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Question：36 - 27854
6 u2 m$ P8 u9 ~- @0 DWhich 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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% h, P: \% I: A: w/ {% K6 g( `- Kmay start a bidding war for the firm’s shares.4 k" b9 u( h8 ] x \0 ~
C)
# Q# G8 F4 h1 d: C! ?9 g x( x' gchange the firm’s legal status from public to private.' K2 [2 i5 T: I' b+ C8 @, X+ k
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force the acquirer to negotiate directly with the firm’s Board of Directors.
# g. c6 B& a' GQuestion：37 - 279012 N1 a: E( c& ?8 P0 G
Which of the following statements regarding internal capital markets is FALSE?
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# b3 V" n6 G( \: b% G/ M- QPolitical obstacles are likely to exist in efficiently allocating resources.% C0 e G4 j. ^1 j1 @
B)
! k: J+ o2 n" _ ?5 g; L$ N+ _8 hManagement can channel free cash flow from mature business lines to high growth ventures.' }+ T8 Q6 R4 F5 s N
C)
0 T) i! b+ Y7 a; b4 @! T1 M: u% mThe firm can credibly signal the quality of new ventures.! N3 n6 Y: H4 B2 ~2 v
D)
K$ l) l$ w0 |$ i- u4 ZThe firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
9 ~4 c7 M8 g$ eOverestimating 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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! Z! o/ k7 ]/ r: Ttoo low., N0 B1 D* a4 c* x
B)$ `5 `8 [3 @) E
can't tell from this information. t$ N# d4 C5 r3 W
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too high.
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& D" e# k9 W2 V; [very accurate.
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Question：39 - 9849
3 ~0 ?6 |2 i! EThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:/ S" V( a& T$ I- v8 j0 ~
A)
' m" d6 L" z& H. Y2 c1 C6 Q. vrelative value.! w9 g8 i7 b0 Q7 @1 J* [, M2 F
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future value.
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intrinsic value., }8 B" M% c# _. T- _- W4 O
D)
$ J! P/ u! G: Dmarket value.
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7 G7 L; R3 O1 g1 {. x4 RQuestion：40 - 9947* K- X U a* y5 Y* ]8 }' ` p8 _
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?: r' c% E* U" C; ]1 Q7 D1 G. u
A)$ Y4 }% U: _7 w3 s
An 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.& v/ `7 B1 G; G/ k( U0 X
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Market share goals are not a competitive strategy.
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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
