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Question：36 - 27854. O" e& l, L0 H7 E: J
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:1 h, v: A q M/ \" n4 y+ B
A)
- s' O+ b8 v- V5 g9 Tprovide managers greater job security.
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7 c. E$ x4 p' v) G- I3 Vmay start a bidding war for the firm’s shares.
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: {" j. G m8 Echange the firm’s legal status from public to private.
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% n. S# z! O- J: I9 Aforce the acquirer to negotiate directly with the firm’s Board of Directors.* g- K/ r( \! y: e2 r* O8 X
Question：37 - 279011 ]2 b1 K* S8 l9 i* \
Which of the following statements regarding internal capital markets is FALSE?
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Political obstacles are likely to exist in efficiently allocating resources.; p, b/ O5 x {5 F! _9 ?. a
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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.$ y! C* Z% ]4 a v. _) e
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The firm can save money by not issuing securities in the capital markets.. p4 B& B# A& Z' {
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Question：38 - 9865
' Z0 b& v, b7 L7 QOverestimating 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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; d# R2 ]7 q3 x( u- ?- |. h& Ptoo low.
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can't tell from this information.- |: F; w; W$ W. f
C); N; s0 E; S. z/ M8 \/ ~
too high.2 q: g, |) M3 ^8 E: b5 ~1 D" E
D)
. R1 ]; m" t! C, Kvery accurate.
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2 f" W8 N [2 y# [' w5 O3 |( A$ ~Question：39 - 9849/ G$ C* Q7 S- ]7 D8 |+ \
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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relative value.# W/ p1 w6 y/ T
B)
/ o2 z5 p" w# w0 M) S# _# _future value.5 N! V' D }5 _7 d
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intrinsic value.
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market value.
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Question：40 - 9947
% t" e4 N5 u' ]" g# [ qRoger 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?
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9 ]# b; K1 A- l- W' t& \/ u2 n! FAn 18 percent market share is sufficient to create a sustainable competitive advantage.; @7 o6 y8 [( ?1 O
B)) e' z/ B1 k9 J& l+ {$ f: j
An 18 percent market share is too large to create a sustainable competitive advantage.
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- I# {* I3 G* _3 {7 I* UMarket 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.9 X* k* b8 ]1 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
