Mng Investitiilor Feaa

The given answer "Bc/I" is the correct explanation for determining the rate of return on investments. "Bc" represents the benefits or cash flows generated by the investment, while "I" represents the initial investment or cost of the investment. The ratio of benefits to the initial investment gives the rate of return, indicating how profitable the investment is.

The correct answer is "cresterea capacitatii de autofinantare pe termen lung" and "diminuarea capacitatii de autofinantare pe termen scurt". This means that a high dividend distribution policy has the effect of increasing long-term self-financing capacity and decreasing short-term self-financing capacity. This suggests that when a company distributes a high amount of dividends, it may have less funds available for immediate use, but it can potentially enhance its ability to finance future projects and investments.

The correct answer is ">500.000" because the question asks for the present value of the benefit in year 3 of operation. To calculate the present value, we need to discount the future cash flows using the discount rate (i=0.2). Since the cash flows are positive (500.000 lei), the present value will be greater than the future cash flow. Therefore, the correct answer is ">500.000".

Consolidarea datoriei are ca efect creșterea capitalului propriu. Prin consolidarea datoriei, o companie poate obține fonduri suplimentare pentru a-și acoperi datoriile existente sau pentru a finanța noi investiții. Aceasta se poate realiza prin refinanțarea datoriilor existente sau prin emiterea de obligațiuni sau acțiuni. Prin obținerea de fonduri suplimentare, capitalul propriu al companiei crește, ceea ce poate contribui la îmbunătățirea stabilității financiare a acesteia.

The correct answer is "costul specific de remunerare a capitalului propriu". This means that the dividend rate represents the specific cost of remunerating equity capital. This implies that when a company pays dividends to its shareholders, it is essentially compensating them for their investment in the company's equity. The dividend rate reflects the return that shareholders expect to receive on their investment in the form of dividends.

The correct answer is "modalitate de fin a investitiilor". This means that "credit" is a way to finance investments. It refers to borrowing money from a financial institution or lender to fund investment projects or initiatives. By using credit, individuals or businesses can access the necessary funds to purchase assets, expand operations, or undertake other investment activities.

The correct answer is "proportia partii de piata acoperita de produseke firmei" which translates to "the proportion of the market share covered by the company's products." This answer suggests that sectorial risk can be characterized by the extent to which a company's products cover a portion of the market share. This means that if a company has a higher market share, it may be less susceptible to sectorial risk compared to companies with a smaller market share.

The correct answer suggests that the update was made in relation to the future occurrence of nominal values. This means that the update was made in anticipation of future nominal values and not based on past or present values.

In this case, the correct value is for the future.

The positive effect of leverage occurs when the rate of return on equity capital is higher than the interest rate. This means that the company is generating a higher return on its own capital than the cost of borrowing. In other words, the company is able to use borrowed funds to generate profits that are higher than the cost of borrowing, resulting in a positive effect on leverage.

The analysis of a benefit of 100 million lei achievable in the 5th year of the decision-making moment is done by using the concept of "fact de scont" or discount factor. This concept takes into account the time value of money and adjusts the future value of the benefit to its present value. By discounting the future cash flows, the analysis ensures that the value of the benefit is accurately assessed in today's terms, considering the potential risks and uncertainties associated with the investment.

The correct answer is "f scont". In investment analysis, the cash flows and benefits of an investment are often adjusted for the time value of money through discounting. Discounting involves calculating the present value of future cash flows by applying a discount rate. This is done to account for the fact that money received in the future is worth less than money received in the present due to factors such as inflation and opportunity cost. Therefore, the correct answer suggests that the cash flows and benefits of the investment will be adjusted using discounting.

The given answer, "termen actualizat de recuperare

The correct answer is "actualizarea fluxurilor viitoare de lichiditati" which translates to "updating future cash flows". The factorul de scont, or discount factor, is used to adjust the value of future cash flows to their present value. By discounting the future cash flows, an organization can determine the current value of these cash flows and make informed decisions regarding investments, budgeting, and financial planning. Therefore, the correct answer aligns with the purpose and function of the discount factor.

In the evaluation of investment results, the "beneficiul de exploatare" refers to the operating profit or income generated from the investment. It represents the difference between the revenue generated from the sale of products or services and the operating expenses incurred in the production process. Therefore, it is a component of the "cheltuielilor de exploatare" which refers to the operating expenses.

In the diagnostic analysis, the potential of the human resources is expressed through the structure of the personnel, the qualification of the personnel, and the degree of motivation. These factors determine the capabilities and skills of the employees, their level of expertise, and their level of engagement and enthusiasm towards their work. By assessing and understanding these aspects, organizations can identify the strengths and weaknesses of their workforce, and take appropriate measures to enhance productivity and performance.

The correct answer is "la sf anilor, in metodologia europeana, la mij anilor, in metodologia nord-americana." This means that the recommended location for values is at the end of the year in European methodology and in the middle of the year in North American methodology.

The correct answer is "modificarea in timp a preturilor si a inflatiei" (changing prices and inflation over time). The availability of resources necessitates updating investment values because the prices of resources and the level of inflation can fluctuate over time. These changes in prices and inflation can impact the overall value of investments and therefore need to be taken into account when making investment decisions.

The given question is asking about the possible sources a company can use for its own capital regeneration. The correct answer states that the company can only use self-financing as a source for capital regeneration. This means that the company can only rely on its own funds and profits to regenerate its capital, rather than seeking external sources such as loans or investments.

The given question is asking for the total present value of the investment for putting it into operation. The information provided states that the initial investment (I) is 700,000 lei and the duration (d) is 2 years. It also mentions that a gross revenue of 500,000 lei will be obtained over a period of 10 years, and the capital cost (costul cap) is 0.20.

To calculate the total present value of the investment, we need to discount the future cash flows to their present value using a discount rate. However, the discount rate is not provided in the question, so we cannot calculate the exact value.

Therefore, the answer ">700mii lei" suggests that the total present value of the investment is expected to be more than 700,000 lei.

The correct answer is "sursa de investitii" which translates to "source of investment" in English. This means that the growth of capital is considered as a source of investment. It implies that when capital increases, it provides the means to make investments and fund various projects or ventures.

The correct answer is "reducerea ratei indatorarii". Financing investments through increasing capital has the advantage of reducing the debt ratio. This means that the company relies less on borrowed funds and has a lower level of debt compared to its equity. This can improve the financial stability of the company and reduce the risk of defaulting on debt payments. Additionally, a lower debt ratio may also lead to lower interest expenses and improve the company's profitability.

The correct answer is "fac de scont" because when updating a benefit of 100 million lei that will be realized in the fifth year of operation, the appropriate method to use is the discount factor. This method takes into account the time value of money and adjusts the value of the benefit based on the interest rate or discount rate. By using the discount factor, the future value of the benefit can be calculated and adjusted to its present value at the time of the decision.

The correct answer is "crit este direct legat de originile riscului." This means that the sensitivity to risk of a criterion is higher when it is directly linked to the origins of the risk. In other words, when a criterion is closely connected to the underlying causes or sources of the risk, it becomes more sensitive in evaluating and assessing the potential risks involved.

The correct answer is RIR>c because VAN>0 means that the net present value is greater than zero, indicating that the project is profitable. Similarly, RIR>c implies that the internal rate of return is greater than the cost of capital, indicating that the project is also profitable. Therefore, both statements convey the same meaning that the project is financially viable.

The given statement implies that the sum of 100 million lei will be increased through updates over a period of 5 years at a cost of capital of 0.1. This suggests that the final amount will be greater than 100 million lei, as it will be increased by the cost of capital over time.

When the cost of capital is positive, it means that the company has to pay a certain amount to finance its projects or investments. This cost is deducted from the future cash flows generated by these investments when they are discounted to the present value. Therefore, if the cost of capital is positive, the future cash flows will be decreased or diminished when they are discounted.

The correct answer is "niv retabilitatii resurselor ocupate" (level of return on occupied resources). This answer suggests that the conditions of production require updating investment values based on the level of return on the resources being utilized. This means that the profitability or return on investment of the resources being used must be considered in order to determine the updated investment values.

The correct answer is "evaluarea cemerciala autofinantarii anuale" which translates to "the commercial evaluation of annual self-financing". This suggests that the ratio between total sales and total expenses for a one-year period is used to assess the level of self-financing from a commercial perspective. It implies that this evaluation helps determine the extent to which a company can finance its operations through its own resources.

When the cost of capital has a positive value, the present value of future cash flows will be increased. This means that the discounted value of the cash flows will be higher, resulting in an increase in their value. Therefore, the correct answer is "majorate."

The correct answer is "imprumutul, cresterea capitalului". This is because obtaining funds through borrowing (imprumutul) and increasing capital (cresterea capitalului) are both considered attractive sources for making investments. These methods provide additional financial resources that can be used for investment purposes, allowing businesses or individuals to expand their operations, acquire assets, or pursue new opportunities.

The correct answer is "rata dobanzii" because the cost of debt financing is determined by the interest rate. When a company borrows money, they are required to pay interest on the borrowed amount, and this interest rate represents the cost of the debt. The higher the interest rate, the higher the cost of borrowing for the company. Therefore, the interest rate is directly related to the cost of debt financing.

The given answer lists a series of steps or actions that are typically involved in a process or procedure. These steps are: decizia (decision), inceperea exercitiului (beginning of exercise), punerea in functiune (putting into operation), and scoaterea din functiune (taking out of operation). This suggests that these actions are performed sequentially, with the decision being made first, followed by the beginning of the exercise, putting it into operation, and finally, taking it out of operation.

The given statement suggests that acquiring the assets of a company in the form of its shares is a direct investment, as it involves directly investing in the company. It is also considered a financial investment, as it involves the purchase of financial assets (shares). Additionally, it is described as having a variable income, indicating that the return on investment can vary depending on the performance of the company.

The given answer states that the fact de scont (discount factor) is always subunitary, meaning it is always less than 1. This implies that the value of a future payment is always lower than its present value. On the other hand, the fact de capitalizare (capitalization factor) is stated to be supraunitary, meaning it is always greater than 1. This suggests that the value of an investment or a future payment grows over time.

If the positive difference between the rate of return and the interest rate is large, increasing the debt ratio will increase the leverage effect. This means that the company can generate higher returns on its investments compared to the cost of borrowing. As a result, the company's profitability and financial performance will be positively impacted.

When the rate of dividends is high and the interest rate on loans is high, the average cost of capital is higher. This is because a high rate of dividends means that the company needs to allocate more funds towards paying dividends to shareholders, reducing the available funds for investment. Additionally, a high interest rate on loans increases the cost of borrowing money, making it more expensive for the company to finance its operations and investments. As a result, the overall cost of capital increases.

The correct answer is "inv financiare, inv externe". This means that fixed income investments are considered as financial investments and external investments. Fixed income investments are financial investments because they involve the purchase of financial assets such as bonds, certificates of deposit, or treasury bills that provide a fixed rate of return. These investments are also considered as external investments because they involve investing in assets or securities that are issued by entities outside of one's own country.

The correct answer is factorul de compunere. This is because the given statement mentions the summation of the values of the capitalization factor over a period of "p" years, which results in the factorul de compunere.

When the level of operating expenses decreases, RIR (Return on Investment Ratio) is negatively influenced by risk. This means that if the expenses associated with the operation of a business decrease, it can indicate potential risks such as decreased revenue or efficiency. This can result in a lower return on investment, as the business may not be generating enough profit to cover its expenses or meet its financial goals.

The correct answer is 0.1275,12.75%. The effect of leverage can be calculated using the formula: Effect of Leverage = (Return on Investment - Cost of Debt) / (Return on Investment - (Cost of Debt x (1 - Tax Rate))). In this case, the return on investment is 32.5% and the cost of debt is 10%. Assuming a tax rate of 0%, the calculation would be: (0.325 - 0.1) / (0.325 - (0.1 x (1 - 0))) = 0.225 / 0.225 = 1. Therefore, the effect of leverage is 1, which translates to 100%. However, since the answer choices do not include 100%, the closest option is 0.1275, which can also be expressed as 12.75%.

The given expression {(1+i)exp(t)-1]/[i(1+i)exp(t)] represents the form of the discount factor. The discount factor is used to calculate the present value of future cash flows by discounting them back to their present value. The expression in the given answer represents the calculation of the discount factor, which is the ratio of the present value of a future cash flow to its future value. Therefore, the correct answer is "forma factorului de actualizare" (the form of the discount factor).

The mobilization of reserves refers to the process of utilizing the accumulated reserves of a company. One of the advantages of mobilizing reserves is the ability to modify the capital structure. This means that by utilizing reserves, a company can change the composition of its capital, such as increasing the proportion of equity or debt in its capital structure. This can have various implications for the financial stability and flexibility of the company. It allows the company to adapt its capital structure to better align with its financial goals and strategies.

Autofinantarea este întotdeauna mai scumpă decât împrumutul ca sursă de finanțare. Aceasta se datorează faptului că autofinantarea implică utilizarea resurselor proprii ale unei persoane sau ale unei companii pentru a finanța un proiect sau o investiție, în timp ce împrumutul presupune obținerea de fonduri de la o terță parte, care poate implica costuri suplimentare, cum ar fi dobânzi sau comisioane. Astfel, autofinantarea poate fi mai costisitoare în comparație cu împrumutul, deoarece nu beneficiază de avantajele oferite de o sursă externă de finanțare.

The correct answer is "o componenta a ciclului fin al intreprinderii, un element al structurii pietei de capital." This is because the phrase "ciclu de investitii" translates to "investment cycle" in English, which is a component of the financial cycle of a company. Additionally, it is also an element of the capital market structure, as investments are made and traded within the market.

The correct answer is "generarea distributiilor de probabilitate pt fiecare caracteristica a variantelor". This is because generating probability distributions for each characteristic of the variants is not a phase in the development of a decision tree. The other options, such as identifying project stages, estimating characteristic values, and calculating final results, are all valid steps in the process of developing a decision tree. However, generating probability distributions for each characteristic is not a necessary or typical step in this process.

The correct answer suggests that loans are a cheaper source of investment compared to any other sources. This is because loans have a specific cost that reflects the overall state of the economy and the position and credibility of the borrower. Additionally, loans are accessible even in restrictive and discriminatory conditions.

The given question is in Romanian and it states that the updating cost for the revenue generated by an investment after 3 years of execution is 0.2. The discount rate used as an adjustment for the 3-year interval brings the value level to 57.87. The question asks for the nominal value. Based on the information provided, the correct answer is 100.

The correct answer is "transferul de capital intre investitorul elementar si investitorul direct, colectarea si oferirea de capital". This answer suggests that institutional investors are involved in transferring capital between the primary investor and the direct investor, as well as collecting and providing capital. This implies that institutional investors play a role in facilitating the flow of funds between different parties in the investment process.

When inflation is relatively low and strongly fluctuating within vague approximate limits, it generates a higher risk. This is because the uncertainty and unpredictability of inflation make it difficult for individuals and businesses to plan and make informed decisions. The wide fluctuations in inflation rates can lead to volatility in prices, interest rates, and exchange rates, which can negatively impact economic stability and investment.

The correct answer is "fact de scont". In finance, the present value of future cash flows is estimated using the discount factor. This factor takes into account the time value of money, which means that money received in the future is worth less than the same amount received today. By discounting the future cash flows, the estimated economic value of the revenues generated over a period of ten years can be determined. Therefore, the correct answer is "fact de scont" which refers to the discount factor.

The correct answer is that the rate of remuneration of equity increases with the rate of indebtedness. This means that as the company takes on more debt, the return on equity also increases. This is because debt financing allows the company to leverage its equity and potentially earn higher returns. As the company becomes more leveraged, the risk to equity holders also increases, so they demand a higher return on their investment. Therefore, the rate of remuneration of equity is directly related to the rate of indebtedness.

The correct answer is "intratea potemtialului findului de rulment" which translates to "increase in the potential working capital." This means that the cash contribution has the effect of increasing the potential working capital.

The current depreciation of the value of production equipment is considered an investment in the macroeconomic sense. This means that in the broader context of the economy as a whole, the depreciation of production equipment is seen as a form of investment. It contributes to the overall capital stock and productive capacity of the economy, which can have implications for economic growth and development.

The correct answer suggests that the role of the 1/2D ratio in the RIR estimation model is to highlight the effect of capital investment recovery through annual average depreciation. This means that the ratio helps to demonstrate how the investment is gradually recovered over time through depreciation.

The correct answer is "riscul conjunctural." This is because the variability in the turnover and financial situation of a company is indicative of the conjunctural risk. Conjunctural risk refers to the risks associated with the overall economic conditions and business cycles that can impact a company's performance. The fluctuations in turnover and financial situation can be influenced by factors such as changes in consumer demand, market conditions, and economic trends, which are all elements of conjunctural risk.

The question states that the profit of 100,000,000 will be updated at the third year. The symbol "pt i=0.1" indicates that the profit will be discounted by a factor of 0.1, meaning it will be reduced by 10%. Therefore, the profit at the time of the decision will be less than 100,000,000.

The correct answer includes all the components that are included in the initial capital investment for a project. This includes the value of the constructions made within the investment project, the value of transportation expenses, customs fees, and equipment installation specified in the project, the value of the land acquired for the placement of assets created by the investment project, and the value of site organization activities for the implementation of the project. Additionally, the value of the equipment necessary for the operation of the enterprise after it is put into operation is also included in the initial capital investment.

The correct answer is "rata dobanzii" which translates to "interest rate" in English. This is the cost of borrowing money for investments and is typically expressed as a percentage. The interest rate represents the amount that the investor is obligated to pay for the loan and is a key factor in determining the profitability of an investment.

The feasibility study includes ensuring the availability of production factors, technical aspects, and technology. These elements are crucial in determining the viability and potential success of a project or business venture. The study assesses the feasibility of acquiring the necessary resources and equipment, as well as evaluating the technical requirements and technological advancements needed for the project. Additionally, it considers the general framework of the enterprise and the market conditions for the successful commercialization of products.

Investors tend to prefer investments that are less risky. When the subjective and global assessment of risk is favorable, it means that investors perceive the investment to have lower levels of risk. This perception of lower risk makes the investment more attractive as it offers a higher probability of positive returns and fewer chances of loss. Therefore, investments that are perceived as less risky are more likely to be chosen by investors as they are considered to be more profitable.

The correct answer is "estimarea valorilor sperate ale criteriilor de alegere folosite de metoda arborelui de decizie." This is because Monte Carlo simulation is a method used to estimate the expected values of different criteria used in decision-making. It allows for the calculation of the most likely outcomes and helps in choosing the best course of action based on these estimated values.

The correct answer is "valoarea nominala, termenele de scadenta, niv ratei dobanzii si comisioanelor". This is because the economic value of a loan depends on the nominal value (the amount borrowed), the repayment terms (including the deadlines for repayment), the interest rate, and any additional fees or commissions associated with the loan. All of these factors contribute to the overall value of the loan and its cost to the borrower.

The economic value of a loan with equal annual installments is smaller compared to the value of a loan with equal annuities. This could be due to the fact that with equal annual installments, the borrower pays off a fixed amount each year, which may not account for the interest accrued over time. On the other hand, with equal annuities, the borrower pays a fixed amount that includes both principal and interest, ensuring that the loan is repaid in a more efficient manner. Therefore, the economic value of a loan with equal annuities is higher than that of a loan with equal annual installments.

The elements of "stari posibile, probabilitate si distributie de probabilitate" are sufficient to characterize the risk because they provide information about the possible outcomes, the likelihood of each outcome occurring, and the distribution of probabilities. This information allows for a comprehensive understanding of the potential risks involved and helps in making informed decisions to mitigate or manage those risks. The other elements mentioned, such as "valori maxime, minime si medii," "abaterea standard," and "coeficientul de variatie," may provide additional information about the risk, but they are not necessary to fully characterize it.

The correct answer is "rez mai slabe fata de RIR" which translates to "weaker results compared to RIR". This suggests that the updated recovery term provides outcomes that are not as strong or effective as the RIR (presumably an abbreviation for a specific recovery method or process).

The cost of debt is increased with the debt ratio because there is an increase in the risk of default and the lender is subjected to constraints in this regard. This means that as the debt ratio increases, the likelihood of not being able to repay the debt increases, which increases the risk for the lender. Additionally, the lender may impose certain constraints or conditions on the borrower to mitigate this increased risk. Therefore, both the increase in the risk of default and the constraints imposed on the lender contribute to the increased cost of debt.

The correct answer is "echivalarea in timp a valorilor decalate" which translates to "equating the shifted values over time". This means that updating investment values involves adjusting or equalizing the values of investments that have been shifted or changed over time.

The correct answer is "proportional cu variabilitatea cifrei de afaceri in functie de conjunctura." This means that the conjunctural risk is directly related to the variability of the turnover depending on the economic situation. In other words, the risk increases or decreases based on how much the business turnover fluctuates with changes in the economic climate. This type of risk is not a form of equity risk or risk of disappearance, and it is not determined by liquidity risk.

The correct answer is "niv trezoreriei nete" and "valoarea fondului de rulment". These two factors can be used to assess the risk of insolvency. The net treasury level refers to the amount of cash and liquid assets available to cover short-term liabilities, indicating the company's ability to meet its financial obligations. The value of working capital, on the other hand, represents the excess of current assets over current liabilities, indicating the company's ability to cover its short-term debts. Both of these measures are important indicators of a company's solvency and its ability to pay its debts on time.

Through the leverage effect, the investor will experience an increase in the financial rate of return. Leverage refers to the use of borrowed funds to amplify the potential return on an investment. By using leverage, an investor can increase their exposure to an asset without having to commit a large amount of capital. This can lead to higher returns if the investment performs well. Therefore, the correct answer suggests that the leverage effect will result in an increase in the financial rate of return for the investor.

The correct answer is "fundamentarea studiului de fezabilitate, estimarea punctelor tari si a acelora slabe ale realizabilitatii unui proiect de investitii." This is because the analysis of the diagnosis is used to identify investment ideas, justify the feasibility study, and estimate the strengths and weaknesses of the feasibility of an investment project. It also helps in determining the net present value of an investment project.

When inflation is anticipated with high accuracy at a very high level and over a long future period of time, it generates a higher risk. This is because when inflation is accurately predicted to be high in the future, it can lead to expectations of higher prices and wage demands, which can further fuel inflationary pressures. Additionally, if inflation is anticipated with exactness over a long time period, it can create uncertainty and volatility in the economy, making it difficult for businesses and individuals to plan and make informed decisions.

The correct answer is "limita inferioara a rentabilitatii investitiei pt care bogatia investitorului poate fi sporita, marime medie a diferitor costuri specifice." This answer accurately describes the concept of costul capitalului, which refers to the lower limit of profitability for an investment that can increase the wealth of the investor, as well as the average size of various specific costs.

The correct answer is the sequence of steps necessary for updating investment values. It starts with specifying the level and timing of nominal values, followed by determining the relationship between the investment values. Then, estimating corrections for future values and locating the values within specific periods. After that, fixing the reference point and establishing the adjustment coefficient. Finally, carrying out the actual update and estimating corrections for past values.

The correct answer is "ponderea datoriei in marja bruta de autofinantare" and "niv ratei indatorarii". These criteria are used to estimate the risk of non-repayment. The "ponderea datoriei in marja bruta de autofinantare" refers to the proportion of debt in the gross self-financing margin, which indicates the ability of the company to cover its debt using its own resources. The "niv ratei indatorarii" refers to the level of debt ratio, which measures the proportion of debt in relation to the company's total assets. Both of these criteria help assess the financial health of the company and its ability to repay its debts.

The correct answer is "rata dobanzii medii anuale pt imprumuturile obligatare" which translates to "the average annual interest rate for bond loans." This explanation suggests that the "rata actuariala" refers to the average annual interest rate for bond loans, which is used as a corrective measure in investment valuation techniques. It is also the annual remuneration rate for own and borrowed capital.

The correct answer is "fact de capitalizare." In the given question, it is mentioned that the estimated economic value of gross benefits realized over ten years is being estimated. In this context, the concept of capitalization is used to determine the present value of future benefits by considering the time value of money. Capitalization is the process of converting future benefits into their present value by applying a discount rate. Therefore, the correct answer is "fact de capitalizare."

The potential level of self-financing is influenced by the company's borrowing policy, the level of turnover achieved by the company, the company's depreciation policy, and the company's dividend distribution policy. These factors determine the company's ability to generate internal funds and rely less on external financing sources.

The distribution of probability of investment variable values depends on the estimated probable values and the probabilities associated with each of these values. This means that the likelihood of different investment outcomes and their associated probabilities determine the probability distribution. By estimating the probable values and their corresponding probabilities, one can understand the potential range of investment outcomes and their likelihoods, which is crucial for assessing and managing investment risk. Additionally, the expected return and estimated standard deviation of the variable, as well as the average value of the variable and the time horizon for estimating investment risk, also play a role in determining the probability distribution.

The correct answer is "fact de capitalizare". This answer is chosen because the question mentions estimating the economic value of an investment over a two-year period, and the term "fact de capitalizare" refers to the process of calculating the future value of an investment by compounding the initial investment with interest or returns over time. Therefore, using the "fact de capitalizare" would be the appropriate method for estimating the economic value of the investment in this scenario.

The correct answer is "riscul sectoral, riscul de nesolvabilitate, riscul patrimonial". These risks are forms of the risk of disappearance because they all pose a threat to the continuity and survival of an entity. Riscul sectoral refers to the risk associated with the specific sector or industry in which the entity operates. Riscul de nesolvabilitate refers to the risk of insolvency or the inability to meet financial obligations. Riscul patrimonial refers to the risk of loss or damage to the entity's assets. All of these risks can ultimately lead to the disappearance or closure of the entity.

The correct answer is "niv de trezorerie" which translates to "cash level" in English. The cash level is an important indicator of liquidity risk as it represents the amount of cash and cash equivalents available to a company to meet its short-term obligations. By monitoring the cash level, a company can assess its ability to cover its immediate financial needs and manage any potential liquidity issues.

The correct answer is "analiza intuitiva a pietei, schimbari ale comportamentului clientilor". This is because the question asks for the cause of the risk of evaluation, and both "analiza intuitiva a pietei" (intuitive market analysis) and "schimbari ale comportamentului clientilor" (changes in customer behavior) are factors that can contribute to this risk. Intuitive market analysis involves making decisions based on personal judgment and assumptions rather than concrete data, which can be risky. Additionally, changes in customer behavior can make it difficult to accurately evaluate a market or make predictions about future outcomes.

The correct answer is "capacitatea de adaptare a structurii intreprinderii la proiect" because the risk of evaluation is related to the ability of the company's structure to adapt to the project. This means that the company needs to have the necessary flexibility and resources to adjust its operations and processes according to the requirements of the project. If the company's structure is not adaptable, it may face difficulties in effectively evaluating the project and making informed decisions.

The given expression B[(1+i)exp(10)-1]/[i(1+iexp(14)] represents a calculation or update made in the past, as indicated by the phrase "un mom trecut" which translates to "a past moment" in English. This suggests that the reference point for the update or calculation was a moment in the past.

The correct answer is "criteriu de fundamentare a investitiilor bazat pe folosirea valorilor contabile" which translates to "criterion for investment justification based on the use of accounting values." This means that VAN (Net Present Value) is a method used to evaluate investments by considering the present value of future cash flows and comparing them to the initial investment. It takes into account the accounting values of the investment and helps determine whether it is financially viable.

The commercial diagnosis is useful for the development of promotional services and the development of distribution networks. It helps in analyzing the market and identifying opportunities for growth and improvement in these areas. By conducting a commercial diagnosis, businesses can understand their target audience, assess the effectiveness of their promotional activities, and identify ways to expand their distribution networks to reach more customers.

The correct answer is "riscul patrimonial." Nivelul ratei indatorarii refers to the level of indebtedness and is a measure of the financial risk faced by an individual or organization. Riscul patrimonial, or asset risk, refers to the risk of losing or damaging assets. In this context, the nivelul ratei indatorarii caracterizeaza riscul patrimonial means that the level of indebtedness is an indicator of the risk of losing or damaging assets.

The correct answer is "marimea ratei rentabilitatii asteptate de actionari" which translates to "the size of the expected rate of return by shareholders." This answer suggests that the cost of equity capital is determined by the expected return that shareholders anticipate from their investment. In other words, it is the return on investment that shareholders expect to receive in exchange for providing their capital to the company. This expected rate of return is a crucial factor in determining the cost of equity capital for a company.

The relationship o'(VAN)/E(VAN) is used for selecting acceptable projects. This means that the ratio of the expected net present value (VAN) to the standard deviation of the net present value (E(VAN)) is used as a criterion for selecting projects that are deemed acceptable. This ratio helps in evaluating the risk associated with the projects and selecting those that have a favorable balance between expected returns and risk.

When the values generated by investments are calculated in constant prices, Infloatia corrects the cost of capital. This means that the company adjusts the cost of capital to account for changes in the general price level over time. By using constant prices, Infloatia can accurately measure the real return on investment and make informed decisions about capital allocation. This approach helps to eliminate the effects of inflation and provides a more accurate assessment of the profitability of investments.

The given equation A = (ai - ai no/ n0 + ni) n0/ni is used to determine the price of the right of attribution.

The correct answer includes the analysis of the internal and external market, the economic and social environment, and the perspectives for the evolution of the enterprise. These elements are essential in determining the feasibility and potential success of a project. By analyzing the internal and external market, the project can assess the demand, competition, and potential customers. The economic and social environment analysis helps understand the economic conditions and societal factors that may impact the project. Lastly, evaluating the perspectives for the evolution of the enterprise allows for a long-term assessment of the project's sustainability and growth potential.

The price of the subscription right is influenced by the market value of a share at the time of the issuance, the number of newly issued shares, and the unit price of the newly issued shares. These factors determine the attractiveness and potential profitability of the subscription right for investors. The market value of a share reflects the perceived value and potential future performance of the company, while the number and unit price of newly issued shares affect the supply and demand dynamics of the subscription right. Finally, the company's revenue, as represented by its turnover, provides an indication of its financial health and prospects, which can also impact the price of the subscription right.

The correct answer states that the cost of capital depends on the level of investment sources and their specific remuneration costs, as well as the level of dividends demanded by shareholders and the interest rate on investment credit. This means that the cost of capital is influenced by the proportion of funding sources, the costs associated with each source of investment, the demands of shareholders for dividends, and the interest rate on credit used for investments. All of these factors contribute to determining the overall cost of capital for a company.

The correct answer is that "dreptul de atribuire" refers to the advantage for existing shareholders in purchasing new shares, the privilege for existing shareholders through the free distribution of shares in the mobilization of reserves, and the ratio between the number of shares issued from reserves and the number of existing shares. This means that "dreptul de atribuire" provides benefits and privileges to existing shareholders in relation to the acquisition and distribution of new shares.

The correct answer includes the steps that are necessary for updating investment values. These steps include specifying the level and timing of nominal values, determining the relationship between investment values, estimating adjustments for future values, locating values within periods, establishing a reference point, determining the adjustment coefficient, and actually updating the values.

The correct answer is "obtinerea valorilor corespondente numerelor aleatoare pt fiecare varianta". This step involves obtaining the corresponding values for each random number generated for each scenario. This is an important part of the Monte Carlo simulation as it allows for the calculation of various outcomes and probabilities based on the randomly generated numbers.

The VAN (Value Added Net) level is directly influenced by the estimated cost of capital, the project's duration, the investment value, and the level of cash flow generated by investments. These factors play a crucial role in determining the profitability and financial viability of a project. The estimated cost of capital affects the discount rate used to calculate the present value of future cash flows. The project's duration determines the time period over which cash flows are generated. The investment value represents the initial outlay required for the project. Finally, the level of cash flow generated by investments indicates the project's ability to generate positive cash flows.

The correct answer is "estimarea nivelului riscului specific investitiilor" because Monte-Carlo simulation is a statistical technique that allows for the estimation of the specific risk level of investments. By running multiple simulations with different variables and assumptions, it provides a range of possible outcomes and helps investors understand the potential risks involved in their investment decisions. The other options, such as estimating the expected value or the most possible value of an investment criterion, are not directly related to the specific risk level estimation provided by Monte-Carlo simulation.