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Question：36 - 27854 o/ z. e0 P& L6 I/ O$ p
Which of the following is NOT a possible consequence of takeover defenses? Takeover defenses:8 E( n' }/ O7 N; Q0 }. D
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provide managers greater job security.
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may start a bidding war for the firm’s shares.8 ]& d; d% }& |
C)
9 y2 ^/ H5 u( N- }change the firm’s legal status from public to private.
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: ~7 T9 ^: R& l4 ^( A! c# gforce the acquirer to negotiate directly with the firm’s Board of Directors.
) |- V- l7 m0 g3 KQuestion：37 - 27901
) Q) G5 r' u$ J/ n, g2 [( N. [Which of the following statements regarding internal capital markets is FALSE?) i' h' G! S. w& F: M
A)
& p2 \2 N# o* y7 jPolitical obstacles are likely to exist in efficiently allocating resources.
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4 `! A* P$ d- {Management can channel free cash flow from mature business lines to high growth ventures. D; x( B, ]- t
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The firm can credibly signal the quality of new ventures.3 j/ u" W3 X+ b4 a C
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The firm can save money by not issuing securities in the capital markets.
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Question：38 - 9865
3 V$ F+ a* ^4 T5 e# 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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' P: Q& V5 X5 |2 y2 v E atoo low.
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4 ?0 I7 n2 |( Q) K* l, t4 P0 X$ ccan't tell from this information.
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; A1 U: `* L1 ]" Ztoo high.
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3 Z7 z9 b E0 N. C |7 Jvery accurate./ v) Q% ~4 A5 t$ b4 P) r+ t+ `
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Question：39 - 9849+ T: S p! J$ V3 M( S# W
The goal of asset valuation, based on the expected future cash flows of an asset, is to establish an asset’s:$ F9 g9 A6 D4 g
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relative value.
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future value./ ]2 ]; M$ A6 I7 Q
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intrinsic value.
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3 H( u) u) g- y. f1 l5 m$ ^market value." o9 q9 ~6 k/ a s: P2 ?
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Question：40 - 9947' A7 n( c: j8 d* [9 p
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?" e& Y* a9 ?8 U: d
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An 18 percent market share is sufficient to create a sustainable competitive advantage.
3 q9 C: C6 l$ p6 s# Z$ G$ W" {B)
' q+ C( o7 c4 k0 q3 AAn 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.3 r! U/ S6 h: j0 A3 k% ^
D)
' `2 J7 [+ H6 r+ Z$ f6 MThe 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
