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Question：36 - 27854! |1 e8 a8 e" Y9 X! D
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:" m" z, j- g" w5 p. [6 L4 E) H
A)$ x/ ~) r4 J3 b3 j' v
provide managers greater job security.. h5 M" [" T0 Z# ^- C& c
B)
9 v; y9 h$ ~- f# Q) _may start a bidding war for the firm’s shares.9 V0 z! w. a4 G& }8 K
C); Y* L/ d! X; v1 e: ^
change the firm’s legal status from public to private.) N7 O% v* k h
D)
" Q0 |+ U+ t' |; mforce the acquirer to negotiate directly with the firm’s Board of Directors.' B1 _- ]. W5 t2 \
Question：37 - 279010 n& t! J/ p# Z
Which of the following statements regarding internal capital markets is FALSE?
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O, K! `+ X( g$ L0 SPolitical 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.
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The firm can credibly signal the quality of new ventures.8 {8 a" I( J! J! {' X- { T! G& N6 s
D)6 F8 Z7 v$ [( ]& U$ g
The firm can save money by not issuing securities in the capital markets.
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+ ]+ {6 p/ \* B1 {Question：38 - 98653 e7 I0 A. o- n- y. ?' F. x( C
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:' o( A% y( [5 y# n! j* M# y
A)+ s! \# l; Z9 L5 r7 \
too low.
A1 @* K& W/ F- IB)
2 h v4 b/ L9 Acan't tell from this information.! u( o9 S P3 t9 w- }
C)$ G/ T/ ^! D" c
too high.
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very accurate.5 m \6 p3 }: Q' P c
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Question：39 - 9849% w4 T$ I! u- M
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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7 I/ ]* w+ a* h! yrelative value.
- {4 Z1 I- ~% U, o5 sB)# o- B; H) F. S; o6 `
future value.+ t" _* u' `* O2 p0 n
C)
- M$ t: A) j' {. w- yintrinsic value. [8 V% }( t `. Q& Z' m* l/ j J
D)0 Y h: Q! v a: m6 h# C- i
market value.2 B7 a( N& a2 ?5 [& @ c" l
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Question：40 - 99472 @+ h4 U4 C3 S) m, }$ S
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 G1 f) n* b; G3 X/ K j
A)/ e( V; H, B* D6 ~. C
An 18 percent market share is sufficient to create a sustainable competitive advantage.( c- d# H$ @* R3 Z& r; L
B)
6 x: Z; r. t+ J4 Y0 O. ?$ YAn 18 percent market share is too large to create a sustainable competitive advantage.
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1 T- x5 P) w. VMarket share goals are not a competitive strategy.! m0 `" J/ z! a. W
D)) L3 R/ d$ ~: A0 }) L! ?% T- o
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
