Random walk assumption implies that $q,?$

A$.$ The recent increase in value will lead to another increase

B$.$ The recent decrease in value will lead to another decrease

C$.$ The long$-$term trend is not likely to be sustained in the future

D$.$ The prior year's value is a good starting point to forecast the future value

Highly competitive pressures are more likely to $$

A$.$ Create a stable NOPAT margin

B$.$ Create a steady increase in the NOPAT margin

C$.$ Create a steady decile in the NOPAT margin

D$.$ None of the above is correct

Sales growth rates tend to be "Mean Reverting", this mean $$

A$.$ Low growth sales rates are likely to continue over the coming years

B$.$ High growth sales rates are likely to continue over the coming years

C$.$ Recent extreme sales growth tends to continue into the next long$-$term horizen

D$.$ Sales growth rates, whether above or below average, tend to return over time to normal level

Considering a range of scenarios when predicting the company's future prospects, refers to $$

A$.$ The strategy analysis

B$.$ The accounting analysis

C$.$ The sensitivity analysis

D$.$ The financial ratio analysis

The finance theory states that the value of any financial asset is $$

A$.$ Its book values

B$.$ The sum of all future earnings

C$.$ The sum of all cash payoffs that its holders receive

D$.$ The present value of the cash payoffs that its holders receive