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Question：36 - 27854
2 t) p- v. Q# E2 R9 ?' k2 `* b: Z' _Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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# P" X3 l) I7 d2 N; \$ R# Fprovide managers greater job security.9 j9 ^! y: @0 _ a
B)
' l/ Z- ?# z$ c" g1 u0 p9 amay start a bidding war for the firm’s shares.4 S4 d; I: D( _% M+ a2 |# F
C)
! V( i4 u; u! L6 ^8 \7 i2 c; }4 hchange the firm’s legal status from public to private.0 e" t- L: }% W- J. p. x# ~ h& S
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force the acquirer to negotiate directly with the firm’s Board of Directors.4 o& V/ d* c& ^$ w& u
Question：37 - 27901
3 k' j) }3 |& |$ `5 mWhich of the following statements regarding internal capital markets is FALSE?
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" x( z3 D3 c/ W/ kPolitical obstacles are likely to exist in efficiently allocating resources.
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& Y! U! }4 \7 \8 m9 P, V/ G( {Management can channel free cash flow from mature business lines to high growth ventures.
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The firm can credibly signal the quality of new ventures.- P! N7 b1 U; P/ t; e" r" S7 R+ ~
D)
% d) s( m. J5 }% G! w* ~The firm can save money by not issuing securities in the capital markets.3 e# z0 P3 r @1 h3 d
4 J. H, Y' w! ~! y9 U# c* n$ WQuestion：38 - 9865
$ t' z3 D! o4 z( u/ [( N8 Y4 rOverestimating 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.
0 f* u" @3 V' m; Q9 p* ?B)
" Q$ b" M+ a1 _% ?4 }& I( g( y1 ^can't tell from this information.
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too high.
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( N7 s# I& c g0 d( E( ~) Z, Uvery accurate.0 Q7 o8 [9 [1 h* e1 v
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Question：39 - 98494 V. ]1 w4 J* t) W) U; P
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.' u& u, R1 o; f+ S! G$ f: C
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intrinsic value.
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7 V+ k3 W7 o# T' ?* X! c: D( fmarket value.
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Question：40 - 9947: f+ Y, e0 }4 ]1 k9 w* x: K. ^9 E
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?/ |$ I" U1 p, D1 C- R& q
A)
( g) x+ ~; p( c0 k5 A% TAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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5 M% ?' E2 H* W8 f9 Z/ k! J; SAn 18 percent market share is too large to create a sustainable competitive advantage.
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- N; c# z( {9 QMarket 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
