耗费

Based on the theory of agency, the theory of property rights and the theory of the ownership structure of the firm, Michael C. Jensen developed a hypothesis of free cash flow. He points out "Conflicts of interest between shareholders and managers over payout policies are especially severe when the organization generates substantial free cash flow. The problem is how to motivate managers to disgorge the cash rather than investing it at below the cost of capital or wasting it on organization inefficiencies."

在借鉴资本结构论、公司控制权市场论、契约论等研究成果的基础上，詹森提出了自由现金流量理论，该理论主要讨论了股东与管理者之间存在的代理成本问题，认为股东应该"促使管理者吐出这些现金，而不是将剩余现金以低于资本成本的收益率进行投资，或者在低效率的组织中耗费"。

But pleasure brings pain and then there is a struggle to avoid the pain, and that again is a dissipation of energy.

但是快乐带来痛苦，然后就有逃避痛苦的挣扎，那又是一种能量的耗费。

However, the distiller's yeast consumed a mass of grains. With the development of population and society, this industry endangered the increasing food supplies to some extent.

但是由于酿酒及其造酒曲耗费大量的粮食，随着人口与社会的发展，对日益增长的民食形成一定的威胁，政府不得不出台一些制度对市场加以规范和约束。

Traditional integer division algorithm used many subtraction to achieve the operation,the process by spending a lot of clock pulse,but also the results of the operation did not deal with the last one bit.

摘 要：传统整数除法算法采用多次相减的方法来实现运算，相减的过程耗费了大量时钟脉冲，而且对运算结果的最后一位没有进行处理。

It drains our energy to resist what we don't want to confront emotionally.

抗拒我们本来就不想去抗拒的东西是很耗费精力的。

Outgunned at every turn by the Greek archaeologists power ful lobby, engineers have to en dure long and costly construc tion delays as academics hold up works for months to con duct extensive excavations every time the giant drills hit on a presumed ancient object.

当巨大的钻孔机每次碰上可能的古物时，学者们就会连续几个月进行大规模的挖掘。这时，地铁建造工程师们被希腊考古学家强有力的游说击败，不得不忍受漫长而耗费巨大的工程延期。

That will eat up a lot of time.

那会耗费很多时间。

The process of copy-editing is the second main task of the editorial staff and the one that takes the most time.

编辑过程是编辑人员的第二项主要任务，也是耗费时间最多的任务。

Effluence and affluence have a way of going together.

耗费和富裕往往是联系在一起的。

The Standard on depreciation (SSAP 12) states that 'depreciation is a measure of the wearing out, consumption or other reduction in the useful economic life of a fixed asset whether arising from use, effluxion of time or obsolescence through technological or market changes.

折旧标准(SSAP 12)定义为："折旧是衡量出于经济目的而使用的固定资产，在其使用年限里的耗费，损耗或其他的贬值，尽管因技术和市场变化，可能重新利用，淘汰或废弃。"

In the United States, chronic alcoholism and hepatitis C are the most common ones.

在美国，慢性酒精中毒，肝炎是最常见的。

If you have any questions, you can contact me anytime.

如果有任何问题，你可以随时联系我。