NO.PZ2024010507000010
问题如下：
An analyst assesses that a company’s new human resources policies will lead to less hiring and lower costs to train new employees. Based on this assessment, the analyst is most likely to adjust the discounted cash flow valuation model by:
选项：
A.increasing the cost of capital.
B.increasing the expected operating margins.
C.reducing future capital expenditures in balance sheet forecasts.
解释：
B is correct. Reduction in hiring and training costs due to improved policies leads to cost savings, and the analyst would most likely increase the expected operating margins.A为什么错，减少成本整个CF不是提高的吗，然后cost of capital也跟着提高？
