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Question：36 - 27854+ u" j/ I! [' N) t- ^! ]4 j
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:, }2 ?8 H8 ~( f. y% B) A1 {3 Q
A)
0 A- c R/ Q( ?) j/ f4 l, z- `provide managers greater job security.. z9 O* c# R% @ ^6 o+ W
B)
% O, T* @0 Q1 ]# g- W- emay start a bidding war for the firm’s shares.
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change the firm’s legal status from public to private.. [ Z0 ~3 W- E" |
D)2 Y5 e& d* {, z8 [8 |- n2 o
force the acquirer to negotiate directly with the firm’s Board of Directors.
) w! o- t4 r' U2 k8 _Question：37 - 27901* i. A7 C, z* O; @* k& `+ J
Which of the following statements regarding internal capital markets is FALSE?
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& \! s _7 O4 m PPolitical obstacles are likely to exist in efficiently allocating resources.
' A! O0 W5 S1 I- b d. l& }B)
/ \/ d$ j( r( U) J, i# O! ?Management can channel free cash flow from mature business lines to high growth ventures.3 s$ C* ?' D$ x/ ]3 h
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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.
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Question：38 - 98658 y7 v4 x2 D G
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:$ n8 M, {( @! R! [) W1 I0 w
A)
( G! `' }5 b) j: Y$ atoo low.- D n4 P5 p% `
B)
' z1 c1 t# q# C4 j8 ~can't tell from this information.5 e! U0 b3 q# [
C)( {8 [5 U: \1 W3 m
too high.. P, e; N- ^$ t
D)
4 L$ I+ @" f1 _2 f) rvery accurate.
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Question：39 - 9849, `$ I" Z9 s3 w8 K1 A: h; a- z
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:
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relative value.
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' n9 `9 ^" o0 g( i2 e# ufuture value.! H. h0 B1 z! l" k& z* S2 |
C)+ H" g- s8 D- {& I/ Z$ r' i
intrinsic value.: ^. w0 X! H! v0 Y& S5 k" ?
D)
8 c% L! E) n) F o t9 Dmarket value.; T1 G6 R/ N# z# V4 J& |$ t( `- S0 h
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Question：40 - 9947
9 p# l) ^& Y/ e |$ g) L/ b$ ?" gRoger 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." I9 ~ @4 ^. b, o* u7 [4 N
B)
3 L$ i% n1 ]8 `7 qAn 18 percent market share is too large to create a sustainable competitive advantage.
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8 \; t5 {2 M- V* N% `7 {) kMarket share goals are not a competitive strategy.
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+ y6 E9 q5 N& u: A3 K F4 C4 Z. N2 cThe market share goal must be considered in relation to the number of competitors.) K5 O( B0 |1 `( c
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发表于 2015-7-16 13:21:03
楼主
发表于 2015-7-20 18:51:02
