公司理财精要第九章题库.doc
《公司理财精要第九章题库.doc》由会员分享,可在线阅读,更多相关《公司理财精要第九章题库.doc(102页珍藏版)》请在三一文库上搜索。
1、Chapter 09 - Making Capital Investment DecisionsChapter 09Making Capital Investment Decisions Multiple Choice Questions1.Any changes to a firms projected future cash flows that are caused by adding a new project are referred to as which one of the following?A.Eroded cash flowsB.Deviated projectionsC
2、.Incremental cash flowsD.Directly impacted flowsE.Assumed flows2.Which one of the following principles refers to the assumption that a project will be evaluated based on its incremental cash flows?A.Forecast assumption principleB.Base assumption principleC.Fallacy principleD.Erosion principleE.Stand
3、-alone principle3.A cost that should be ignored when evaluating a project because that cost has already been incurred and cannot be recouped is referred to as which type of cost?A.FixedB.ForgottenC.VariableD.OpportunityE.Sunk4.Which one of the following terms refers to the best option that was foreg
4、one when a particular investment is selected?A.Side effectB.ErosionC.Sunk costD.Opportunity costE.Marginal cost5.Which one of the following terms is most commonly used to describe the cash flows of a new project that are simply an offset of reduced cash flows for a current project?A.Opportunity cost
5、B.Sunk costC.ErosionD.Replicated flowsE.Pirated flows6.A pro forma financial statement is a financial statement that:A.expresses all values as a percentage of either total assets or total sales.B.compares actual results to the budgeted amounts.C.compares the performance of a firm to its industry.D.p
6、rojects future years operations.E.values all assets based on their current market values.7.The amount by which a firms tax bill is reduced as a result of the depreciation expense is referred to as the depreciation:A.tax shield.B.credit.C.erosion.D.opportunity cost.E.adjustment.8.Which one of the fol
7、lowing refers to a method of increasing the rate at which an asset is depreciated?A.Non-cash expenseB.Straight-line depreciationC.Depreciation tax shieldD.Accelerated cost recovery systemE.Market based depreciation9.Forecasting risk is best defined as:A.reality risk.B.value risk.C.potential risk.D.m
8、anagement risk.E.estimation risk.10.Jamie is analyzing the estimated net present value of a project under various what if scenarios. The type of analysis that Jamie is doing is best described as:A.sensitivity analysis.B.erosion planning.C.scenario analysis.D.benefit planning.E.opportunity evaluation
9、.11.Mark is analyzing a proposed project to determine how changes in the variable costs per unit would affect the projects net present value. What type of analysis is Mark conducting?A.Sensitivity analysisB.Erosion planningC.Scenario analysisD.Cost-benefit analysisE.Opportunity cost analysis12.The o
10、pportunities that a manager has to modify a project once it has started are called:A.sensitivity choices.B.managerial options.C.scenario adjustments.D.restructuring options.E.erosion control measures.13.Contingency planning focuses on the:A.opportunity costs involved with a project.B.sunk costs rela
11、ted to a project.C.economic effects on a projects profitability.D.managerial options implicit in a project.E.optional capital requirements of a project.14.Which one of the following refers to the option to expand into related businesses in the future?A.Strategic optionB.Contingency optionC.Soft rati
12、oningD.Hard rationingE.Capital rationing option15.Kyle Electric has three positive net present value opportunities. Unfortunately, the firm has not been able to find financing for any of these projects. Which one of the following terms best describes the firms situation?A.Sensitivity analysisB.Capit
13、al rationingC.Soft rationingD.Contingency planningE.Sunk cost16.Marcos Enterprises has three separate divisions. The firm allocates each division $1.5 million per year for capital purchases. Which one of the following terms applies to this allocation process?A.Soft rationingB.Hard rationingC.Opportu
14、nity costD.Sunk costE.Strategic planning17.The Blackwell Group is unable to obtain financing for any new projects under any circumstances. Which term best applies to this situation?A.Contingency planningB.Soft rationingC.Hard rationingD.Sensitivity analysisE.Scenario analysis18.The Shoe Box is consi
15、dering adding a new line of winter footwear to its product line-up. Which of the following are relevant cash flows for this project?I. decreased revenue from products currently being offered if this new footwear is added to the lineupII. revenue from the new line of footwearIII. money spent to date
16、looking for a new product line to add to the stores offeringsIV. cost of new counters to display the new line of footwearA.I and IV onlyB.II and IV onlyC.II and III onlyD.I, II, and IV onlyE.II, III, and IV only19.Lake City Plastics currently produces plastic plates and silverware. The company is co
17、nsidering expanding its product offerings to include plastic serving trays. Which of the following are cash flows relevant to the new product?I. molds needed to form the serving traysII. projected increase in plate and silverware sales if the trays are producedIII. a portion of the production manage
18、rs current annual salary of $75,000IV. raw materials used in the production of the serving traysA.I and IV onlyB.III and IV onlyC.I, II, and IV onlyD.I, III, and IV onlyE.I, II, III, and IV20.The Corner Market has decided to expand its retail store by building on a vacant lot it currently owns. This
19、 lot was purchased four years ago at a cost of $299,000, which the firm paid in cash. To date, the firm has spent another $38,000 on land improvements, all of which was also paid in cash. Today, the lot has a market value of $329,000. What value should be included in the analysis of the expansion pr
20、oject for the cost of the land?A.The sum of the cash paid to date for both the lot and the improvementsB.The original purchase price onlyC.The current market value of the land plus the cash paid for the improvementsD.The current market value of the landE.Zero because the land and the improvements we
21、re purchased with cash21.Weston Steel purchased a new coal furnace six years ago at a cost of $2.2 million. Last year, the government changed the emission requirements and this furnace cannot meet those standards. Thus, Westons can no longer use the furnace nor have they been able to locate anyone w
22、illing to purchase the furnace. Given the current situation, the furnace is best described as which type of cost?A.ErosionB.BookC.SunkD.MarketE.Opportunity22.Valley Forge and Metal purchased a truck five years ago for local deliveries. Which one of the following costs related to this truck is the be
23、st example of a sunk cost? Assume the truck has a usable life of eight years.A.New tires that will be purchased this winterB.Costs of repairs needed so the truck can pass inspection next monthC.Money spent last month repairing a damaged front fenderD.Engine tune-up that is scheduled for this afterno
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 公司 理财 精要 第九 题库
链接地址:https://www.31doc.com/p-11040855.html