Reading 40: Industry Analysis-LOS a 习题精选 factors, included, industry, following, 2011

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Session 11: Equity Valuation: Industry and Company Analysis in a Global Context
Reading 40: Industry Analysis

LOS a: Discuss the key components that should be included in an industry analysis model.

 

 

Which of the following factors is least likely to be included in an industry analysis?

A) International competition.

B) External factor review.

C) Static-tradeoff theory.

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The factors that should be included in an industry analysis are: industry classification, external factor review, demand analysis, supply analysis, profitability analysis, and international competition and markets review. Static trade off theory states that each firm has an optimal debt structure which balances the value of debt’s tax shield and the costs of potential financial distress.

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All of the following factors should be included in an industry analysis EXCEPT:

A) industry weaknesses.

B) international competition and markets review.

C) industry classification.

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The factors that should be included in an industry analysis are: industry classification, external factor review, demand analysis, supply analysis, profitability analysis, and international competition and markets review. Industry weaknesses are implicitly considered in the analysis but are not a separate category.

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Which of the following is NOT a factor that is typically considered in an industry analysis model?

A) Profitability analysis.

B) Demand analysis.

C) Yield curve analysis.

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Yield curve analysis is not a factor that is typically considered in an industry analysis model.

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Which of the following elements least likely belongs in an industry analysis model?

A) An industry dividend payout ratio.

B) The Life Cycle Phase.

C) A macroeconomic forecast.

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Other elements listed are part of the six-factor industry analysis model. These six factors are: industry classification, external factor review, demand analysis, supply analysis, profitability analysis, and international competition and markets review. A dividend payout ratio does not belong to any of these six factors.