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Question：36 - 27854
# {& F# ^4 G+ K, c wWhich of the following is NOT a possible consequence of takeover defenses? Takeover defenses:
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provide managers greater job security.
) L) B% a( m& \1 e0 IB)
& Q& S, I6 i) ]$ f0 emay start a bidding war for the firm’s shares.3 D1 H/ g: ?% P4 z2 } p0 g. @0 E
C)1 Y c; {) N- L/ L+ L/ P
change the firm’s legal status from public to private.5 }7 `% i4 v& @
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force the acquirer to negotiate directly with the firm’s Board of Directors.* D3 W0 e( t# J5 ^! @( L9 T# y
Question：37 - 27901
* ~! K% J. G9 n8 I' x. B2 D& qWhich of the following statements regarding internal capital markets is FALSE?
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& @. H0 q0 n7 kPolitical obstacles are likely to exist in efficiently allocating resources.
6 p( I f, \" fB)
4 V7 u/ i; t' jManagement can channel free cash flow from mature business lines to high growth ventures.
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* p# n4 {: `1 w" L9 a2 vThe firm can credibly signal the quality of new ventures.( d% f! x/ K) ?
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The firm can save money by not issuing securities in the capital markets.
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* Q: \, [8 `% [ r0 H! rQuestion：38 - 98655 {9 I5 G9 C/ w( ~5 K& j
Overestimating the growth rate of a firm in using a valuation model would result in a value that is likely to be:" _ `# b. F. b1 {$ c0 |8 b p) k G
A)
+ t- {& o5 x6 Vtoo low.
# C4 Y5 Z. w1 a9 X; z4 U" `B), h3 k# h; ?8 a
can't tell from this information.
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too high. C m- M. Z; ?" K- R0 b
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very accurate.
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Question：39 - 9849
6 j' C l5 }3 GThe goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:: \$ }. w: T, C
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relative value.: P" w# i. Y4 [) x
B)
- C4 B, P6 K: o- d3 C* Yfuture value.- A" h) F: ]5 T7 |
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intrinsic value.4 D$ y. U1 H3 H+ B# y
D)
# U" @7 b2 o# H- rmarket value. v# |6 p- V' \) i% e
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Question：40 - 9947
9 P! I/ T4 A- ?* p; H4 wRoger 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.1 l6 g( i0 S! t- N
B)
: O' B1 T$ t8 ^2 r3 O0 t0 D* `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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& x6 V6 J% o, U1 \. s4 NThe 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
