Cenwer

You create shareholder wealth when your returns exceed the cost ef capizal.

Shureholder weath it dependent upon long$-4$ern US gowernmert Ereasury noter.

Insures that senior management will make the most judicious use of avalubin resources

Question $30$

$0\mathrm{.}5$ pt

Shareholder Value Analyis is a technique for analyzing the froncial consequences of strategies. Which of the following if NOT a legitimate criticism of SVA?

Numbers are easily manipulated.

Operating managers often leel victimined by the complexities of SVA.

Exersive number crunching suppresses stratepic thinking.