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Question：36 - 27854
: r9 i" l- b% F3 ~Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:8 D: t. M7 ?% O" `7 ~" B9 G: d0 w
A)
3 t1 V1 _- o3 V0 rprovide managers greater job security.* H& C$ W) r! { B; l5 H
B)
- Z1 ^' y- {% P6 s8 q5 Fmay start a bidding war for the firm’s shares.
0 F" d& S6 i7 f# a8 Z9 _1 {C)
- J* _* M- A2 |: z% Rchange the firm’s legal status from public to private.: j: B1 i9 d/ [. ^7 A5 a, B/ N
D)
" V% l: j+ }7 `8 Mforce the acquirer to negotiate directly with the firm’s Board of Directors.0 Q2 a. @9 X! C6 J- ]9 p+ J
Question：37 - 27901
) F+ x4 `7 o; ]6 [& S( ~Which of the following statements regarding internal capital markets is FALSE?* @2 i6 i, G3 {% i' v
A)
2 O+ S; z- H, xPolitical obstacles are likely to exist in efficiently allocating resources.
8 C6 U) a5 F# m8 AB)
, F! ?/ O" C% SManagement can channel free cash flow from mature business lines to high growth ventures.
* K X. n2 t/ F, l6 Y) q1 y8 TC)
# f `( R7 D9 V% tThe firm can credibly signal the quality of new ventures.
$ q6 a [; W" ]5 i& K7 GD)
' P( u* q/ o* E2 l. WThe firm can save money by not issuing securities in the capital markets.; L! P) x0 Z- T6 r' {
5 y# r8 e7 ~4 h' Y( x( N. }Question：38 - 9865
9 D: i4 U; o& I n3 t! s0 G i# nOverestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:0 }# t! ^6 ~8 s/ ?) Q7 j
A) f3 w7 B5 |$ z
too low.
2 K0 C5 J$ r' n5 z2 d& `0 IB)
4 E2 s5 l- G7 t' k1 rcan't tell from this information.
- a. r, U% m8 V- Y* O) e9 {C), X3 p/ x+ J# Z5 K# q: r
too high.% ]2 o. f( w. M/ I
D)
$ z6 |2 h) V$ K4 ~9 K) \very accurate.& {0 v& R# V# `1 ]% w! N) ?
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Question：39 - 9849: n) S: p" ?* K; @, W6 ?
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:- _$ w1 n: G- P% X9 a' \ D
A)
j' C2 L j: Y1 H- c; r6 drelative value.+ h8 i$ q9 h( w- y, G" e
B)" [" [% Q' U$ l$ x/ E/ }0 b
future value.
, X# ~) w+ }. ]. z: GC). Y5 C- b1 g& `5 |1 K1 k @ t# g
intrinsic value.2 i5 u' A( y# I* t* g
D)$ [1 R& \8 Q2 a) c. u
market value.
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Question：40 - 9947( x: `8 |/ W& t% Q. Z4 t+ m/ t
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?
, v# y1 s- o( C a7 h% F( A( K' S1 O0 A& vA)
' r; y) M7 |( o, ^/ wAn 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., R! b/ c4 b$ {/ {% d/ H
C)
& Y2 B$ [2 E; Z& R/ Z8 q! u4 YMarket share goals are not a competitive strategy." H2 |! F0 x; H' ~% ^& K+ n
D)6 N, w+ T2 J4 p& I) Q4 x$ _
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
