8. ^W K^ 1Yh/K^
^h Z EM/ ^hK^
ZZ /^
Z Z^
/^dZE ^
K^^ WK^dZ/KZ
D 'E
WKEdK Z Z
WZ/D^E /
WZ/h Z
^hWZ dEdKZ/
/^^hZ ^ ^/s/ E ^
/^hZ /EdZ ,D/^Z/
^hWZ ^ Z
D/E^
sK /EdZWM^/dK
sEdZ1hK^
dZ /^
dZ/ZK
YhhdK ZZ
Yh ZdK
39. $ 50 p R PHOKRU PpWRGR PXLWDV YH]HV FHQWUDGD QD DQiOLVH GDV
IRUPDo}HV KLSRFDPSDLV H QD SURFXUD GH OHV}HV WUDWiYHLV FRPR PDOIRUPDo}HV
WXPRUHV H LQIDUWRV FDXVD PDLV FRPXP QR LGRVR
40. (P QRVVR PHLR SHOD DOWD LQFLGrQFLD GH QHXURFLVWLFHUFRVH D 7 SRGH VHU
PXLWR ~WLO FRPR FRPSOHWR GD 50
'(55$0( 28 $,'(17( 9$68/$5 (1()È/,2
DUDFWHUL]DVH SHOR LQtFLR V~ELWR GRV VLQWRPDV TXDVH VHPSUH GpILFLWV
PRWRUHV VHQVLWLYRV RX DOWHUDo}HV GD FRQVFLrQFLD H GD RULHQWDomR ,QFOXHP R
LQIDUWR R HSLVyGLR LVTXrPLFR WUDQVLWyULR R KHPDWRPD LQWUDSDUHQTXLPDWRVR D
KHPRUUDJLD VXEDUDFQyLGH HVSRQWkQHD H DV WURPERVHV YHQRVDV $OpP GLVWR
RXWUDV GRHQoDV TXH SRGHP VLPXODU XP GHUUDPH FRPR RV WXPRUHV H RV
KHPDWRPDV H[WUDD[LDLV GHYHP VHU H[FOXtGDV SHORV PpWRGRV GH LPDJHP
75$80$
$ LQGLFDomR GH H[DPHV GH LPDJHP GHSHQGH GD FOtQLFD GR SDFLHQWH H GDV
FDUDFWHUtVWLFDV GR WUDXPD 4XDVH VHPSUH D 7 p R PpWRGR LQLFLDO GH DYDOLDomR
TXH SHUPLWH WRPDU D PDLRULD GDV GHFLV}HV SULQFLSDOPHQWH D LQGLFDomR FLU~UJLFD
QRV KHPDWRPDV H[WUDD[LDLV VXEGXUDO H H[WUDGXUDO
41. $/7(5$d®(6 '( 216,Ç1,$
([FOXtGDV DV FDXVDV PHWDEyOLFDV RV H[DPHV GH LPDJHP SRGHP LQGLFDU
FDXVDV FRPR GHUUDPHV WXPRUHV KLGURFHIDOLD HWF $ 50 p R PpWRGR LGHDO PDV
D 7 PRVWUD D PDLRULD GDV GRHQoDV WUDWiYHLV
$/7(5$d®(6 '( 0(0Ï5,$
4XDQGR p SURJUHVVLYD DR ORQJR GH PHVHV D DQRV LQYHVWLJDVH FRPR
GHPrQFLD SURFXUDQGR PXLWR PDLV H[FOXLU FDXVDV WUDWiYHLV WXPRUHV
KHPDWRPDV YDVFXODU
42. TXH VmR UDUDV H QmR GHILQLU R WLSR GH GHPrQFLD
$O]KHLPHU IURQWRWHPSRUDO HWF
43. 4XDQGR LQGLFDGD D LQYHVWLJDomR p IHLWD SRU
50 4XDQGR D DOWHUDomR GH PHPyULD p PDLV DJXGD HOD QmR p XPD GHPrQFLD H
p LQYHVWLJDGD FRPR DOWHUDomR GH FRQVFLrQFLD
44. /(6®(6 '( 1(5926 5$1,$126
$ FOtQLFD GHSHQGH GR QHUYR HQYROYLGR $ PDLV FRPXP p D QHXUDOJLD GR
WULJrPHR 9 QHUYR
45. TXH p LQYHVWLJDGD SRU 50 PDV QD PDLRULD GDV YH]HV QmR
VH DFKD D FDXVD
'LSORSLD WDPEpP p IUHTHQWH ,,, ,9 H 9,
81. DSDUHFHQGR KLSHULQWHQVD HP 7 H 7
6$1*8( R KHPDWRPD SRGH VHU TXDOTXHU VLQDO /HPEUH GH KHPDWRPD
FRP OHV}HV TXH WHQKDP FRPSRQHQWHV PXLWR HVFXURV HP 7 H
EUDQFRV HP 7