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Question：36 - 27854
: ?9 z1 z. ^( S1 nWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:- i% S% U( H( {+ a* p: Q& u r
A)
) \ r s. D( B# _: K( Uprovide managers greater job security.( K% ]# v3 g$ n7 D+ @9 w+ Z3 W
B)+ L# b' e2 S# k! P6 d% Z8 j
may start a bidding war for the firm’s shares.
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3 J( e, y( G2 {$ vchange 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.7 t# l. G3 c' \! ^, M
Question：37 - 279010 \% Q" S |9 Y" o1 W+ s1 f0 a
Which of the following statements regarding internal capital markets is FALSE? R- ], q1 O6 D0 M
A)6 C) t! q2 G8 T# J B- K
Political obstacles are likely to exist in efficiently allocating resources.0 U1 G& U9 J9 n+ R \
B), S& W" J1 P3 t
Management can channel free cash flow from mature business lines to high growth ventures.6 E1 c" y8 v# ^* L: g
C)
3 c6 B, Z8 `+ K K& l6 e7 z: S5 b/ F. SThe firm can credibly signal the quality of new ventures.5 r4 \+ [% O% M3 t
D)
8 E9 w5 N; E0 L1 g4 P$ Q' G: {The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865; G5 B+ F" I+ ~
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:
+ Y8 S8 l( l7 o: l9 O' `( dA)1 {+ ^$ ^) J: l- U
too low. K4 E3 c$ E; T: F5 S& Z+ I
B)
/ q: v) g' |* Y' O" a6 X f Dcan't tell from this information.6 `% U4 k' o. k
C)
5 o9 R! e$ a6 H0 y% p5 ~4 n& h! wtoo high.9 u# Q. X4 W) T- f1 O$ ?
D)
6 _ C7 }2 F' F2 J8 A8 yvery accurate.$ t: ^4 V! z+ m( V4 ~8 V8 Q% ^
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Question：39 - 9849
* h9 p; l B( G$ P( yThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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. F( d# J* s4 C n) K$ Z5 V3 mrelative value.
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future value.
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intrinsic value.7 i* C+ O' j% A' _2 Z; d% B6 u1 E
D)
7 v5 Z6 Q/ c: l+ W7 A3 F9 wmarket value.8 h3 p( D6 ]1 z4 K" Y1 m
G& N8 u0 m) J6 c: F% ^1 kQuestion：40 - 9947) k* {. ], s! R0 V, I
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?( J8 H; Y) A( r' c8 _
A)3 b% V4 |, h% ] I6 v% l
An 18 percent market share is sufficient to create a sustainable competitive advantage.9 D7 |( l; I6 x; S
B)
# z! W! K4 k. I/ b- L: s0 xAn 18 percent market share is too large to create a sustainable competitive advantage.
. d5 I5 B f' IC)
( X6 \: i; @" W, q! k) PMarket share goals are not a competitive strategy.. `: e1 Q6 M7 H0 W( O& F. `' E/ I# q* G
D)
+ h& H6 B# g) q3 y. XThe 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
