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Question：36 - 27854 S* g) I4 l& Y4 U& M8 P
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:+ U K' M4 L* s/ j o; \
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provide managers greater job security.
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may start a bidding war for the firm’s shares.: ^' {: ^, C0 ^+ x9 ~8 w' b
C)& {/ O- s, x/ @/ j. y* b, C# E5 P
change the firm’s legal status from public to private./ j+ S. M @& Q, K/ y3 F
D)
# H% N& j L. p% yforce the acquirer to negotiate directly with the firm’s Board of Directors. X6 a/ O% }" [* {8 o& t
Question：37 - 279013 I7 d8 X* G, X2 {1 \
Which of the following statements regarding internal capital markets is FALSE?
f% b( }. n$ b5 ]! qA)
. @7 C) e a* {+ U( O' l3 I, X OPolitical obstacles are likely to exist in efficiently allocating resources.5 I0 Q. N% I' i
B)! M: Z+ _+ ^3 }4 L! L
Management can channel free cash flow from mature business lines to high growth ventures.! K* r6 S3 D4 V. H, t
C)( Y1 w6 Y: m5 c5 k$ ?
The firm can credibly signal the quality of new ventures.( I+ G5 ]# R. E
D)$ B) D: ]9 K/ F, Z( c
The firm can save money by not issuing securities in the capital markets.
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, r0 W. Y5 k0 F( L' p8 UQuestion：38 - 98656 d! I+ m1 Z' H" A5 J6 q& L
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.
K& ^/ V0 M+ s2 gB)
' K1 _) d: R3 Q! s% ~can't tell from this information.
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too high.
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very accurate.
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) q) @3 O2 E8 t. r2 f1 tQuestion：39 - 9849
) n7 z! _7 k4 s7 H0 a- ~The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:9 |7 u% t; @ {' |( N6 d9 p
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relative value.1 _; }8 B8 v0 p( j3 C& g
B). H6 ^- O7 ^7 h7 Y/ l% k
future value.- J3 ~/ t' `/ r
C)5 i2 P* W; m6 I: W" }% s* |3 ^* b
intrinsic value.
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# C( N/ q- l' a3 W amarket value.. Q7 `" c: J- ^) b. y: n
- T# `% {, ?/ }1 }/ t' A, E- YQuestion：40 - 9947
" z `* e* p+ O* SRoger 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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An 18 percent market share is sufficient to create a sustainable competitive advantage.% k+ e4 l D' J, N/ N+ |
B)) \( H* X' a2 d9 `0 Y1 ?9 }1 c
An 18 percent market share is too large to create a sustainable competitive advantage.4 V1 S a& ~5 O9 ^+ M
C)
2 U( P3 w2 r4 G- c- R! i# }9 @/ v: p1 OMarket share goals are not a competitive strategy.5 _" C! I" _9 f
D)4 j* V* T4 J0 c9 D! P) y( J* E
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
