Anda di halaman 1dari 10



(&*TXL]_*HHN\0HGLFV

JHHN\PHGLFVFRP

KWWSJHHN\PHGLFVFRPHFJTXL]

(&*TXL]
/HZLV3RWWHU

2QFHRQWKHZDUG\RXOOEHDVNHGWRFRPPHQWRQ(&*VHYHU\GD\WKHUHIRUHLWVUHDOO\LPSRUWDQWWR
XQGHUVWDQGKRZWRUHDGDQ(&*TXLFNO\DQGHIIHFWLYHO\ RWKHUZLVH\RXOOEHVWRRGPDNLQJDZNZDUGIDFHV
ZKLOVWSUHWHQGLQJWREHDQDO\VLQJZKDWDSSHDUVWREHVLPSO\DJURXSRIVTXLJJOHV
6RPDNHVXUHWRFKHFNRXWWKH(&*DUWLFOHVKHUHDQGWKHQWDNHWKH(&*TXL]WRWHVW\RXUNQRZOHGJH

(&*4XL]
&RQJUDWXODWLRQV\RXKDYHFRPSOHWHG(&*4XL]<RXVFRUHGRXWRI<RXUSHUIRUPDQFHKDVEHHQUDWHGDV
1HHGPRUHSUDFWLFH
<RXUDQVZHUVDUHKLJKOLJKWHGEHORZ
4XHVWLRQ
:URQJ
:KDWLVWKHFRPPRQFDXVHRIOHIWD[LVGHYLDWLRQ"
$

/HIWYHQWULFXODUK\SHUWURSK\

5LJKWYHQWULFXODUK\SHUWURSK\

&

$WULDOVHSWDOGHIHFWV

'

'HIHFWVRIWKHFRQGXFWLRQV\VWHP

4XHVWLRQ([SODQDWLRQ
/HIWD[LVGHYLDWLRQLVUDUHO\WKHUHVXOWRIOHIWYHQWULFXODUK\SHUWURSK\DQGPRUHRIWHQGXHWRGHIHFWVLQWKH
FRQGXFWLRQV\VWHPRIWKHKHDUW
4XHVWLRQ
:URQJ
67GHSUHVVLRQFODVVLFDOO\VXJJHVWV
$

+\SHUNDODHPLD

0\RFDUGLDOLVFKDHPLD

&

+\SHUQDWUDHPLD

'

0\RFDUGLDOLQIDUFWLRQ

KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

4XHVWLRQ([SODQDWLRQ
67GHSUHVVLRQLVXVXDOO\VHHQLQP\RFDUGLDOLVFKDHPLDUDWKHUWKDQLQIDUFWLRQ7KHGLIIHUHQFHEHHQWKDW
LVFKDHPLDLQYROYHVRQO\WKHUHGXFWLRQRIEORRG R[\JHQWRWKHKHDUWZKHUHDVLQLQIDUFWLRQDOOEORRGIORZLV
VWRSSHGDQGP\RFDUGLDOFHOOVGLH
4XHVWLRQ
:URQJ
:KDWZRXOGLWVXJJHVWLIOHDG,EHFDPHQHJDWLYHDQGOHDG,,,EHFDPHPRUHSRVLWLYHWKDQOHDG,,"

/HIWD[LVGHYLDWLRQ

5LJKWD[LVGHYLDWLRQ

4XHVWLRQ
:URQJ
7KHDEVHQFHRI3ZDYHVDQGDQLUUHJXODUUK\WKPZRXOGVXJJHVWDGLDJQRVLVRI
$

VWGHJUHHKHDUWEORFN

$WULDOILEULOODWLRQ

&

9HQWULFXODUWDFK\FDUGLD

'

QGGHJUHHKHDUWEORFN

4XHVWLRQ([SODQDWLRQ
,QDWULDOILEULOODWLRQWKHDWULDQRORQJHUFRQGXFWHOHFWULFLW\IURPWKH6$LQDQRUGHUO\IDVKLRQ7KHUHIRUH3ZDYHV
DUHORVWDQGRIWHQVKRZDFKDUDFWHULVWLF
VDZWRRWK
SDWWHUQ$VDUHVXOWRIGLVRUGHUHGDWULDODFWLYLW\RQO\
RFFDVLRQDOZDYHVRIGHSRODULVDWLRQSDVVWKURXJKWRWKH$9QRGHDQGFDXVHYHQWULFXODUDFWLYDWLRQ7KLVFDXVHV
WKHW\SLFDOLUUHJXODUUK\WKP

KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

4XHVWLRQ
:URQJ
,IWKHUHZHUHODUJHVTXDUHVLQDQ55LQWHUYDOZKDWZRXOGWKHKHDUWUDWHEH"
$

ESP

ESP

&

ESP

'

ESP

4XHVWLRQ([SODQDWLRQ
7RFDOFXODWHKHDUWUDWHIURPDQ(&*\RX&RXQWWKHQXPEHURIODUJHVTXDUHVLQDQ55LQWHUYDO'LYLGHE\
WKLVQXPEHU7KHUHIRUH ESP
4XHVWLRQ
:URQJ
:KDWGRHV67HOHYDWLRQVXJJHVW"
$

%XQGOH%UDQFK%ORFN

+HDUWEORFN0RELW]W\SH,,

&

+HDUWPXUPXU

'

0\RFDUGLDOLQIDUFWLRQ

4XHVWLRQ
:URQJ
:KDWLVRIWHQWKHHDUOLHVW(&*FKDQJHVHHQGXULQJP\RFDUGLDOLQIDUFWLRQ"
$

67HOHYDWLRQ

67GHSUHVVLRQ

&

7DOO3ZDYHV

'

7DOOSHDNHG7ZDYHV

4XHVWLRQ([SODQDWLRQ
7DOOSHDNHG7ZDYHVFDQVXJJHVWDQXPEHURIDEQRUPDOLWLHV,IVHHQLQDOOOHDGVWKHQWKH\XVXDOO\VXJJHVWWKH
LQGLYLGXDOKDVK\SHUNDODHPLD+RZHYHULIWDOO7ZDYHVDUHVHHQLQDSDUWLFXODUJURXSRIOHDGVLWVXJJHVWVHDUO\
0,7KHWDOO7ZDYHVDUHGXHWRSRWDVVLXPOHDNLQJWKURXJKWKHGDPDJHGPHPEUDQHRYHUWKHLQIDUFWHGDUHD
KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

4XHVWLRQ
:URQJ
,IWKHGXUDWLRQRIWKH35LQWHUYDOEHFRPHVSURJUHVVLYHO\SURORQJHGZLWKDORQJVLGHUHJXODUGURSSLQJRI
456FRPSOH[HVZKDWGRHVWKLVVXJJHVW"
$

6HFRQGGHJUHH0RELW]7\SH+HDUW%ORFN

+\SHUNDODHPLD

&

6HFRQGGHJUHH0RELW]7\SH+HDUW%ORFN

'

)LUVWGHJUHH+HDUW%ORFN

4XHVWLRQ([SODQDWLRQ
6HFRQGGHJUHH0RELW]7\SH+HDUW%ORFNLVDGLVHDVHRIWKH$9QRGH,WLVVHHQDVSURJUHVVLYHSURORQJDWLRQ
RIWKH35LQWHUYDODQGWKHQUHJXODUO\GURSSHG456FRPSOH[HV
4XHVWLRQ
:URQJ
,IDSDWLHQWKDGDQDEQRUPDOO\VKRUW35LQWHUYDOZKDWZRXOGEHDOLNHO\FDXVH"
$

:ROI3DUNLQVRQ:KLWH6\QGURPH

5LJKWEXQGOHEUDQFKEORFN

&

/HIWEXQGOHEUDQFKEORFN

'

$9QRGDOILEURVLV

4XHVWLRQ([SODQDWLRQ
$VKRUW35LQWHUYDOLQGLFDWHVDEQRUPDOO\VKRUWFRQGXFWLRQWLPHEHWZHHQWKHDWULDDQGYHQWULFOHV7KLVLVFDXVHG
E\WKHSUHVHQFHRIDQDFFHVVRU\SDWKZD\EHWZHHQWKHDWULDDQGYHQWULFOHV:ROISDUNLQVRQZKLWHV\QGURPHLV
DQH[DPSOHRIWKLVNLQGRIGLVRUGHU,Q:3:WKHDQDFFHVVRU\SDWKZD\NQRZQDVWKHEXQGOHRINHQWLV
SUHVHQW0RVWLQGLYLGXDOVDUHDV\PSWRPDWLFKRZHYHUWKHUHLVDULVNRIVXGGHQGHDWK
4XHVWLRQ
:URQJ
:KDWLVDFRPPRQFDXVHRIULJKWD[LVGHYLDWLRQ"
$

9HQWULFXODUVHSWDOGHIHFW

5LJKWYHQWULFXODUK\SHUWURSK\

&

/HIWYHQWULFXODUK\SHUWURSK\

KWWSJHHN\PHGLFVFRPHFJTXL]





'

(&*TXL]_*HHN\0HGLFV

$WULDOVHSWDOGHIHFW

4XHVWLRQ([SODQDWLRQ
,QULJKWYHQWULFXODUK\SHUWURSK\WKHLQFUHDVHGPXVFOHPDVVRIWKHULJKWYHQWULFOHFDXVHVLQFUHDVHGVLJQDORQWKH
(&*$VDUHVXOWWKHD[LVRIWKHKHDUWLVVKLIWHGWRWKHULJKWZLWKOHDG,,,EHFRPLQJPRUHSRVLWLYHDQGOHDG, ,,
EHFRPLQJOHVVSRVLWLYH
4XHVWLRQ
:URQJ
:KDWYLHZRIWKHKHDUWGROHDGV9 9UHSUHVHQW"
$

$QWHULRU

6HSWDO

&

/DWHUDO

'

,QIHULRU

4XHVWLRQ
:URQJ
:KDWYLHZRIWKHKHDUWGROHDGV,,,,,D9)UHSUHVHQW"
$

6HSWDO

/DWHUDO

&

,QIHULRU

'

$QWHULRU

4XHVWLRQ
:URQJ
:KDWLVWKHQRUPDOGXUDWLRQRID456FRPSOH["
$

VHFRQGV VPDOOVTXDUH

VHFRQGV VPDOOVTXDUHV

&

VHFRQGV VPDOOVTXDUHV

'

VHFRQGV VPDOOVTXDUHV

4XHVWLRQ([SODQDWLRQ
KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

,QPRVWKHDOWK\LQGLYLGXDOV\RXZRXOGH[SHFW456FRPSOH[HVWREHDURXQGVHFRQGVRUVOLJKWO\OHVV,ID
456FRPSOH[ODVWVORQJHULWLVGHVFULEHGDVDZLGH456DQGFDQEHDVLJQRILQHIILFLHQWFRQGXFWLRQRIWKH
YHQWULFOHVVXFKDVEXQGOHEUDQFKEORFN
4XHVWLRQ
:URQJ
:KDWYLHZRIWKHKHDUWGROHDGV,D9/99UHSUHVHQW"
$

,QIHULRU

$QWHULRU

&

/DWHUDO

'

6HSWDO

4XHVWLRQ
:URQJ
:KLFKDUWHU\LVPRVWOLNHO\WREHDIIHFWHGLI67HOHYDWLRQLQVHHQLQOHDGV9 9"
$

5LJKWFRURQDU\DUWHU\

/HIWFLUFXPIOH[FRURQDU\DUWHU\

&

/HIWDQWHULRUGHVFHQGLQJFRURQDU\DUWHU\

'

$OORIWKHDERYH

4XHVWLRQ([SODQDWLRQ
/HDGV9 9YLHZWKHKHDUWDQWHULRUO\7KHUHIRUH67HOHYDWLRQLQWKHVHOHDGVVXJJHVWVDQDQWHULRULQIDUFW7KH
DQWHULRUSRUWLRQRIWKHKHDUWLVVXSSOLHGPDLQO\E\WKHOHIWDQWHULRUGHVFHQGLQJDUWHU\WKHUHIRUHWKLVLVPRVWOLNHO\
WRKDYHEHHQDIIHFWHG
4XHVWLRQ
:URQJ
:KDWLVWKHGXUDWLRQRIDQRUPDO35LQWHUYDO"
$

VHFRQGV VPDOOVTXDUHV

VHFRQGV VPDOOVTXDUHV

&

VHFRQGV VPDOOVTXDUHV

'

VHFRQGV VPDOOVTXDUHV

KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

4XHVWLRQ([SODQDWLRQ
QQRUPDOLQGLYLGXDOVWKH35LQWHUYDOLVEHWZHHQVHFRQGV$35LQWHUYDOORQJHUWKDQWKLVFDQVXJJHVWWKH
SUHVHQFHRIKHDUWEORFNDQGDVKRUW35LQWHUYDOFDQVXJJHVWDQDFFHVVRU\SDWKZD\EHWZHHQWKHDWULD
YHQWULFOHVHJ:3:V\QGURPH
4XHVWLRQ
:URQJ
,IDUK\WKPLVGHVFULEHGDVVLQXVZKDWGRHVWKLVLQGLFDWH"
$

$3ZDYHSUHFHGHVHDFK456FRPSOH[

3ZDYHVDUHSUHVHQW

&

$456FRPSOH[SUHFHGHVHDFK7ZDYH

'

456FRPSOH[HVDUHSUHVHQW

4XHVWLRQ([SODQDWLRQ
,IDUK\WKPLVGHVFULEHGDVVLQXVLWLQGLFDWHVWKDWD3ZDYHSUHFHGHVHDFK456FRPSOH[+RZHYHUDUK\WKP
FDQVWLOOEHLUUHJXODUHYHQLILW
VVLQXV
4XHVWLRQ
:URQJ
,I67HOHYDWLRQZDVVHHQLQOHDGV,,,,, D9)ZKDWZRXOGLWVXJJHVW"
$

$QLQIHULRUP\RFDUGLDOLQIDUFWLRQ

$QDQWHULRUP\RFDUGLDOLQIDUFWLRQ

&

$VHSWDOP\RFDUGLDOLQIDUFWLRQ

'

$SRVWHULRUP\RFDUGLDOLQIDUFWLRQ

4XHVWLRQ([SODQDWLRQ
/HDGV,,,,, D9)DOOORRNDWWKHKHDUWLQWKHLQIHULRUSODQH7KHUHIRUH67HOHYDWLRQLQRQO\WKHVHOHDGVVXJJHVWV
WKDWWKHLQIHULRUSRUWLRQRIWKHKHDUWKDVKDGDQLQIDUFWLRQ
4XHVWLRQ
:URQJ
:KDWZRXOGLWVXJJHVWLIOHDG,EHFDPHPRUHSRVLWLYHWKDQOHDG,,DQGOHDG,,,EHFDPHQHJDWLYH"

KWWSJHHN\PHGLFVFRPHFJTXL]





5LJKWD[LVGHYLDWLRQ

/HIWD[LVGHYLDWLRQ

(&*TXL]_*HHN\0HGLFV

4XHVWLRQ
:URQJ
:KDWYLHZRIWKHKHDUWGROHDGV9 9UHSUHVHQW"
$

,QIHULRU

6HSWDO

&

$QWHULRU

'

/DWHUDO

<RXKDYHFRPSOHWHGTXHVWLRQV
<RXUVFRUHLV
<RXKDYHFRPSOHWHG
TXHVWLRQV
KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

TXHVWLRQ
<RXUVFRUHLV
&RUUHFW
:URQJ
3DUWLDO&UHGLW
<RXKDYHQRWILQLVKHG\RXUTXL],I\RXOHDYHWKLVSDJH\RXUSURJUHVVZLOOEHORVW
&RUUHFW$QVZHU
<RX6HOHFWHG
1RW$WWHPSWHG
)LQDO6FRUHRQ4XL]
$WWHPSWHG4XHVWLRQV&RUUHFW
$WWHPSWHG4XHVWLRQV:URQJ
4XHVWLRQV1RW$WWHPSWHG
7RWDO4XHVWLRQVRQ4XL]
4XHVWLRQ'HWDLOV
5HVXOWV
'DWH
6FRUH
+LQW
7LPHDOORZHG
PLQXWHV
VHFRQGV
7LPHXVHG
$QVZHU&KRLFH V 6HOHFWHG
4XHVWLRQ7H[W
$OOGRQH
1HHGPRUHSUDFWLFH
.HHSWU\LQJ
1RWEDG
*RRGZRUN
3HUIHFW

5HFRPPHQGHGUHDGLQJ
:HWKLQN7KH(&*PDGHHDV\WKHGLWLRQLV$:(620(DQGDQH[FHOOHQWZD\WRHQKDQFH\RXU
OHDUQLQJRI(&*V&OLFNWKHLPDJHWREHWDNHQWR$PD]RQWRSXUFKDVH

6HHODUJHULPDJH

7KH(&*0DGH(DV\WKHGLWLRQ
KWWSJHHN\PHGLFVFRPHFJTXL]





(&*TXL]_*HHN\0HGLFV

&RPPHQWV
$GLWLRQDOLPDJHV

3ULFH
%X\1RZ

KWWSJHHN\PHGLFVFRPHFJTXL]



Anda mungkin juga menyukai