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Question：36 - 27854+ c i7 S8 y6 T- |7 v
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
, k3 s1 P1 C" \* {% a! QA)
* R' W4 h# V& Y; n+ u( wprovide managers greater job security.) P( J; n4 b# S) }, d1 F3 u5 v; y
B)
8 Y y( }- i3 A' |, D" Z# g2 Wmay start a bidding war for the firm’s shares.9 r0 Z: M$ v' t, r
C)4 t# v* `7 m/ A" v& _; y
change the firm’s legal status from public to private.; }* h4 F Z! T. m3 i1 V& r& e
D) N4 o7 V2 ~$ A% `
force the acquirer to negotiate directly with the firm’s Board of Directors.
) M3 Q; r# ?( B3 ZQuestion：37 - 279014 R- o" _( k H* _
Which of the following statements regarding internal capital markets is FALSE?
2 c. u) j& ]( V& B% `- sA)
" n8 {6 ^; S, g/ bPolitical obstacles are likely to exist in efficiently allocating resources.' H, ]0 x6 n( n, Q5 B& E9 {
B)
6 x* T6 E0 T8 P& n$ MManagement can channel free cash flow from mature business lines to high growth ventures.% @7 W; T' f0 ~; J8 [& ^8 `
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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.7 i* |5 L0 }7 f. j& u1 X( F
" D9 i0 c! t9 ] f( TQuestion：38 - 9865+ h0 r, a+ J8 M0 M! T
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:, K K# E: h4 ]+ Z0 B8 x0 E) t
A)
# m* ^+ L. W2 e1 x; Ptoo low.6 f1 ~- }" z$ e+ [; g* [
B)% w9 A- |( w4 r
can't tell from this information.% B. l- P5 o/ u- y# d2 H0 W
C)
% D9 M! I5 n$ @too high.$ C; ]; H3 e/ a# @+ o2 N, m9 y
D)
- `1 o) C' S5 U0 V3 E3 ?+ Mvery accurate.
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Question：39 - 9849
6 y+ a: h6 a/ V7 u2 a2 [ j) jThe 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.
# k& N& {7 N8 n0 K: W( E) x* `4 IB)
& B) \9 L' L; E0 G6 `( [9 `5 g% u3 [future value. y% s5 [' ~ I; M
C)) A; i2 J- o. B0 f1 X- R3 f* R
intrinsic value.0 T% R5 I$ S3 c% s( a: y0 V7 e
D)8 r# s! P) Y/ a1 H" B
market value.
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% {" S @4 G1 T6 ?Question：40 - 9947
( B: a' j$ [3 _1 s' s/ xRoger 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?6 d6 \( |1 I+ K+ v& y1 ^0 q
A)
0 x: G) S. M r0 ZAn 18 percent market share is sufficient to create a sustainable competitive advantage.. S2 T3 |# l" P7 t. d: J3 q4 h
B)- v6 Y6 _9 M/ _: A
An 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.
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9 H; }6 k m6 ^& L5 k7 [5 w2 ^9 h6 PThe 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
