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Question：36 - 27854) V H2 V1 K6 z2 u6 \$ x8 [& T
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:, ]1 c% c, \1 F' v- _! v
A)
" Q, R( k5 ]1 {; D8 D0 K% x. Z2 rprovide managers greater job security.
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. E. v4 J' N2 f8 smay start a bidding war for the firm’s shares.
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4 D: N$ g M# [( p, h7 q7 |change the firm’s legal status from public to private., }, g- I, n8 n E5 O
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force the acquirer to negotiate directly with the firm’s Board of Directors.8 g. h3 v. N4 @% t1 s
Question：37 - 27901
X5 V8 q& n: n# o, t1 j* |* nWhich of the following statements regarding internal capital markets is FALSE?
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, j0 V% \( N9 P; V/ V& I& J' gPolitical obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.# Y: |7 X9 ~2 t9 R
C)
' b9 h# i, X/ Q0 I+ k2 t0 ^The firm can credibly signal the quality of new ventures./ H# M/ x5 l2 m7 \6 s# l, t$ O
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The firm can save money by not issuing securities in the capital markets.& \- R( s/ w5 z1 c3 P
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Question：38 - 9865 P5 b% [5 L8 M. ^' X3 m
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:, a) [( Y1 F" n. H$ Z& [
A)
* y, k0 j8 K K+ Ttoo low.
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/ k, K1 T2 F# H) t) b6 x1 ?/ {$ h5 pcan't tell from this information.
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too high.
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very accurate.* F2 j3 V# ~) s6 _5 d
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Question：39 - 98493 D `% n! e* s$ @
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:) M3 x" H+ A7 l4 _1 K# i! X* X" m
A)
& F7 B/ v& z1 N! H Lrelative value.
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future value.+ i: F, c! x! ]7 s' g# x: b: j
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intrinsic value.! F& \1 v0 w7 i: s
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market value.
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Question：40 - 9947% ^- D q) K: [% o% n
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?8 U% b h, c2 r; Y" ?; \2 \8 [
A)
( S1 H4 i% t- J+ C, Z9 wAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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1 p* ]9 o2 R' |' XAn 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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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
