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A company pursuing a strategy of vertical integration may expand its operations:

A、backward into an industry that produces inputs for the company's products.

B、by making specialized investments jointly with its competitor.

C、laterally into an industry that competes with the company's products.

D、by merging with industry competitors.

E、by using its capital resources to purchase another company within the industry.

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第1题

A BBB-rated corporation wishes to issue debt to finance its operations at the lowest cost possible. If it decides to sell a pool of receivables into a special purpose vehicle (SPV), its primary motivation is most likely to:

A. allow the corporation to retain a first lien on the assets of the SPV.

B. segregate the assets into a bankruptcy-remote entity for bondholders.

C. receive a guaranty from the SPV to improve the corporation’s credit rating.

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第2题

The board of the company has decided to widen its operation to include all aspects of the clothing business.

A.extend

B.enlarge

C.expand

D.amplify

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第3题

A company had the following events related to $5 million of 10-year bonds with a coupon rate of 8% payable semi-annually on 30 June and 31 December:

Issued on 1 January 2005, when the market rate of interest was 6%.

Bought back in an open market transaction on 1 January 2011, when the market rate of interest rate was 8%.

Which of the following statements best describes the effect of the bond repurchase on the financial statements for 2011? If the company uses the indirect method of calculating the cash from operations, there will be a:

A.$346,511 gain on the income statement.

B.$743,873 gain on the income statement.

C.$350,984 decrease in the cash from operations.

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第4题

The board of the company has decided to ______ its operation to include all aspects of the clothing business.

A.extend

B.enlarge

C.expand

D.amplify

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第5题

The board of the company has decided to ______ its operation to include all aspects of the Clothing business.

A.extend

B.enlarge

C.expand

D.amplify

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第6题

The board of the company has decided to ______ its operation to include all aspects of the clothing business.

A.enlarge

B.extend

C.amplify

D.expand

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第7题

The board of the company has decided to __________ its operations to include all aspects of the clothing business.

A.multiply

B.lengthen

C.expand

D.stretch

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第8题

A company prepares its financial statements in accordance with U.S.GAAP (generally accepted accounting principles).It expected to be the sole supplier for a state-wide school milk program and had production facilities valued at $28.4 million.Recently several other companies were also granted milk-supply contracts throughout the state and the company now estimates that it will only be able to generate cash flows of $3 million per year for the next 7 years with its facilities.The firm has a cost of capital of 10%.

The impairment loss (in $-millions) on the production facilities will most likely be reported in the company’s financial statements as a:

A.13.8 reduction in operating cash flows..

B.13.8 impairment loss in the income statement

C.7.4 reduction in the balance sheet carrying amount.

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第9题

When loading a container vessel,the operation is basically that of vertical loading.The important factors to be considered when loading containers are port of discharge,______.

A.Available dunnage,and chocking

B.Crushability,and inherent vice

C.Sweat,and weight

D.Weight,and refrigeration

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第10题

Examine the commands executed to monitor database operations:$> conn sys oracle/oracle@prod as sysdbaSQL > VAR eid NUMBERSQL > EXEC: eid := DBMS_SQL_MONITOR.BEGIN_OPERATION (‘batch_job’ , FORCED_TRACKING => ‘Y’);Which two statements are true?()

A. Database operations will be monitored only when they consume a significant amount of resource.

B. Database operations for all sessions will be monitored.

C. Database operations will be monitored only if the STATISTICS_LEVEL parameter is set to TYPICAL and CONTROL_MANAGEMENT_PACK_ACCESS is set DIAGNISTIC + tuning.

D. Only DML and DDL statements will be monitored for the session.

E. All subsequent statements in the session will be treated as one database operation and will be monitored.

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