Reading 38: Industry Analysis-LOS e 习题精选 2010, face, following, industry, factors

土豆妮

Session 11: Equity Valuation: Industry and Company Analysis in a Global Context
Reading 38: Industry Analysis

LOS e: Illustrate the inputs and methods used in preparing industry demand and supply analyses.

 

 

 

Which of the following factors would NOT be considered while an analyst is performing an industry demand and supply analysis?

A) Impact of changes in the national taxation policy.

B) Prospect of a foreign competitor entering the industry.

C) Historical relationship between gross domestic product (GDP) growth and the growth in company revenues.

---

 

All factors except the tax policy would be a part of industry demand and supply analysis.

土豆妮

In an industry analysis, the analyst must assess future demand for the industry’s output. Which of the following would NOT be an appropriate method for assessing future demand?

A) Assuming that gross domestic product (GDP) growth for the country will approximately equal sales growth for the industry.

B) Incorporate external forces such as government action into demand forecasts. For example, changes in fiscal policy might increase or decrease demand in a certain industry.

C) Study the inputs and outputs of a given industry. Often the output of one industry is the input for another.

---

An analyst could use an estimate of GDP growth as a variable in generating an estimate of revenue growth for an industry, but would not assume that the growth in GDP will automatically equal the sales growth of the industry.

---

土豆妮

Which of the following factors would least likely be considered while an analyst is performing an industry demand and supply analysis?

A) Short-term imbalances between demand and supply.

B) Extent of foreign imports.

C) Availability of property and casualty insurance coverage in the event plant capacity in the industry is affected by natural disasters such as earthquakes and floods.

---

All factors except availability of disaster insurance would be a part of the industry demand and supply analysis.