2020 财务管理(东莞理工学院)1451264472 最新满分章节测试答案

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本课程起止时间为:2020-03-01到2020-06-30
本篇答案更新状态:已完结

Chapter 16 Capital structure Quick Quiz 16

1、 问题:What are the main problems in using geared and ungeared betas to calculate a firm’s equity beta?
选项：
A: (a) It is difficult to identify other firms with identical operating characteristics.
B:(b) Estimates of beta values from share price information are not wholly accurate.
C:(c) There may be firm-specific causes of differences in beta values.
D:(d) The market may recognise opportunities for future growth for some firms but not others.
答案: 【 (a) It is difficult to identify other firms with identical operating characteristics.;
(b) Estimates of beta values from share price information are not wholly accurate.;
(c) There may be firm-specific causes of differences in beta values.;
(d) The market may recognise opportunities for future growth for some firms but not others.】

2、 问题:
选项：
A:Line 1 is the cost of equity in the geared company.
B:Line 2 is the weighted average cost of capital.
C:Line 3 is the cost of debt..
D:Point 4 is the optimal level of gearing.
答案: 【Line 1 is the cost of equity in the geared company.;
Line 2 is the weighted average cost of capital.;
Line 3 is the cost of debt..;
Point 4 is the optimal level of gearing.】

3、 问题: The Modigliani and Miller theory is based on perfect capital markets which do not exist in the real world.
选项：
A:正确
B:错误
答案: 【正确】

4、 问题:Assuming debt is risk free ba =
答案: 【(Ve )/(Ve+Vd (1-T))】

Chapter 1 Financial management and financial objectives Quick Quiz 1

1、 问题:Which of the following are examples of financial objectives that a company might choose to pursue?
选项：
A:Provision of good wages and salaries
B:Restricting the level of gearing to below a specified target level
C:Dealing honestly and fairly with customers on all occasions
D:Producing environmentally friendly products
答案: 【Restricting the level of gearing to below a specified target level】

2、 问题:Which is not one of the ‘Three Es’ of value for money?
选项：
A:Efficiency
B:Exigency
C:Economy
D:Effectiveness
答案: 【Exigency】

3、 问题:In the context of managing performance in not for profit organisations, which of the following definitionsis incorrect?
选项：
A:Value for money means providing a service in a way which is economical, efficient and effective.
B:Economy means doing things cheaply: not spending $2 when the same thing can be bought for $1.
C:Efficiency means doing things quickly: minimising the amount of time that is spent on a givenactivity.
D:Effectiveness means doing the right things: spending funds so as to achieve the organisation’sobjectives.
答案: 【Efficiency means doing things quickly: minimising the amount of time that is spent on a givenactivity.】

4、 问题:What three broad types of decision does financial management involve?A.Investment decisionsB.Financing decisionsC.Operating decisionsD.Dividend decisions
选项：
A:Investment decisions
B:Financing decisions
C:Operating decisions
D:Dividend decisions
答案: 【Investment decisions;
Financing decisions;
Dividend decisions】

5、 问题:Tick which are stakeholder groups for a company.
选项：
A:Employees
B:Ordinary shareholders
C:The Board of Directors
D:Trade payables (suppliers)
答案: 【Employees;
Ordinary shareholders;
The Board of Directors;
Trade payables (suppliers)】

6、 问题:The definition of financial management is the management of the finances of an organisation in order to achieve the financial objectives of the organisation.
选项：
A:正确
B:错误
答案: 【正确】

7、 问题:The main financial objective that the theory of company finance assume that a business organisationhas is to maximise the wealth of the company’s board directors and managers.
选项：
A:正确
B:错误
答案: 【错误】

8、 问题:If earnings per share fall from one year to the next, so will the level of dividends.
选项：
A:正确
B:错误
答案: 【错误】
分析：【Dividends may still be maintained from payments out of profits retained in earlier periods.】

9、 问题:Return on capital employed = Profit after interest and tax / Capital employed
选项：
A:正确
B:错误
答案: 【错误】

10、 问题:Goal congruence is accordance between the objectives of agents acting within an organisation.
选项：
A:正确
B:错误
答案: 【正确】

Chapter 4 Working Capital Quick Quiz 4

1、 问题:1 Which of the following is the most likely to be a symptom of overtrading?
选项：
A:A Static levels of inventory turnover
B:B Rapid increase in profits
C:C Increase in the level of the current ratio
D:D Rapid increase in sales
答案: 【D Rapid increase in sales】

2、 问题: Which of the following statements best defines the current ratio?
选项：
A:A The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 2.
B:B The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 1.
C:C The ratio of current assets excluding inventoryFor the majority of businesses it should be at least 1.
D:D The ratio of current assets excluding inventory to current liabilitiesFor the majority of businesses it should be at least 2.
答案: 【B The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 1.】

3、 问题:Which is the working capital requirement of a company with the following average figures over a year?Inventory 3,750Trade accounts receivable 1,500Cash and bank balances 500Trade accounts payable 1,800
选项：
A:3950
B:3900
C:3980
D:4000
答案: 【3950】

4、 问题:That a company with excessive investment in working capital is over-capitalisation?
选项：
A:正确
B:错误
答案: 【正确】

5、 问题:That company trying to support too large a volume of trade with the capital resources at its is disposalovertrading?
选项：
A:正确
B:错误
答案: 【正确】

Chapter 5 Managing working capital Quick Quiz 5

1、 问题: Which of the following is a disadvantage to a company of using a factor for its accounts receivable?
选项：
A:A It is easier to finance growth through sales..
B:B Managers spend less time on slow paying accounts receivable.
C:C Credit customers pay direct to the factor.
D:D It is easier to pay suppliers promptly to obtain discounts
答案: 【C Credit customers pay direct to the factor.】

2、 问题: Which of the following does not determine the amount of credit offered by a supplier?
选项：
A:A The credit terms the supplier obtains from its own suppliers
B:B The ease with which the buyer can go elsewhere
C:C The supplier’s total risk exposure
D:D The number of purchases made by the buyer each year
答案: 【D The number of purchases made by the buyer each year】

3、 问题:If a customer decided to pass up the chance of a cash discount of 1% in return for reducing their average payment period from 70 to 30 days, what would be the implied cost in interest per annum?
选项：
A:9.5%
B:9%
C:8.55
D:8%
答案: 【9.5%】

4、 问题:The basic EOQ formula for inventory indicates whether bulk discounts should be taken advantage of.
选项：
A:正确
B:错误
答案: 【错误】

5、 问题:PB Co uses 2,500 units of component X per year. The company has calculated that the cost of placing and processing a purchase order for component X is $185, and the cost of holding one unit of component X for a year is $25. the economic order quantity (EOQ) for component X is
答案: 【192】

Chapter 6 Working capital finance Quick Quiz 6

1、 问题:Which of the following is most likely to reduce a firm’s working capital?
选项：
A:A Adopting the Miller-Orr model of cash management
B:B Lengthening the period of credit given to accounts receivable
C:C Buying new machinery
D:D Adopting just-in-time procurement and lean manufacturing