2020 公司金融（Corporate Finance)(中南大学) 最新满分章节测试答案

文章目录[隐藏]

1.Introduction Quiz 1
2.Introduction to Financial Statement Analysis Quiz 2
3. Introduction of Investment Decisions Quiz 3
4.Methods of Investment Decisions Quiz 4
5. Applications of Investment Decisions Quiz 5
7.Theory of Financing Decisions II Quiz 7
8.Capital Budgeting and Valuation with Leverage Quiz 8
6.Theory of Financing Decisions I Quiz 6
9.Allocation Decisions Quiz 9

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2020-10-20到2021-01-31
本篇答案更新状态:已完结

1.Introduction Quiz 1

1、问题:Which type of business organization has all the respective rights and privileges of a legal person?
选项：
A:Sole proprietorship
B:Corporation
C:General partnership
D:Limited partnership
答案: 【Corporation】

2、问题:The Principal-Agent Problem arises
选项：
A:because managers have little incentive to work in the interest of shareholders when this means working against their own self-interest.
B:because of the separation of ownership and control in a corporation.
C:Both A and B
D:None of the above
答案: 【Both A and B】

3、问题:In the management buyout, the managers of the firm buy out the existing stockholders and make the company a private firm. Is this a way of reducing of conflict of interests between stockholders and managers?
选项：
A:Yes，managers now also become the lead stockholders in the firm.
B:Yes, managers will feel happy.
C:No，managers now also become the lead stockholders in the firm.
D:No, managers will feel happy.
答案: 【Yes，managers now also become the lead stockholders in the firm.】

4、问题:In a corporation, the ultimate decisions regarding business matters are made by
选项：
A:the Board of Directors
B:debt holders
C:shareholders
D:investors
答案: 【the Board of Directors】

5、问题:Which is not the advantages of a corporation?
选项：
A:Easy transfer of ownership
B:Limited life
C:Easy to get financing
D:Entitled to sign contracts
答案: 【Limited life】

6、问题:Which of the following statements is false?
选项：
A:In bankruptcy, management is given the opportunity to reorganize the firm and renegotiatewith debt holders.
B:Because a corporation is a separate legal entity, when it fails to repay its debts, the people wholent to the firm, the debt holders are entitled to seize the assets of the corporation incompensation for the default.
C:As long as the corporation can satisfy the claims of the debt holders, ownership remains in thehands of the equity holders.
D: If the corporation fails to satisfy debt holdersʹ claims, debt holders may lose control of the firm.
答案: 【 If the corporation fails to satisfy debt holdersʹ claims, debt holders may lose control of the firm.】

7、问题:Which of the following assumptions would you need for stock maximization to be the “right” objective for a business to adopt?
选项：
A:There are no social costs
B:Managers act in the best interests of stockholders
C:Lenders to the firm are fully protected from expropriation
D: All of the above
答案: 【 All of the above】

8、问题:Which one is not the character a good goal should possess?
选项：
A:The goal should be very clear.
B:The goal should be measurable.
C:The goal should not bring costs to other businesses or groups.
D:The goal should be easily changeable and adjustable.
答案: 【The goal should be easily changeable and adjustable.】

9、问题: Which one is not the assumption on which the maximization of stock price is based?
选项：
A:The manager can control the issuing amount of bonds
B:The manager does not consider his own interests.
C:The creditor is completely protected in order to avoid wealth being exploited by shareholders.
D:Business managers will not use their own unique information to mislead financial markets.
答案: 【The manager can control the issuing amount of bonds】

10、问题: If shareholders are unhappy with a CEOʹs performance, they are most likely to
选项：
A:buy more shares in an effort to gain control of the firm.
B:file a shareholder resolution.
C:replace the CEO through a grassroots shareholder uprising.
D:sell their shares.
答案: 【sell their shares.】

11、问题: The distinguishing feature of a corporation is that:
选项：
A:their is no legal difference between the corporation and its owners.
B:it is a legally defined, artificial being, separate from its owners.
C:it spreads liability for its corporate obligations to all shareholders.
D:provides limited liability only to small shareholders.
答案: 【it is a legally defined, artificial being, separate from its owners.】

12、问题:You own 100 shares of a "C" corporation. The corporation earns $5.00 per share before taxes. Once the corporation has paid any corporate taxes that are due, it will distribute the rest of its earnings to its shareholders in the form of a dividend. If the corporate tax rate is 40% and your personal tax rate on (both dividend and non-dividend) income is 30%, then how much money is left for you after all taxes have been paid?
选项：
A:$210
B:$300
C:$350
D:$500
答案: 【$210】

13、问题:You are a shareholder in a "C" corporation. This corporation earns $4 per share before taxes. After it has paid taxes, it will distribute the remainder of its earnings to you as a dividend. The dividend is income to you, so you will then pay taxes on these earnings. The corporate tax rate is 35% and your tax rate on dividend income is 15%. The effective tax rate on your share of the corporations earnings is closest to:
选项：
A:15%
B:35%
C:45%
D:50%
答案: 【45%】

14、问题:If shareholders are unhappy with a CEO’s performance, they are most likely to:
选项：
A:buy more shares in an effort to gain control of the firm.
B:file a shareholder resolution.
C:replace the CEO through a grassroots shareholder uprising.
D:sell their shares.
答案: 【sell their shares.】

15、问题:A __ is when a rich individual or organization purchases a large fraction of the stock of a poorly performing firm and in doing so gets enough votes to replace the board of directors and the CEO.
选项：
A:shareholder proposal
B:leveraged buyout
C:shareholder action
D:hostile takeover
答案: 【hostile takeover】

16、问题:Which of the following statements is FALSE?
选项：
A:In bankruptcy, management is given the opportunity to reorganize the firm and renegotiate with debt holders.
B:Because a corporation is a separate legal entity, when it fails to repay its debts, the people who lent to the firm, the debt holders are entitled to seize the assets of the corporation in compensation for the default.
C:As long as the corporation can satisfy the claims of the debt holders, ownership remains in the hands of the equity holders.
D:If the corporation fails to satisfy debt holders’ claims, debt holders may lose control of the firm.
答案: 【If the corporation fails to satisfy debt holders’ claims, debt holders may lose control of the firm.】

17、问题:Do corporate decisions that increase the value of the firm’s equity benefit society as a whole?
选项：
A:Yes, as long as the value of the firm’s equity increases, society is better off.
B:Yes, as long as the increase in the value of the firm’s equity does not come at the expense of others.
C:No, any gain in the value of the firm’s equity is always less than the cost to society.
D:No, any gains in the value of the firm’s equity are perfectly offset by societal costs.
答案: 【Yes, as long as the increase in the value of the firm’s equity does not come at the expense of others.】

18、问题:An agency problem can be alleviated by:
选项：
A:requiring all firms to be sole proprietorships.
B: compensating managers in such a way that acting in the best interest of shareholders is also in the best interest of managers.
C:asking managers to take on more risk than they are comfortable taking.
D:A and B.
答案: 【A and B.】

19、问题:You overhear your manager saying that she plans to book an Ocean-view room on her upcoming trip to Miami for a meeting. You know that the interior rooms are much less expensive, but that your manager is traveling at the Company’s expense. This use of additional funds comes about as a result of:
选项：
A:an agency problem.
B:an adverse selection problem.
C: a moral hazard.
D:a publicity problem.
答案: 【an agency problem.】

20、问题:The Principal-Agent Problem arises:
选项：
A:because managers have little incentive to work in the interest of shareholders when this means working against their own self-interest.
B:because of the separation of ownership and control in a corporation.
C:Both A and B
D:None of the above
答案: 【Both A and B】

2.Introduction to Financial Statement Analysis Quiz 2

1、问题:On the balance sheet, current maturities of long-term debt appears:
选项：
A:in the Stockholders’ Equity section.
B:in the Operating Expenses section.
C:in the Current Assets section.
D:in the Current Liabilities section.
答案: 【in the Current Liabilities section.】

2、问题:Dustin’s Donuts experienced a decrease in the value of the trademark of a company it acquired two years ago. This reduction in value results in:
选项：
A:an impairment charge.
B:depreciation expense.
C:an operating expense.
D:goodwill.
答案: 【an impairment charge.】

3、问题:Which of the following statements regarding the income statement is INCORRECT?
选项：
A:The income statement shows the earnings and expenses at a given point in time.
B:The income statement shows the flow of earnings and expenses generated by the firm between two dates.