叙述市盈率乘数法的基本思路。
参考答案：市盈率乘数法的思路是将上市公司的股票年收益和被评估企业的利润作为可比指标，在此基础上评估企业价值的方法。其基本思路是：首先，从证券市场上搜寻与被评估企业相似的可比企业，按企业不同的收益口径，如息前净现金流、净利润等，计算出与之相应的市盈率。其次，确定被评估企业不同口径的收益额。再次，以可比企业相应口径的市盈率乘以被评估企业相应口径的收益额，初步评定被评估企业的价值。最后，对于按不同口径市盈率计算的企业价值分别给出权重，加权平均计算企业价值。
Passage Four
| Social change is more likely to occur in societies where there is a mixture of different kinds of people than in societies where people are similar in many ways. The simple reason for this is that there are more different ways of looking at things present in the first kind of society. There are more ideas, more disagreements in interest, and more groups and organizations with different beliefs. In addition, there is usually a greater worldly interest and greater tolerance in mixed societies. All these factors tend to promote social change by opening more as of life to decision. In a society where people are quite similar in many ways, there are fewer occasions for people to see the need or the opportunity for change because everything seems to be the same. And although conditions may not be satisfactory, they are at least customary and undisputed. Within a society, social change is also likely to occur more frequently and more readily in the material aspects of the culture than in the non-material, for example, in technology rather than in values; in what has been learned later in life rather than what was learned early; in the less basic and less emotional aspects of society than in their opposite; in the simple elements rather than in the complex ones; in form rather than in substance; and in elements that are acceptable to the culture rather than in strange elements. Furthermore, social change is easier if it is gradual. For example, it comes more readily in human relations on a continuous scale rather than one with violent changes. This is one reason why change has not come more quickly to Black Americans as compared to other American minorities, because of the sharp difference in appearance between them and their white counterparts. |
The expression "greater tolerance" ( Para. 1 ) refers to "______".
A．more respect for different beliefs and behaviors
B．quicker adaptation to changing circumstances
C．greater willingness to accept social change
D．greater readiness to agree to different opinions and idea