Sen a Eipluphe PICH Ley MULTIPLE CHOICE, 1. “Teoria vr ae on posta cre rein a ‘alow eta mera a ue propria repezetaes ssa wii le manifesta vali mente conditions de tunferablaten propa 44 tomecele de ma ss 2. Tes alo an psc pce 3 ciara eves mene gos rem ete (CB) smestctnen ara cos trnlttnte peen ve ‘valoarca este expresia monetara a ulltati propeictai pentru cumparaior @ caecsdemnte 3. Tewia valor rump ae preczeara x cate valine ota ds tema recat tyler ex ote nines uni propia sou reyezentara sup ial sae (eh alors nt express montana propane ana campario ‘6 toatcele demas, 4. Sadi erate leet psn ive relate: ‘Ca wean iene 1. porto de itr de psament tere excedenat ene neste S.-i nig ara ce: A tows haar npr arr se evo inven (fh) alee tee peepee ppt ae Di oe .¢,Valowea se tases pe rapt eere-ofe, apa ea pea unl ba vara diet rpatonl ew eee in mod inves propor fers 6 tne 6. Union cpa proce evar ete: ‘alia SWOT 2am spe alo ps contol fp de ich) ‘eotelleea elo testis vlo fale resentre aneelr ea indents! valars Fila 7. apo de evant ein ode and ei sa cre cia valine: 4 evares ena ‘evar retouctva a o dit smears labor pri) __evare prospective ie dts lero labora eet) vy @) resected8. Active redundant st acai in expose 1b maine echipamentsle de am Sat depos peer zte oh) ie partcpare 9. Ceca ebuin fe omsidente in varie profsonin al ehipamenslorsi alae: a fine i. inetione ul 10, egos de etree ven te mae ft at apie .e Jim Lalo nn ort ore emis 11. Lite etoelr inser in abordare pe baz de vei sn fs barra pe previ coe naa. unaensaecolba (b> no sun apcabe ineprinéenio neposiabile seen un part meatic compat 44 utincon de conde conceal economiel 12, Profi et coca car va capil te: ‘mae artnet proftoror net vito, rela in prolif ance (uot eal na oes ‘profit bat ain explousre ‘prof net cab ptt in inal ae pe@r 2 cat dura de prevaine explicia ete mal mar, pondeea valor reidule acualte in valowea ‘epider va mala est iota ei mic, ms mare pe PG 14, Deca rata de capatzre est 24%, coeicleata mpi lvl af b on6 fe) 416 a ats 15. Ceinfrmati sun uit pent previrnes vei: 1 informatie aps vestrlr porte de mn 1 infomatle maerocconomice cae a impact spr crs vent 1-6. lnlomatite frien de rele encuentereseroaels neni le 4 7 some cele tei cater de informa de mass16. In crlvare uni restaurant sa hotel ca ebuiesa ie moet, rsa aleve de evalu pe baz de 4 mete capitalzari prof net eliza in pion modenizai 2, meteda cpl pol et dia ml etrior mena © mova DCF ‘meted alr a ermen 17. Inabordarea pin compari, intepinerea relevant raspnde adorable eer compersral prota 1, cancers mei ale invepnceior cin ees mura __cuncterte iepandenor cote /&) earn existent ne pete active pena comparbide snare see 18, Vite ete ede eri i Sapa a (Qs 19, Deca vm a unread eva 2. tebe ref ares. AB) tie dete ct a 4. tcc ane sure 20, O deficient shri de eve ee: 4, ewiizaen dlr de a Bars de Valo 78; mane deforma potent imitative conde iain omlapea dea oes instil salar des FPS 44 slur in considera opie actions princi 2 cr ir umole eve cite sl tina in rae pon ple male nfo ‘anne vey @ ‘ewes ian ate ete owe ines tens bara psf incest op 22, Carew wmstorel hz de alate ita “nut orga ana 4 valearen de pists A Sena ee 4D vores ‘ 23. Caine umatoarele snare te liza in vale face peta sii seg: (UD rare te imeste 4 cone24, Cade wmacrl sor ou in ved pri 2 sbordren prin congerate 1 abondenpe bua de ive @ ane Oe ae 25, ‘Terme styrene rei a 1. stv in pis ‘stv subtle va 26, Enact wc do ue tor vet 2 apt joi vases nga ops ANC yal il srs eget ana ANE (OCG) saronca tebe va avn impact napa ANC si DOF @. dapmatel omer save pect pa a sine 27. UnANCresatv: fa cldentzao ges grata a ctaluaoeaa oat compensa de on DCF pst in meta pracicielor Fe) pe cee wr rae cbc hte tea erate) od. ANC ape Beau 28. Could comarca i ese: cost parti cape 1 cost epaator crete capiake esl de epee si sb en “eos de repreetie un substa asenantor 29, Depeite una tan mai ete: a pede de alors fea al yechini 1, perder de valare dia ead factional Pieedeea de vale dtr demodar ui tone oe deat 30, Cae din cagoie de rise de ma jos sunt spclce NUMA lnrepradrie ncoite conparaiv cx 9 a, imi 1 tvesorat LE @ erate credits povsnilor 31, Caw din categorie de rise de ma Jos sunt specice mums interndeor necotte comput ct negra cotats ‘4 tncr 1. avetiorlOrie dete ein pi Louth pee 132, Peaenimanile crs fa in meds national Romar ua de etic xpi in teen orl Um 4/6) erm rosin sia emi eh 1A sare ep cael dexrinare nominal egimare rela 33. nce stati de evo nt npn iil api mda cptaiari venta dedicate Gnusciae decree aida pyc 4) debit smo Sania 34, Dice in formal Gordon Shapiro te ulizeara rts wins si uma ra de cpr vale obit ‘rt fe 35. Creer mate snl pe tren lng proce un domenie de cvs sa PL, a pret cueme 6) inprett constane © inambeleeacpori de pre & sehun espns crest 36, Taal invepinerr in caine, dar eel rade see et: elie ect arf fon si ncaa LCR) ‘mare deat fi fest nto state roel Se seca cu cad stata nals {Arla de pe pats 437. In abodes pin compara, nerd compart abuse: 3, ssermntore in acon! Toate 4) states erate ence in aceens ara enact rfc ae, aes Pet ni te oe ee BA statics mecaae eee ee reer ome eer 39. Odes azeptbis inre dover le clei porta fae se de:& 15208 4? sss © 40508 bso 40. Rapora de evauare: 1, sear bara gale neva 2) 5 rpresinemsocl de comune aval tote cele ge se 41. Pons values de pista, stl eovest pent procs evalua realleate de o fa de consult ete ‘compa co azar rece ‘oar port J ear ropes ap “scones” 1 petaca alone de pina esto cif neclzabi dn cara condor de natura "dela™ Foie n dete pnt ea vloares epic cia reaizbi dat evaluari apr eevee mu are terme de aaa chun raspnscoret 42, Inevalren wel fcr crural bess flowed pet a aleperea corm adooate melo decree lees wer pee cede sigue core in indict iz J @ somecece miss ee Soames ae So 44, Nut era in erlare nelficer ‘omionea ba valor 1h cmismes valor velo donate in evaune rn DCF (counted exh Now) fe omisnes deca! prvind condi Kiiaive (B) ctisien sete activa ct cont 445. Teen ai eda se refer bh sctvesupadimesionale UG sve neutite | stv suena in cobilte 46, amis eras rn cme romero smd profs ear: © (cin wali ofl compen nua ener a 3) ta nomi mdr pen rgd deat enti sad 8 ‘orm rim en open Cpr merase) «ce ean arn see promis er i iin ale eho ‘robes ost ptsesik espns coe 47. Pro ep in procs eae este: 1, prezatresfmei craft i conten L2G Ete mbes pe fe ada ea oie) 48, Danae vat ila una tun moi etafectala de 4. gimme de as legisla cconomice a Pees a Princip de ba opcabl in deermiares cost inbce a un ban mobil est: 50, Ric tem fret sail tel de asus era 44 tinal de obnre scrote HG) fact deracl nve macrecomoaic iol pede came ee sca dowel 5. Unfair et te pe etn crete A@ odihees rte dota © teal peer caneni che 44 snr peer 152, Unfacto de ise semaine: 4 rica mdf volumol cer de consu moder aor dbaeit cs moc carl de schimb valour (@ “tests ater dee deals 5% Invests dcp et ait AB rotted 5 apr de capita Sieemrmtemane @. seiunvapmecant ‘A. wet ciao coat 46 meee opm 155. Rasa desta ve. ta de capital pote tenant mare node nak ic e) epi so mai mare etoueaan gala 56, Rata de cpitalicre ata cule de otene ===> [57 Sue ule de informatie in compart inreprindesion sn: Disc orgnizae de valr milo 1, plate uu i cis amt aero sbi ovat (@) ace ears ‘58, Vnloare de pa «une inrepinder valores deve (aici pone fe: ace mai mice (ca ere din state satu 59, Olucrae de evans ete ban cand fst fondamenasexcan e ae pose a dso prindre 1, alu evidenza atenteuea yor documon usc pase a dpoiie de meen, @) Snniementun ngpodton ol ovine pe ml tet 4 izes un sing sonra de peiune 60, Deca craton! aru interes in incepcndra de vat (6), wetiena dec sce ra Emel sa meninn confident 4 uebuies scones our 61, Pini conte! ara ca (@) vores une prt a uel afer Spine de at de malt conti a valor regu so, in cond in eae ar exis, ca dew reduce Valores teal 'b. saleres une part aun fei / propria dein de ponerea csr de inoue ete (CIN) intl CIN aitegaan. lore ine pat un let / popes dein de pnderes valerie chide (VL) in ta Ve aimegule item pricpi iiat n clarence (62, In abeiaen pn compari ici eamena et rnp ate” care pene 4, ee veto pli ml ee valores exis pn AN kl ore) {h) an ivetir ov plat mi ml drat costal unui rd ubtatie ucopartorv lt el ml valour esata es DCF (exci acivle edu) 41 abort pn compart rere priciplatiiari (63. Praia subsiaiecr a ntepinenie comparable 4 spopnte ea dimenrioe pata aproviionate Ge) similar irlevane dash (64, aig comsibutie aats 2 ns ae rept dps nds corde a 1, ‘alore unc prt une! fe / rosa deine de pndees valerate redundant 2) “alosea sei pr awe afc /propeietat depine de x de mult conuible aval nega Su. com neem ext x de mal ocr volar tps 4 sale ue prt a une facer pine de pondere alr actelr dune ANC (activa et‘orca sin DCF sommes cash ow) (65. Artis separaren stern fr expo vein: fa selena expr cre genoena vet 1, actvele in afr experi care peers ent 5 investi cus (@ tome cle eras 4 lene min ec pd Se. 2 SSR eee i cos BS eperem 67. ect rivnd com imitative e node in rap pei Seapets pr evaluat 1, Fema lnvooa sprog cleml siai iizator armor 6: fen nent eae nr eee ii prin rep esi 16) cfemace xine acpi nest 4 main cle de mal so 8. Copia permanent neces explorist neces in aul evalu: {mum pen integrin in ete “dunia cele de mal sos 70. Rat care eet relat tre vest ani valoen pope se ums: @ randecapaticae rt vei ©. pots 44 unde seuaizae 71, Cand saoaren de pata uel propia bere se casera pin meta capa chil forma chil ere ‘hina contact "hia i ups fade ea de pita {chin oferi ge chine De 7 en pi pv tnt manital tattoos espa @ Sint ace 73. Referrals de stanza / capita, carta ct cost: | nsearn seas oer, Hiad teen iescibabs ‘ade stirs = rade capalrare min rade creere Ge) ede ceptazae = ade ctleare ius ra decree perp {Lc un rape coe7A. Cetip de valoare ez prin waren DCP fa loare pe za minor 1 alors pe za major © valor peta morte au pe za majoras 4 sclunul dine ripen aniowe mae core 75. "nina dais Cot eProp denen da ar expla ref: a. orcs pot chelsea sees cba an de rane ret © Sie een activo ede corel pn dp var fink ca estore tin de expat 4. etecl demas 76. Eiken mi ein pce & Sesion emt descr tena fin deshalccinne we Qe ‘71. Boric rn comparate fleet a: (Gao et pone “h, fa defies momar de saat mama de ari /sctve mobile 44 loa tenga eet 78 Inexrinuc vari in inp (CP ‘naa comparator pia 2 rut di we peste GL ea in compres ap de re 79, Espen fs aan pe inomatit se a por etn (6) se vast pe ori imestor eda "verse saa de eva cl de st 44 ater mate inte loa pnt vrs vlwen pe cunpcur 80. O deficient acrid evar co: san Metfcnra e ence a iovetigtioe 1. eal peri metodo de evalowe fess dependent premiselrin ol sho Cd) tote ese de soe 81, Prin subtitle cao made subse: 1 sesimlar ca 82. Careline mele de ma jos mu sun capias in inka valor pam fsansir bts computor boast 1. tact echiraa ¢G@) o pare action pode fara consrangre 83. Ete oerar in evaure ue acd 1 misueaapicaricoretel pen lps de hit ao fema cota abs de var.¢ omsne api ue coe supa cei pe een ag contact in confit ite @ ‘relearn crc negative in aces nearer ev anes celts de onsite 84, Cescinelee prin ven capital ines (VCD: arcectcnamteer ica paac ae a peel eae rem E Soeecnadtorarhtitionwem 85, Cupar state sunt dsp sa plaeascn pen aiuto uel fe: Gwalior Pact cel ml cat investor Moanin ‘4st o nfo eleven la ent evalu 86, Visite ue integrin e refer Saar Since sta ie Beer .(@) romotvae thoes 87, Anulzcctvlor ina explo scare geereaza veri reaizeara in cade fps jure apnea conor Sane 1, ignosticuljuridie diprosticali eae (@) Gagnonicun nengenenvenres uname dingrosicua economic font “4 ingrosiculi managenentsesuveununes dagosiell comercial 88. Aponte esa wn i mobil rn meta sompaa de pas ete aovta dass fatale motes vn pe pitt (28> ex rfceme zat cu Denar mobile comparile sl infomat dese cen psa a vata 4. pistes x smparatorl 89. Valosre de csr su on moti ete ta de {prettier ec by contl de demote pregaire (Gs citer 90. Melo economies in evaluates actvelorseoroale ace pat in 9. sora pe bars cost (© shove petrade vet sorta pe bara comport dept ‘4 mse tlzowa in evar prin mexoda ANC Oia sector niveau deremperae cer ci invert ete cola de ur a acne necro active compare 1, ete neorpome actve epoca, capa de oa se (©) pial de oor ne, stv corpora, sctve ecole ONG. alae remanerate eer etl lca poy dtr 92, Meio economii de cos in evalu actvelr nearest 0 vara 15) mode conte! poi tod IRS (Ine Revene Series) de act a GW 4 eed CE93, Fura Gordon Shap ese uzat in: 4 estmares ate de acne 1 time alr une fice pin apitalzare nu wei eae va ines o reser constant {_etiare aor eid (metods DCF] in coil na lx cae neperezao cesta somitant in paiadanonexpicis @ ae ‘4, Forma Gordon Sti et ian: {1 estmares vl edule (toda DCF in con nl Mux cre egisreara crete nana dorm prea exp de previa Jy. estimres rt de acalizae J Osim kh eke nome ws an cae gino rte ona pe 4 ead explicit de pevizone 95. Care din wmatoawe jnfomati NU sunt cupinse in forula de cle a vaoei afce sav nor civ ‘sscorprle inince pin capiaisres profiure prot net ade cpatiae : = 16 meee 96, tnmetods DCF ines entice mobi san (Aa, ies ae ga eres icp er ad aes rogrraa 4) investi cate au ll dea mentite nell ssh Now investi care inteaunspenerena cresea roduc muni ein ines mioaelor ie investi cre ileal edu 97, Abordaren pin compart loses ate {pret cade acer pet / profi pret tri 3, ret profit, pest ne, pret eblizarnecorpale 3] rt cia face ret ri pre atv net Petite de aici, dtr /catal social ‘9, Veere tinal a ne facer te cre coe 4 sa fool putin pa mstode de eae 1. jndeca evans bazat pe informa cree ject evalu a bazat pe nora verte © #40 lent soe seratcepi va 99, Eclipse de ice profesional: 44ers une! pis ups alr fro fvestpace hanalin completa propria 1, accepts uni nerrtcare plata ee exits a prcete inva reralna 1, calaboraen cat ultras independent pen aes evar ee 100, Veer uni rpot de ral se poste fs 4 Incerete cn sa nein 1 cuconsimamral peli al aor apertlat ‘ees ex di supa contains valor extimate 2 8) tome ee emai se101 devalue aintepiner sunt (CD comers te oe ttn) trate pvt. (Senden) Tp. ptmonie cash ow comsbile ©. prime sah flow, compat 44 Compra, cir, bzate pe vel (eraamen) 102, Valoues ue propria este dat a. wale 2, ie arctivate 6 ovina i patere ela de cure LB tone ele demi su siisan 103. nope sundadelo deve ee neces calcula noite: lorena rat lowes susan ea capital permanent cesar explotai \ @ Vales pamela jst Corets) 104. fnron esturancreat icondu iret cate popritarin-n pti inchs tiv em moran eer tobe de ivetar tga eatganee wen = J & paar peoat 105. Princpia anicpr arta ca valores Bazeaa pe Percept evalorl ania profits vioare a ace {cpr de cae evel asodifiareooonice favre vest {© porril ceereofer eval anand ca petal aia diet proprional eu eer 44 slvan espns coect, 106, Capita permanent luc itprindr curiae: 8) capitl prop plscredite pe teen cut 1 capital soil ph rei pe emen one ‘J sept prope pas rea pe een de auras mace de a ‘Ese ole mina dori tale 107, Amonieareinobilailr fac parte din una da ctegorile de cele de alos vest hel aii cle amicipn 4 set una din cagorite de ma ses 1% Vines nil nen en ioe109. Valsad signa ua bun mobil poste determin pe metal cone meta costo aboraen prin compart de pita tal: ono, corp de pa eit A meta pe za de vee 110. Rata de capitalize se mai mic det ata destin ‘Neil va const ca Max vitor VC) sent yacrete cu aa acon = dura de preizune expe mare 44 cash ll net pon sonic deserters 111. Condi de efecwarea ni crete lementelor event st de hl ee: Ge postr egat ‘fe fea thie elope ‘eruntle) 8) cama tion din te demi at ui apse 112. Incondiecominar orale ace: rimonisia (ANC. ANL) fapialiarea CF net au Profil net ‘aloe nt mare eras in 2) 8) ric uml din cele dems civ ani, vale emia (eis) ev lela pe uma oor 113. Aberdare puna: 42 utinecom de ctiveencorporle 1, incall ote acvelenecorporal personae € estmeaza ote ctl (copa st corporeal valores de pat |G) estimeaza ote evel (corporal i necrporale) site obligate a aloe deeate 114, Cae inal dems jo et sore {4 vate capita aconaror(VCA) > alae capa invstt (VED 1 area pn espiaizaes poi nt rete wae = VC 11S, Proital et alcorect representa etck “diaran an sets o ede sane sein, 1. Sin anal aneror © dara an vitor {eric in arian de ma sos 116, 0 frm dt 31.121 un red peak. Valores rex se actin in nd orl pe baa ei a CFO¥+Syaade capitate re esa de capiare ) PN (Nt6yaa de cepizare Asc unraspasconet117, tevesineaanzaclr de pe pia fic en: by analiza dtelorsatistice le pet @ toed nals 8. ncaa anor face cu pote eet de profibiliate "lore eats pi eto ANC (el et cra) eptizure profil or apopate 1, valour ema pin eto ANC AN conor fprpite 2 aoaes eam prin met AN comabil sf eapiarre pro orf spropie (¢aouea eta pin motd ANC ANT (acl eer) Yor f aproiate 9. alr one pia 3, Rite GO mre rote 120. Inertia vata nscanes ‘realizes o car iegal fi ones sero in ime conidia ‘Smuse bzeze pe colaboatod ‘seep noms informa compete 121, Daca inreprinere va funciona se cree, valor fe fat Ge vloara call ainsi va: a enln mules 12, Standard nernationle de evar: a ate cigar JB rererina cea mai boa practca Sat inpase de ate ees & reprerinno moa 173, Modeled vere intends ut: ‘J @ compara base pe active (paren), bute pe vet (de randanent) pulmonale ch Bow, cone .purimonae cashflow compare {1 Compara, hide, zat pe vei (rand) 124, Valour aei propria eed de: by aate—anacvite doin pre el de cumprae )) amt oedema ses simu125, nopica ander de eve ete acs eee nar indica ca fa saloare substantia bru sore sta neta capital pemasent oscessexplotai {4 sores tional att (cect) 126, Vibitiatea unt inepine eee a capacioes de ape investi 1 posi de subu dviende © Saacines de pata pe pita 4. profibiliate sedis 127, Capita permanent we intern copie: fa capitl prope plus credit pe een sur 1 capital seca pls crite perme ong \ <> capita rope ls ered pe een de rambursare ma mare de an {4 Setve tale mis dtr eae 128. Inaborduca pavinonila tren a wat: ‘pe tza alo din cone, actaliza esa valor de profibiite ,_pebaza cont dachizite (Lp banal eps re 129. Insbordaea primo, msi ule we etmenrintotenon pb sale pie 1. loi denocire © loi de andmeet y- @) ctuneia din cee de mai sus 130. Rat de apie ee mai mica ect ata stead: “eit af contant ct fx vitor ura de previo explicit ese maze (flow net pone ctiona ete nvr 131. Condi de efectarea uni coreti supa elemento devest sa de bl este: fs ie ponies by Sie feral tie eaolgic S@) aise) 3) eumaliy (4 clus din ele emai ut 122, Inco conor norms vin infin, rue teil ees) aca pe emtoweh ton primes ANC, ANI) CB Sra CP a roi nt Y Secret meer dins) 0 GL Melua coe13, v roy 13s, 136, 131, 138. Abode pti: A. atin son de active nsorporle 1. sinful nat ace corporate persons «_estmaza ote cele (corpora si mcorpore) sil valour dept 1 estimeara ete sale (crore i ecorpae) sna oblgue a alo dae Care in eat de os ext sort: fa vsoure cpl scone (VCA) > sue cipal invest (VC) 1 valour pn capes pou net + rede tale = VCA. {2 values pon cpiaizaea poi net + rate tole= VCE a. Ver+ etle = Vo fie et anal coco eel 4 dinar an amerir sao medie a anor aero 1, sin arut anor ©. dingan an vitor 1.) eer in aint de ms as Ram de cestere perpetual forme de vn, in carl metodecapitalizai poate exit: 1, see mal mar ect ta de acalare {se mal ic sau el cu crosteres estat prods omen sea PB In aoe pin corre. epee compart robe ai 8 enc in aces ra cues pro et Cece de store valor fae sant 2 ri tn tect 139. ‘vie informatio ats ealari pl var etinate diferente inte reanele obtinte {4 competent evalu, sproierea ear, vabare real Report de eva: a. tebe dene cine fecal eat 1h starme taza gua valor ©) seeped comaicar a aor a tote ete dem sus 140. (© oer de evtne ete bin cnt: ‘est fondanesata excuse ate pse a dpone de inependre ‘aston eidesinalenticiates Uror decent jd pe a sporti denen ‘undamentcaradlagosicu sl peice pe aralepite! “4 ivr en sigur sconaia de previriane141, cum resmuant creat si cand dies de cate propre nt-ansptiy nei, sca cel ma npr. ‘a Decl de inyenar 2, tae etal specie soc V/s pero! 142, Princip nici rca alae ebses pe: 2) pereplile evans spear vitae ale sic ‘py. ticparca de cae evaluator oieasor economic fori investor © portiicerereofers earl aniipantca rel area diet proportional ca eee stun espunscoeet, 1H, Abordres alu pin capitalizes Vis bazar pip \ Ge) anions comet (4 ih amal ems 144, valuta sctvetor recorpora sted competent: ST (a) elt de intend lutte propia imobire crural deactve corporte mobile {4 tmurr ctegorilor evalua de ma Sus MS. Ce met cna inform de pint: ‘toda costae 1, metodeBzate pe andaent soe metea compart dees 4) toe cele de ma sos 46. Awonicarea mobile face pate din ea da cago de cele dena jos: VG bate fe ele varie cll amis 4h uma din categorie de ma ss 147. Sopa antiz! ani in apr de evalare ets pei 42 uiares evolu ia Up ceili periormantloe acer compare cu faerie ~ ¢) shustresintomatorBiaetarestrce 1: toe cele de ma ss 18, Veouesmioaelr se fae in expouire ee: ‘loa de pia general 1, cote lca et (UG oval mare valour ine valores de piss ont dino net Saou de che19. Aborres pions ete pints: ‘4 Isimepringenl ces comin ecvitatea 1, integrin eu cle nance WD lector pen ich _binepinerie it ‘Semifiaicash low-inet a dpoit ction ese suse pen deze ‘eu in eee semifsti de m sus ape ISI. Semen cad ow aa neta por firme este de “dividends db stonaror © (BD aise sri scone sesh Sow dent esr psa servi ate exer pls profit net (4c ana in colt emit de sot 152, Imes previionate in metaca DCF se refea numa 1. atv necoporale (a) seve compere acve ncorporte 153, fn pina de provisos explic arinesivsilor ae de meric aaa poste a eps b mimica ¢, mimare era di snail de ma soe 154. Inpecoada de prevziune nonexpic, maimsa avesir ane ats de aortas ana ete: a ees —- , maimica Aka da simatite eas 155. Sesul crete imclegee a investor ips in cash fowl necesar apical todd DCF este 1 eeinlocaire (@ sessne ait 8 ata prevsont 156. Medea CAPM et ula penta detersnue ale! pert arnt pene UC) ania ror Ce pil tegrrtat capil permanent {compiler cares on comin = 1157. Sunes infomation compare irene se a pend crgetnue ease i Famctitcaneow siento polos fis ene ance ea © 158, Valores etna po taza cash Now ia dlipora eoarlrtebule se propia oun in cele dem ie lore de hie \/) lars esimaa pin apeazarea real creat nt “tela din cele de mal ss 159, sca evalstorl rn ines is nuepinderet de evant a tebuieserefrecrea «J CBD tree a dete sce ore treba meainacondenliace {4 tres acdonee ners 160, 0 deficient ri devalues: fa. teblzare alr dea Ba de Var (b> emisiven de fon ptezele lias condi iniave © omisunes des oot instil lino dea FS {4 seurea in considerate opin action pica 161. Foose uc cade deine de VG problema covets d evalaare dicen valuta ©, sre cata 4 ncaa din cee de miss 162. Pinpa substi este apa in: nods oti et oan 1 ode berate pe vent 5, toda compar direst @ 163, Termenl aoa arth wit in rapt eral fr ate a. ioueuna amen ‘dn apreceren evalustorotsi 164. icp fundamental de eval al bordel baat pe vei ee: ‘fe sl cererea ‘aiprea Der165. Caetp de vate etn c vu de iat fore deg 1, raomen de eae , Yalouen de avesie VV @ vanes etn 166, Cerin scvele wmtore nu ut atv cent ABD sansa pre 4. spntitia ie vlta 167. 1. Principat eae sl agnosia pon claret 8, pega isu chesion, eri aia informatie abi bees docemenlor, iter» anlar VG pregte agnoscull, anata documento nr, ltorares color {et wo raspns coret 168, borate parinonia se econ : (Ga entre nein inane atures prepa inne enalaraepinerilor dn stra sever poesnle 4. tose ez de mai sae 160, Cort ap va egal bar wor he regener nore 4. egisatietinigoue 170. Con media ponder capitate ee ‘4, bazat pe valent a capil! Ty pet saoes Oe wens Pe rere 172, Ta cana eater eet nerd endnote ms pi meds DCF, i de stairs ian expan rma ‘ade ara fen U (cost ep pri toni)m3, 174, 15 176. im. 178. 1. 130. Jn prevnine ros et NU seine coat de vel: a dnexploare 1b, Gomer © Ainauesplowsr sik aspen cove, In previrines cashflow ai NU te tine coe de vent i: ina fe) exceptonle @. stv oem alos fel aut en metods DCF ese cant a sefoimestiih bse acelrenr itera de tte a sesvelrclante ©) fata enbiia capital investi ee > rata de stare {Ltmronbia ae eins de rte Valoura fei xe pen metoda DCF, se meine cant bh, sez de outa ativelor cela mse serene, at enact invest ene palace etuliare 4. rena Se mene constr In shuren pn compart, nveprindere leans pd ovtles ase cunpariopotbil “acteristic mei le inteprinrr dn ase rem ‘acters iepinderioe cote ‘ia exsene unite active pests comparabie: sie relate Dp er ‘Daca ANC = 12 ml, valour clelta prin sbrdare pe ara de vei et de 4 mle, vor de Tchidare ee dem. i valarea propa va a oma bo amide ate poner ice dvs valor 14. aoe de kia Exper peur: 4. se vata pe informatie pos a dip de cient 1) se va stu pe pte mei respect mtodolgin de ealar dat tat (4a fice o mode ine valores pen ventory campuraar ( gecion lacr de catvar ene au beiicn era nee a nveigaice 1. eal pica metodo evar fer sibs We. indonesia nce 3 abn (8) toa ele ess181. Se postec alae de pits fe pal eu alone patriot pe cosy x denna nota Seputes ru pena ca exe ma ie 11, Care NU seo conde fundamen define valor pa ‘4 yavatrl st camparatoal sont des Gta aia tanta 1, plistranate se eines xn oped de inp zonal pena expunere pe pita propia | anal prt sot bine loot 113, Principia sbi ete specie: 1, modelo bate pe vei © Gtr eto te grpe de mete de mal ss 184, imal pasa proce de evauare ee ‘cokers information 1, inpecaren propre Ye defies dome evaluat {4 precinrea metodo de eae 185, Cari tp de crauar i corespune peroaa de comerciizar mia: 2 salowren de impor w(b) vaowen de hide E lowrea ibe 4. lowes specie 186, Anal SWOT s barra pe: 7 nivel de sali ema india ‘singel de maz: rma ‘Stavelan de anal nal jc tenia ais comercial aia mangement si ‘eval ume aaa fanaa Bp pe 187. Ania separate actvlor rand se ela in ara 2 Gaps jes Bs, Samos tic ©) signet econo mcr “apie metodel ANC 188, Disponible ames state rede: 4 intonecuzie bse (@) and sso form de deporte tees189. Un io x este un at redundant cand ese: Ja at intro sci aniare ') incimerare 2 tapas eae inca cesar 190. Values fm cael ria metods DCF, se diminucaa ca: “avetile se diminuears ‘itera de rote a actelr circle iminunsa ‘sa enabled ‘arena capital nvest te i mica des rata. sctatiare Gere 191, Prima tment care uu revision in cdr metoei DC se: 2 soll vette esere modifier enaifondule de ulment Ve) side ace eet perpetua veut 192. Incazsl modclalas CAPM destabilize cot expt propia, coefienl ase pia a rade baa frase 1am renabitati pe im burser, V 2) prt de pe pita rier {esi a renabitti ne domeni 193. Inprevzianea cash Now lia disor fel NU se previaineara a. ofearen sn noes ond Se lent (@ ents cu dobre lard pe enmen ang vest neces {Lelie genera al ined 194, Inprevizinea cash Now alia iso fimei NU se previcinen a. oodieara sna neces ond de alent nase eine de ree {1 celle pea ale inser 195. Inca tip de cash Now ls prevnioaeaza veil da dobar siceusa ca dba a. cach ow ln depot me 1) cash wt dpi edenrioe ambeletipr deeash ow ag 196. Incaretp de cath ow ais prevziontaaivesitile neces: 4 ctuma din cle de mal sus197. Abort prin compan floes rat UV Gp meme poate py deer pumarl de sala 4 Yalow aang at et 198, Subiie vl ne a ne cr fc pie fa. pandere valde obtnue 1h prcrors oa era eva intr nn anil btn dn pices eto de | Sra \V Skt aor front mend adete de evans ppesaresuel yal misine terest Se asta aera ae sifetentaceiuerapoe intra pettcnal ace Oaane 200, Vesifeea wou apo devalues poate ie: 8. Incerere ction sa benicar , eucoasntmutl peli lateral apc daca exist bi sopra covet van estimate (aS ont edema sat 201, Care ee o com defini valor de its 1. compartoral vars unt pcfit informa asia detail taror tanec dn simi 3 © emptor s vane sunt dua persoate ndeeeme, eet ine ee pin ea etree 4. Sumatra exe consent de sringeis voto de avin 202, Valour de pata, ee define ee 2. ntoteeon etl el ms me mone pet col al mie (pre a a proba ‘con pls profit 203, ‘Tip de sour petr un snminvsttor ee a vere de it lore de mpoztare ween de ance 2) aren de invesiie 204, Ceres efecva were ‘cons valore ~ Cb) evi ptr fina de eampaare (© dora neve ovina site205 208, 210, au, 212, 213, Carex miter a cle mi be wir: 1 feb Gras by coeasiofeca 4. conta Cate fre le compete ft conuret pote, valet ters, Saiz, ten smeninres pods! svi do by lin sone management, frizori, denial ameninaresprduscld serviior paren Senor retiree de nar, iors, (4 vale ter, barrele de nar in cama, ote epei cu Frio, ptr Seger cute spall produc sate Anal cltatiprotaelor servo se wares in. 2 dlagostiu jie 1, diaprostiol coment 2) dlp operational ‘4 pens interes never ineprindrt Meta keri de evaune ne ld da propria uel inuepind, si cae se inci pe teen Tang une! re ete: 1, devizl de ctl acaiat vale de vanzarefoata ‘ncaa aici mtodet ANC 0 oor obligntre ef poe: oer cota stoepara ia at ‘sponta ine ‘socal de mater rime nce fable ‘eee de depot a teen Clue vr resol nel inrepinde mete csr an: ort de poisoe xpi ete fur ng ‘ete nvenrs note az ‘unas por clare ath wo et cep met unl din oe dems preh eta dba is oblgatole povemamenale pe termen ingots: bree {et unui cle de mass fcr deri stematc ee: ‘teal pind vera credie teen eevee protect (6 cu de nevanare selon [Motos foailor Sansa scala fice pated: 4. abontrea pear de vent '.sbordea pin compara vanzaorua, cos 6 nocare net (6 soedaea pe za de eve ‘Urmaouce forme de vn sun deepal izat in van afer pn mato capitan vel {a prota ee (PN), Cast Flow (CP bel, CF bt, dente ais. doar PN c. PNSLCE et (4. PNSiCF net viendo (Care dine lees unator erefesadefncopezat Saar veil in vlore OW. teansformares ati de cresiere a profit nein vars setivelor redundant 216, .-atsforarea CF in valowea capital acinar aso (Care est ata de tale p baa urate poten (esuaen ul pchet minora) ata reba liane de tat (20 dea: 67% fvefcentl 110 ina de pea ipsa de hii: 3956 ‘rece pe terme nga ssh Mowe 20% b 19% Vo 217, 218, 219, 229, < err ‘Abou prin compart floss ate: fa pet! ca descr pe profi pet date 1, pet! prot pret activ net pret /iabizar necoqorle rete de acer pet profit pret acti et ‘& rete de afer dato capital sca ‘aloare eichidare vs. bare acl prin mete apalizar/etuaizr oate i: mai mae ea 4) ica, ea su msi mae valuta tionzaza in ipa inimeresl propria ‘nares! pubic inineesul rte negates evaluator inseam fa sarelze lucie legal (BD satteones si seis in iiee coment 2. 22, snus zee pe colar {4 Seocepte mama infomat complete Alepecea metodo eevee fe fancied coal eval conform sate popeit fons de conjncture economic eee Cos xe:2, Cothf che, 222 ‘pet plait pea bua servic {sums neces penta ure sn rode un bun su urservsia expel ila uni bn sau seria (® raped laa ema so 223,_Care ese caractrisica me propia dette cn inves 9 penereaza profit pir cel care oexponena i te destin nciker sau revaeari lan pret aaa & vafimoderizan 44 onetineaz a eapaciatea maxim 224, Evie ator aopanle ee de competes 1 evr de prota imobiiare ‘vara de propitt! mobile @evaloatoea de incepindes “AL. contr in propia inlet 225, Inca din potas umaoare un evar veal un aaa din perspec ul investor mad: ‘apr constant abi ein) 4 staan 226. Clientele uel fine ese: 80% insta bugetr si 2% SRL cu unc ssi. Aces repent: ‘puter de negciee sear ferizorit '_ unite datorat probbilitairidcte de faiment a clierilo VE puns sab tort dependent de insti bugeice “Gun pune avorabil dora mentineri une cif de afer constante 227. Amalia caput de rods a gull de ilar 3 apc de rod resize: 228, Cea nai creti mtoda de evar terns ese: . comprare vse it) thea ede 229. Dut de vata amas efiva a wei mile Bixee sabia de: a) erator 1B. HGR ie o64058 Lepeane 5/994 6 MGR He 266/934 230, Rata anuala de cestere perpen a ert {pote met are Scat ata de care pote cel maleic rata de acualzare _mupte fim mic ect la de cron sete econ {4 et un aspans covet 251, Cre din umatowcle reli et costa {Cash fw asprin capital invest (CFC < Cah Dow t spoia atone (CPA) Bb, Profit aat> Cia deafsert ©, CRA de regla> Gif de sor(L_er~ crcr ver paso de eta 232, Care inte srmatoarle ifort NU sont pict, dct ua adc in oral decal! a vale ace st uor ace mesorporle distin prin DCF ta decapialzre ft dees dp prion explicia de previiune (© conan vt avr operatore 2258, Punt de pcre in elon presi il erin a eoltis pice pecare oper fea 1 agooseal interne lle de profiel pe ita aaa 234, Valour cael prin mets DCF exe fetta de dra de previ explicit: fda pon cao dara scurt determina lore reds a ae by da incon in ee previunea mse ae in owed constant da incon care revises face pe sta Ai an asp cae 235, Peso inrerndete care mu plese port pe poi fcr a ates prince, cowl eri ‘adobe x TVA) > at doko a rie pie ot apa rope 4. eindoban i 236, Incarl modell CAPM de estar costal cpit, coil se api renal ebza (ara i) BD ims dei pe pista de apa "= famed eb Hair in ara 44 prima de con pen ipsa de ichiie 237. Inventigare zat dep plat epi: 2 femati de a vanztor analiza dela stain le pete ,_nfomati de a constant ani we (@ tome cele demsises 238, Reoncitnes valor emis dnt evalua 2 seefera a inreags acre de evare tpl nal al roenl de vars Stata Dentcorecte ‘et un arp dem a se comet 239,‘ commit in ogatra cu laborrea un cae de arid pecta contacts herr de evar. Ape ea pet car value sai nga deal, ir ca valeuea stint de vate pst + ‘Sisa me lata comravaore aro de eae ‘3. respinget dn stat idea 1. prope ca deren accep e+ 15% 3 st de coca evan same plait ‘ics dere ine alone este Jperee sexe iia © (@ propel en in eal in care dren dese 225% evalu sa sop cost med sa © bt net ene part (d_Feopune sae cept exclaniymembrit ANEVAR cra sigur profesional 240, Compete vaanoraa feb dita de plone obinatees de veces ia ctite @ exe desartainofera (dese evden de ecomundate aor cen