|
|
Question：36 - 278546 A* T' K; G' V" L3 O
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
! y1 G9 {8 r+ e8 tA)
9 {. x( H, A1 K& W) v; n3 R* Hprovide managers greater job security.
# v' A% v4 T: s2 ]B)9 J2 r7 j' X/ ]6 k, O$ B
may start a bidding war for the firm’s shares.$ i1 O+ _. u- L' W, G- ^
C)% l$ I3 l2 l, {( ~4 h
change the firm’s legal status from public to private.
2 G, c2 _3 L9 l. r/ }D)6 @+ ~5 c; B) s2 g& J* S
force the acquirer to negotiate directly with the firm’s Board of Directors.& t' e* E5 y' `! }2 B) f+ m
Question：37 - 27901
6 U8 q. q0 L( D; c7 U5 XWhich of the following statements regarding internal capital markets is FALSE?7 F: K& B8 x! Q6 u; }
A)
" z- ]+ \# M- P9 R: `Political obstacles are likely to exist in efficiently allocating resources.% `4 s' n. m" g/ u
B)% x& Q6 z7 |2 O5 O
Management can channel free cash flow from mature business lines to high growth ventures.& m6 T" n/ a2 A( _
C). y1 F. y; r' _$ W; J! ^/ r. V
The firm can credibly signal the quality of new ventures.; n e* R; |; i
D)
: @" M: G# x+ H/ TThe firm can save money by not issuing securities in the capital markets.
. R2 |) \- m) Y; H
) \. B' m' n5 |% o% C& }9 [% LQuestion：38 - 9865
+ x2 X5 O. Z$ T' U, b/ V: L5 C$ iOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:* l, I2 P$ Q) \4 V' g* E; \
A)0 d9 ]$ Z5 ?4 g4 Y) i1 Y& U" R M/ o
too low.
) N+ |6 B" D' y7 AB)
/ y8 e0 L, r; ]4 l5 xcan't tell from this information.. E8 O& Z: x$ b* U# i X/ S/ \
C)
L$ l: @) o7 x- `too high./ T) T! l- l( [9 R% Y! S
D)# L4 W: L0 k; x) l# k" l
very accurate.( Y/ g: j/ O0 i, m( L" o
6 m7 d8 R; ]+ G
! k! {; o. U! i/ D3 ?; M8 `8 w
Question：39 - 9849
" {4 ~/ ?+ {; d! ]( @( mThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:! P3 j) C+ Y* G+ @; Q# W. ?
A)
6 o# v, t: I' D7 T! hrelative value.
+ \3 Q0 g' h- LB)7 H. a; g& R! _( v0 T ?
future value.& |3 k7 t$ w2 _+ b, M; G
C)
3 b& a- ^! O/ ^" F# \6 |intrinsic value.
, Y) x: r8 \" Q* D$ G5 V3 R9 dD)8 v5 i2 |4 f4 |# i9 z
market value.
' R1 t5 p+ ]2 H3 d4 X* T, L5 p3 C+ M. m* A1 F
Question：40 - 9947
$ N5 e* T( T! b8 pRoger 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?2 j: X: Q4 ^! {* f' d( m5 N
A)* M) k& V) |; ~* O
An 18 percent market share is sufficient to create a sustainable competitive advantage.
$ ]0 k/ ?, V& S9 o. f h+ Q8 tB)
# z M+ D9 g6 P; l8 |4 SAn 18 percent market share is too large to create a sustainable competitive advantage.& h( d. ~) H" q& O& `
C)6 K9 V- |( p; ~& g) @. X
Market share goals are not a competitive strategy.
7 k% s! D3 j+ c) BD)0 X% t7 B/ w! a* Y
The market share goal must be considered in relation to the number of competitors.+ e/ n1 C7 [6 m2 w; c! t; {
|
|
发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
