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Question：36 - 27854
% Y9 g% d0 ]4 t0 G4 pWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:5 M6 G! p- T% S _
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provide managers greater job security.4 v, R' c' |5 I, x0 v5 I+ C
B)& ?, F) T6 E, N- J" T
may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.
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force the acquirer to negotiate directly with the firm’s Board of Directors.
1 Z$ |+ u x* A3 n! @Question：37 - 279017 |7 k# r1 K3 P, l) W; g
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.. Q2 Z1 x1 U C/ j. p
B)
. C8 c6 ^7 h2 j% l7 t- ]# h0 F0 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.0 H2 a2 W! z: F- ~% I q( X3 J
D); O1 h8 ?. w' Q/ f. y
The firm can save money by not issuing securities in the capital markets.( M" S& o" i0 _8 w
) F+ b: ~8 ^0 n2 @, b2 eQuestion：38 - 9865
7 g' z, Z; i! \4 z) ZOverestimating 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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* k& @* o/ G Y/ a4 ^too low.* B. J: Z! r7 b# Z- i
B)
- c, i- d6 V- S2 Zcan't tell from this information.
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too high.
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very accurate.
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" J0 o# q. z- g+ G$ qQuestion：39 - 9849- k3 _5 A5 x1 s2 G$ \' W3 W
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:/ \) w. }, r6 K8 c
A)2 c9 m- \, O$ J. V2 b$ d
relative value.! r* [" O2 p1 h% ]2 q
B)
% p& x1 O, o5 M. \7 _future value. M* H. q/ e; G
C)* y7 g5 N" T8 O' V& B2 f5 ^
intrinsic value.
$ ~5 m$ M/ U7 {( ?1 O0 H! O9 G1 VD)( q, z+ I3 d7 e! k) M
market value.
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. K9 [+ s' w% X* ]; CQuestion：40 - 9947
1 R* t' N- ]* `. o; h5 FRoger 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.
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7 G; I% e/ Y0 k( t6 I E M! ^; j3 ]An 18 percent market share is too large to create a sustainable competitive advantage.
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9 p+ f/ E% @: ZMarket share goals are not a competitive strategy.0 R6 P6 ?) Z% S2 p4 Z0 V4 R( ~
D)
, W8 w) D, e( f) Y, ?0 h( qThe market share goal must be considered in relation to the number of competitors.# ]% h( {, g' L( ]
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
