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Question：36 - 27854- v' n, K8 X3 J+ T6 H5 ?- r; A* o8 A
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:$ ^! C5 L1 C+ f! L/ X
A)8 g/ ^$ W1 X$ l, O2 Q/ R
provide managers greater job security.8 D. B; T# i, y
B)
* b$ }2 s. U( h, fmay start a bidding war for the firm’s shares.
* r( ^) z/ O8 ]; BC)
[, l: z/ Z9 Q! W Bchange the firm’s legal status from public to private.! |) @; `( B3 D: O: _. O
D)9 d7 N$ C+ N. a' w2 e' {
force the acquirer to negotiate directly with the firm’s Board of Directors., g$ f3 F1 `% D8 V# E
Question：37 - 27901, P$ ~; ~. G4 e) H& @! w7 O6 A8 s2 w
Which of the following statements regarding internal capital markets is FALSE?! O- }1 {' ]( B( I# o
A)/ c0 A0 a. ? N z
Political obstacles are likely to exist in efficiently allocating resources.9 {: c- e4 M: G: n4 o* l
B)) f; k! \; U( R5 C3 T$ E
Management can channel free cash flow from mature business lines to high growth ventures.# T Z' |# ]5 E0 j% k7 T
C)* l. u0 w7 J2 E8 L+ G; B
The firm can credibly signal the quality of new ventures.+ ?( h: K4 J4 P! ?) p' [
D)
# _$ a6 H! t; e+ OThe firm can save money by not issuing securities in the capital markets.
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& t% y" i0 @" |+ pQuestion：38 - 9865
% t( Z/ o- _* o2 N. `Overestimating 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.
9 v- ?8 j7 m& a9 t$ f I; kB)
2 {1 x; I" p- j# C3 b9 D8 L7 C% N* Ncan't tell from this information.
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too high.% W W& u f1 ~3 E' F H
D)) m" B6 U% V- L. d4 m; k
very accurate.
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7 |# t5 {/ ?8 l$ q; j( VQuestion：39 - 98497 D o% E, a5 z" v: x6 Q) E; z
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:; M8 ~6 e" Q/ h( d9 A7 \& M9 h
A)" T% W! A) K0 \7 L$ L7 ~( l
relative value.9 T3 K( U# H% y Q5 }
B)
' I6 v2 z; Q" l" ]( m8 [future value.
+ }0 e8 y O, f+ C6 mC)
O; @6 r: [- k' ]3 [intrinsic value.. d0 H/ c4 n7 H: v1 q* w
D)' V+ {! r# o4 u% e+ L. u( ^
market value.
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6 p3 `0 R/ F) h# }Question：40 - 9947
4 p! m5 z7 t$ o9 [+ S: mRoger 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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$ v# y! k1 w' U. e" h, yAn 18 percent market share is sufficient to create a sustainable competitive advantage.
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An 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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* H T/ d4 \( |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
