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NEW QUESTION: 1
Rogcrt Markets is the nation's third largest retail grocery chain, and usually has the largest or second largest market share in every city in which it competes. In its most successful large cities, Rogert has as much as a 25% market share, although its share is sometimes greater in small cities. Rogert is known for its excellent customer service and has a wide variety of grocery selections in almost every part of its stores. Its profit margins on sales are slightly above industry averages, and its return on assets and return on equity are above average.
Rogert has an equity beta of 0.78 and a debt-to-capital ratio of approximately 50%. Recent economic difficulties, including higher commodity prices and higher unemployment, resulted in lower profit margins for Rogert. Still, Rogert's decline in profit margin was less than for its competitors. Rogert did not experience substantial losses of sales from customers switching to lower-priced competitors as its market share remained substantially constant.
Zephine Markets is one of Rogert's smaller competitors. Zephine operates in roughly 15% of the same cities as Roger. Zephine is publicly traded, and one of the members of Rogert's board of directors has asked the staff to evaluate an acquisition of Zephine. The staff believes that Zephine is slightly underpriced and that it could be acquired for a 20% premium over its current price. In recommending against the acquisition, staff member Pierre Chiraq says:
"I agree that eliminating Zephine as a rival would probably enhance our profit margins. However, I am skeptical about this acquisition. First, because our market share is almost never dominant, much of the benefit of eliminating a smaller rival will be shared by our other rivals. They will free-ride on our investment.
Second, if our profit margins do increase, wc will eventually attract new rivals into our markets. And finally, our cost of capital should increase substantially because the firm will be diversifying horizontally instead of vertically, increasing the firm's risk." Over the last several years, grocery industry growth has tended to follow the general economy. The competitors in the industry, like Rogert, compete for market share in a stable industry. The industry's cyclical behavior has shown stable performance in both the ups and downs of the business cycle.
In assessing Rogert's competitive position, Chiraq makes comments about the threat of new entrants:
"My concern about new entrants into our business is low for several reasons. Economies of scale are achievable at a low size of operations relative to that of our firm. Our brand identity is high in the markets in which we compete. And, finally, access to distribution channels is difficult to achieve in the grocery business. While there are many competitive forces that concern mc, new entrants is low on my list." Finally, the staff discusses industry changes that might have a negative effect on Rogert's industry position. Three phenomena are mentioned that could have such an effect. They are:
1. Industry growth rates are low and declining;
2. Several suppliers are sponsoring national television advertisements for their products;
3. The government has approved a new method of extending the shelf life of fruits and vegetables.
Chiraq's concerns about new entrants into Rogert's business is least likely correct regarding:
A. economies of scale.
B. access to distribution channels.
C. brand identity.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Chiraq is incorrect about economies of scale. The fact that economics of scale are available for firms much smaller than Rogert would make it easier for new entrants to enter the business. (Study Session 11, LOS
37-b)

NEW QUESTION: 2
KV1という名前のAzureキーボールトがあります。
AzureStorageに格納されているBLOBにデジタル署名するプロセスを実装する必要があります。ブロブに署名するためにKV1で何が必要ですか？
A. 秘密
B. 証明書
C. キー
Answer: A
Explanation:
Use an Azure key vault secret to key of your blob storage account container.
Reference:
https://docs.microsoft.com/en-us/azure/key-vault/general/integrate-databricks-blob-storage

NEW QUESTION: 3

A. Option D
B. Option C
C. Option A
D. Option B
Answer: C

NEW QUESTION: 4
外部サービスプロバイダーが組織のセキュリティポリシーに準拠していることを確認する最善の方法は、次のとおりです。
A. プロバイダーがすべてのポリシーを読んだことを示す書面で確認を受け取ります。
B. サービスプロバイダーの定期的なレビューを実行します。
C. セキュリティポリシーにサービスプロバイダーを明示的に含めます。
D. サービスレベル契約のポリシーへの相互参照
Answer: B
Explanation:
説明
定期的なレビューは、外部サービスプロバイダーからコンプライアンスを取得する最も効果的な方法です。
ポリシーおよびサービスレベル契約の参照、および書面による確認の要求は、非準拠の検出をトリガーしないため、それほど効果的ではありません。