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Question：36 - 27854
3 Q" }# u6 |: H4 W mWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
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may start a bidding war for the firm’s shares.7 N- `9 {* I- ]- x) Z$ s$ l, W, U
C)) f* p6 g# P) p, Q
change the firm’s legal status from public to private.5 ]' i: c/ ]. V
D)( D$ |/ N+ x6 ~9 n/ B+ t
force the acquirer to negotiate directly with the firm’s Board of Directors.5 P. L C; B3 P# h% z
Question：37 - 27901
1 c' c" S \* j, G4 Q# ?0 fWhich of the following statements regarding internal capital markets is FALSE?4 y1 L/ K9 M& i/ a
A)
" {2 p3 {" R! E/ {7 M9 SPolitical obstacles are likely to exist in efficiently allocating resources.3 Y, l' V4 ^# Y1 F
B)
; S+ J& h5 A- v, g8 ?Management can channel free cash flow from mature business lines to high growth ventures.* N" c" N3 G) L4 s2 m6 q
C)
# h+ A$ M9 x7 X+ y- I+ L2 D G. wThe 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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4 t6 ]/ R# `# e# q) s9 J# B! _0 V4 ?Question：38 - 9865
2 A, C% u+ |6 y& F# H% H3 H) fOverestimating 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.) V" P$ [& Y% J: `: g3 `
B)
8 ]' j0 M4 @7 Z8 F2 Z# @0 U- M1 }can't tell from this information.' v& B1 D& d5 l. \
C)
- X/ [" r7 N8 p! v' N. ntoo high.) D2 r8 A: N5 U$ r" }
D)
: g2 x8 V( G- mvery accurate.8 D& |: Q0 K6 x& r$ d: H9 Y; P& O
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Question：39 - 9849
- T ]% i9 h6 `The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:% S w! Z X! b, h- O9 Y0 V: m
A)
7 g8 m. u0 g0 b5 D3 S2 p Drelative value.
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future value.8 [; n, C; ^% z& B$ ?4 o
C)) n! {; P$ J* Q" j4 P
intrinsic value.
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market value.; w3 T& ^' ?: C w/ D* D- V
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Question：40 - 9947 i! t( e" F+ B! J0 F+ [
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?2 d- D& X2 A7 ^, u1 r1 t
A)
; K' z" g( A! a; l. |9 K- @! WAn 18 percent market share is sufficient to create a sustainable competitive advantage.$ c! w# t8 M* e
B)7 F) ^! a% U4 p' c: n* f/ a& }
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.- s" b0 n8 K9 w2 |- I. \
D)
, N, V3 J1 H% I: qThe market share goal must be considered in relation to the number of competitors.# n2 a, D( L- h. p$ M J3 K% A& g
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
