A.its
B.whose
C.which
D.that
A.its
B.whose
C.which
D.that
4 (a) A company may choose to finance its activities mainly by equity capital, with low borrowings (low gearing) or by
relying on high borrowings with relatively low equity capital (high gearing).
Required:
Explain why a highly geared company is generally more risky from an investor’s point of view than a company
with low gearing. (3 marks)
A、Some customers’ demand may not be satisfied
B、Goodwill of the company may be affected
C、Costly emergency procedures may become necessary
D、Cost of obsolescence may be incurred.
What is the purpose of a competitor to sabotage a company's computer?
A.His purpose is to destroy or weaken the firm's operational ability.
B.His purpose is to weaken firm's competitive capability and get it.
C.His purpose is to buy the rival's company at a relatively low price.
D.His purpose is to steal important data.
A.offend
B.obstruct
C.oblige
D.offset
A.wishes to show a higher cash flow from operations.
B.desires a lower debt-to-equity ratio.
C.has a low marginal tax rate.
A company's efforts to keep expenses low and profits high may result in______.
A.reduction in the number of employees
B.improvement of working conditions
C.fewer disputes between labor and management
D.a rise in workers' wages
A.the company has low free cash flow before dividends
B.there is a low likelihood that the market price of the company’s common stock is below book value
C.a large percentage of the company’s assets are not of high quality
D.空
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