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ruby5ltc · 2022年05月07日

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NO.PZ2018062005000038

问题如下:

Company A and company B are in the automotive industry. If the unit sales volume and operating risk of the two companies are the same, it is very likely that they have the same:

选项:

A.

business risk.

B.

sales risk.

C.

degree of operating leverage.

解释:

C is correct.

If the unit sales volume and operating risk of the two companies are the same, we can draw the conclusion that the two companies have the same sensitivity of operating earnings to changes in the quantity of goods sold, which means they have the same degree of operating leverage. Sales risk is linked with the uncertainty of the price and quantity of goods and services. Business risk contains both sales risk and operating risk.

1、是不是operating risk相同,degree of operating leverage(DOL)就相同?

2、是不是financial risk相同,degree of financial leverage(DFL)就相同?

3、degree of operating leverage(DOL)既包括operating risk,又包括sales risk,是否operating risk和sales risk都相同,degree of operating leverage(DOL)才相同?

1 个答案

王琛_品职助教 · 2022年05月09日

嗨,从没放弃的小努力你好:


1)是不是operating risk相同,degree of operating leverage(DOL)就相同?

是的

2)是不是financial risk相同,degree of financial leverage(DFL)就相同?

是的

3)degree of operating leverage(DOL)既包括operating risk,又包括sales risk,是否operating risk和sales risk都相同,degree of operating leverage(DOL)才相同?

不是

前半句,DOL 不包括 sales risk;另外我们一般认为 DOL 是衡量 operating risk 的,所以一般不说 DOL 包括 operating risk

后半句,如果 operating risk 和 sales risk 都相同,可以推导出是 business risk 相同。关于 DOL 相同的结论,只要 operating risk 相同就可以推导出来,和 sales risk 没关系哦

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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