firm’s shares.
: s% H. [$ |6 x# Q3 K% XC)
, v/ c8 b2 N( bchange the firm’s legal status from public to private./ k# U' v3 n7 m, q' h
D)
) V3 k& @8 G4 V( r, lforce the acquirer to negotiate directly with the firm’s Board of Directors.
3 M( t5 |* n/ H1 N: v, q( vQuestion：37 - 27901$ R7 f/ G/ Z7 O: W1 c4 P) H* _. }5 ~
Which of the following statements regarding internal capital markets is FALSE?4 G# R F5 Q. D1 n# A
A)* n- \' `/ I; `& f9 _
Political obstacles are likely to exist in efficiently allocating resources.# M% Y+ ]6 C F
B)
) _: ?+ ^1 |" e: u9 A a# \$ y0 rManagement can channel free cash flow from mature business lines to high growth ventures.- k e* Q7 }7 m8 w: B
C)
8 L% q: X d, ~- }The firm can credibly signal the quality of new ventures.
! c* I, p0 e! k/ c3 B* WD). d3 E9 ? p5 H5 [/ I2 P5 d( K
The firm can save money by not issuing securities in the capital markets.
4 L( E9 g9 E1 I$ V2 Z7 [+ T/ N2 Y. m& Y5 `7 T j& q3 ]% w
Question：38 - 9865# O' p6 J% T1 [9 O b5 q! m( p
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:/ @3 L! K: O/ A8 d3 u6 ]8 p4 w
A)
) q( K: W: M) r& H1 {" vtoo low.
2 c9 M; e, w3 OB)3 G$ L) D4 t2 Q: q2 g
can't tell from this information.
4 V; {# p) I! B$ I0 e2 Y$ OC)" @9 a: g- Q3 ^
too high.
( ]7 g0 e1 J8 p0 B3 KD)' ?# Y- _& z3 M f7 `4 G7 c! g4 X
very accurate.
9 z" V! \& C; k6 ^* e: b# q- J0 O7 N+ k2 f2 ^8 [1 p) y! X4 x. C
; e _* l; k% A& c0 h0 O5 SQuestion：39 - 98492 E8 u( H1 A0 Y/ X7 S* d
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s: n$ |. K8 A' @4 c
A)
7 y7 L6 J$ ]* p& brelative value.
" r% U/ g) k8 d, @, iB)
8 [0 L5 h* |9 M# zfuture value.0 Y$ [& z% b) z9 q
C)8 b/ f$ _, H: d o* z
intrinsic value.( ^) E6 o6 s! t9 Y2 l. z# x3 E1 S5 O
D)
/ W( w; o0 {1 M8 f. Q8 Kmarket value.
6 {+ G" J' {! ^" @% Q$ c
( p; R$ o& v7 Q- ]6 A7 dQuestion：40 - 9947$ E& }9 m3 [$ t2 o8 |' E& Q
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?0 c* @8 j* Q1 n+ Q* p# j( R
A)
/ y4 y$ h& ?, g8 U' aAn 18 percent market share is sufficient to create a sustainable competitive advantage.
8 r" T! j# `) u; y7 ^9 U: AB)
; G- T' f+ d. X$ X# fAn 18 percent market share is too large to create a sustainable competitive advantage./ R9 j1 S* G; |
C)
1 |2 n7 j7 F4 ?8 \( ~6 iMarket share goals are not a competitive strategy.6 _1 o. T$ H, t3 H; m, M! M
D)
6 _+ f. i8 N1 D8 X) K2 ]- GThe market share goal must be considered in relation to the number of competitors.+ L( ~+ f6 ^: N% v! V
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
