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Question：36 - 27854
+ }+ s0 K# N; B8 @" p0 z, [Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:' T) Z7 o3 H! K6 i
A)
6 [: G7 O; H4 ^3 u& }$ p F2 Eprovide managers greater job security.
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may start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.3 M0 e; J7 F" m8 w$ {
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force the acquirer to negotiate directly with the firm’s Board of Directors./ S; d- D* e, L0 v. @
Question：37 - 27901( |5 B% ^, r4 x5 q: t
Which of the following statements regarding internal capital markets is FALSE?
7 J6 x6 {8 Q& E A4 |A)
2 G# Y& C: N5 YPolitical obstacles are likely to exist in efficiently allocating resources.
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Management can channel free cash flow from mature business lines to high growth ventures.
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The 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.2 e% }' k* Q0 ^; N- c) D
- Q. P+ I2 g+ B/ x4 `: k# p8 _Question：38 - 9865
0 g7 v! h r% y0 T$ U 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.
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1 Z" I- R3 D( d3 }3 M8 ecan't tell from this information.
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, `: p( ?7 W" I5 F6 {1 Q# U( c4 ftoo high.
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& _& s o3 C' {& J! T* F+ w9 Rvery accurate.
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" d( [8 W' h# I7 ?6 ^! ?Question：39 - 9849" M# j" D [/ i
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:& N. Y5 o8 p. _+ w0 B: F+ M+ U5 W
A)
: U1 O0 j' j0 h3 g9 o3 irelative value.
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future value.4 J( V; N) [* o, T
C)
, g1 j" j6 ^) j& S; x7 s" {4 ]intrinsic value.- x6 q" I6 C. q% B
D)
4 f+ I! J0 E+ P9 i* N5 f0 q" x2 rmarket value.
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Question：40 - 99471 M$ j* [4 F' f, a" L+ H: V
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?
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An 18 percent market share is sufficient to create a sustainable competitive advantage.2 p9 B0 P2 e# q' S) z! \3 R$ g8 M
B)
) A. u# X+ A$ i2 T" V2 y; iAn 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.; P; h2 O9 q- H% n1 z
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The market share goal must be considered in relation to the number of competitors.) p* H# Z5 ] X6 z+ Y
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
