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Question：36 - 27854
7 a% {1 y* F! i- j& x6 ZWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:9 [: w9 }9 L! ~- A
A)
}2 S" S2 Y9 t) zprovide managers greater job security.
4 I' J' O' z0 pB)
3 F7 y9 I2 t- F/ e8 v0 _8 dmay start a bidding war for the firm’s shares.. h* T5 n8 [! b
C)
- Y% K( G! N0 d& Y {% `, a# Zchange 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.
& V" y, w4 |( b# ?6 TQuestion：37 - 279011 {1 J7 e9 M$ Z/ D
Which of the following statements regarding internal capital markets is FALSE?0 \# Y3 ?6 z+ }. P6 l- `) E% A! q
A)
8 U5 {3 K& J3 E4 OPolitical obstacles are likely to exist in efficiently allocating resources.4 |/ _5 C. X. e3 {0 e
B)
* v% h* [( r2 H4 q& t/ u8 ?; E4 ?Management can channel free cash flow from mature business lines to high growth ventures.; g) ^" C+ g) y
C)
; C$ z8 t" s' p- x9 eThe firm can credibly signal the quality of new ventures.
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The firm can save money by not issuing securities in the capital markets.
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# O& {3 c; d3 \! `# o4 F% K3 [6 j# H$ mQuestion：38 - 9865/ U6 W( }% L( M9 n0 C C
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.
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" N/ t$ v/ p8 R p3 y* Tcan't tell from this information.
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too high.
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very accurate.6 P5 C ^" z" }# V5 G
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Question：39 - 9849 q: W9 b: ~0 Z$ D0 e0 D
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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2 i7 c- O( y9 z, x( w! nrelative value.
: n6 z5 x' w5 j& K$ I' ZB)
$ Q6 V) x4 \2 _2 ffuture value.
5 O7 P3 F7 m" S$ i# N4 h: }C)
" W+ H, {% @% t: l9 \intrinsic value.
2 y# y5 C9 [9 J0 h& cD)
- W. B$ U/ p5 }0 _2 P% I9 Imarket value.7 g I5 c: d! H! q+ K
" d2 o; S( ~4 rQuestion：40 - 9947
. B9 C& R* f0 v: a( l4 ?+ v9 V: ^% eRoger 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?) a& t* w! I- R- m" `0 }
A)& X {- L& A8 y- D7 `3 b, R: i
An 18 percent market share is sufficient to create a sustainable competitive advantage.4 q) T& N/ P+ `+ j4 l0 {9 U
B)
/ F# [" l& x2 n3 I- d6 FAn 18 percent market share is too large to create a sustainable competitive advantage.$ A; ^3 b$ m. i! x/ C: l1 _( A
C)
& E$ ]6 D/ O6 J0 O' f" FMarket share goals are not a competitive strategy.
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. U) C' ?& p- j- e1 NThe market share goal must be considered in relation to the number of competitors.5 \ t3 N" v( `$ i
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
