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Question：36 - 27854
5 @: C \5 m6 C/ F7 P, oWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.
/ O Q$ ?" s/ ^. c9 @C)
# g) J- _" U% `- b0 K* tchange the firm’s legal status from public to private.- p: L% W# d$ }
D)
* d( O; o' i, q& s' @8 O# z$ gforce the acquirer to negotiate directly with the firm’s Board of Directors.
t1 j+ {/ c& `& SQuestion：37 - 27901
) U T a+ m+ N0 @) K, ZWhich of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.8 ^" i( V& F! M* v0 |/ f: U. c* ^
B)
8 ]! V5 V. s& V6 }Management can channel free cash flow from mature business lines to high growth ventures.1 N. T+ d4 q0 x' ^5 c& j# ]- ]
C)
# K3 P/ k6 l# {. r7 O# XThe firm can credibly signal the quality of new ventures.
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, S9 v$ m# N9 A# j3 o9 sThe firm can save money by not issuing securities in the capital markets.
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7 D0 a A" g) y, I1 ^Question：38 - 9865
! e# i7 F) X& X' e7 Q1 g& POverestimating 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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. v% w1 p% D$ Btoo low.+ @; I" J8 ?0 g7 Q q+ j" c
B)& ^$ i8 [3 e _9 ^+ R& r- Y
can't tell from this information.
$ [7 ^8 z! d b: B2 U/ R2 bC)
1 Y) d$ ?8 n. \$ L' o0 Dtoo high.' z1 l. \( E% }4 M6 [- c
D) ?, n" Y( \, y& i
very accurate. T+ Y+ T3 E4 r4 R
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1 B7 u6 o7 z. Y; e9 i- JQuestion：39 - 9849+ f" ~, ^7 J( L
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:" y H- Z; |* L Y% V8 ^4 y
A)
/ G; |: j- g9 w) B p7 zrelative value.
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# ?: s9 g# ?% Z' k) K7 X. tfuture value.
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intrinsic value.
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market value.
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) _" f3 O. t' ~! E; O M MQuestion：40 - 99476 ^9 S* S: }- D! Q- b/ w* O* b
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? @" |# N |" P% j: n! [: l
A)
( e% T; Z' z8 zAn 18 percent market share is sufficient to create a sustainable competitive advantage.7 v1 k; i) ~* D$ k
B)
5 c; ~0 c; j' ?5 ?, }/ S7 x4 jAn 18 percent market share is too large to create a sustainable competitive advantage.
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Market share goals are not a competitive strategy.
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5 h6 e9 }$ ^, g8 l4 z) TThe market share goal must be considered in relation to the number of competitors.( ?) U5 d+ r \8 r5 t
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
