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Question：36 - 27854
- s; N, |! a: F% }( `Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:! F8 a+ ^) e- l
A)
2 B# [7 ^" M- {( @; ?7 F9 g vprovide managers greater job security.% f! B" @# ]! A7 {5 ] B; `
B)
2 A% c# a1 K7 [may start a bidding war for the firm’s shares.7 h& S: Z' W$ Z. K' V
C)
) x4 B. \& M. Z% |) dchange 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.
7 O" @, s0 v, g2 E* XQuestion：37 - 279018 A" | ?% n3 O" W% ]
Which of the following statements regarding internal capital markets is FALSE?. |+ Y: \0 f8 t7 Z$ u- D" {7 `
A)& J1 [1 R8 O) y; j
Political obstacles are likely to exist in efficiently allocating resources.& Q4 Y5 j6 h- h( d) u# P( I( @8 C! |
B)1 o n" Y7 u2 U a! V# i
Management can channel free cash flow from mature business lines to high growth ventures.
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4 O" Y+ k) C& ~The firm can credibly signal the quality of new ventures.$ m0 ]/ t' T) t7 h
D)' U2 O8 O& k. e! e# _9 e
The firm can save money by not issuing securities in the capital markets.
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# _. @ _9 b2 B7 t/ mQuestion：38 - 9865
* c- g9 c! q+ kOverestimating 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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too low.
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8 ~0 @* \' ]; c/ i5 o* Wcan't tell from this information.1 b1 B& T- M+ D6 A7 X. R3 m( H
C)% }* V/ p6 ]$ m
too high.: \- G' B' ]; I& ?) I6 m
D)3 U1 T) y9 w6 T2 t1 Z5 c
very accurate.
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Question：39 - 9849
0 R( Y" A7 s1 \ W* Q" qThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
+ ^% L2 h& k2 o9 O G. aA)
- Y! v2 ^% u, i, h2 \$ xrelative value.: K0 n8 `9 c* D/ d7 h; G
B)3 d$ W- h1 m' l1 B
future value.' c% `# W8 X1 V
C)
9 Y8 G' o8 J3 iintrinsic value.
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market value.
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Question：40 - 99476 `% G8 ^' }+ e
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?' {6 a1 L2 V3 e) E
A)
( @$ `, i9 j4 |* K$ Y( j/ V) hAn 18 percent market share is sufficient to create a sustainable competitive advantage.# |2 o/ V" J; ^" s. m5 T
B)
5 `- }1 ^2 ]( Y2 D" SAn 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./ f/ Z% u* e5 B/ u% p0 V1 H4 g7 u+ o" o' o
D)
, G8 N# t1 g V* @8 F; aThe market share goal must be considered in relation to the number of competitors.+ W L, R- q: C( Q
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
