MOOC ACCA财务管理F9(东莞市教育局)1206229802 最新慕课完整章节测试答案

Quick Quiz 1

1、单选题：
‍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、单选题：
‍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、单选题：
‌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、多选题：
‏What three broad types of decision does financial management involve?​‏A.Investment decisions​‏B.Financing decisions​‏C.Operating decisions​‏D.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、多选题：
‏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、判断题：
​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、判断题：
​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、判断题：
‏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】

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

10、判断题：
‏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】

Quick Quiz 10

1、单选题：
‏An investment project has the following discounted cash flows ($’000).‍Year‍Discount rate‍ ‍0%‍ ‍10%‍ ‍20%‍‏ ‍0‍(90)‍ ‍(90)‍ ‍(90)‍‏ ‍1‍30‍ ‍27.3‍ ‍25.0‍‏ ‍2‍30‍ ‍24.8‍ ‍29.8‍‏ ‍3‍30‍ ‍22.5‍ ‍17.4‍‏ ‍4‍30‍ ‍20.5‍ ‍14.5‍‏ ‍ ‍30‍ ‍5.1‍ ‍(12.3)‍‏ ‍‏The required rate of return on investment is 10% per annum.‍‏What is the discounted payback period of the investment project?‍‏‍
选项：
A: Less than 3 years
B: 3 years
C: Between 3 years and 4 years
D: More than 4 years
答案: 【 Between 3 years and 4 years】

2、多选题：
‌The examples of uncertain independent variables on which the NPV of a project may depend include:‌
选项：
A: Sales volume
B: Cost of capital
C: Initial cost
D: Operating costs
答案: 【 Sales volume;
Cost of capital;
Initial cost;
Operating costs】

3、多选题：
‏Managers can reduce risk in which way ?‍
选项：
A: Set maximum payback period
B: Use high discounting rate
C: Use sensitivity analysis to determine the critical factors within the decision-making process
D: Use pessimistic estimates
答案: 【 Set maximum payback period;
Use high discounting rate;
Use sensitivity analysis to determine the critical factors within the decision-making process;
Use pessimistic estimates】

4、判断题：
​Sensitivity analysis allows for uncertainty in project appraisal by assessing the probability of changes in the decision variables.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

5、判断题：
‌Expected values can help an accountant evaluate the range of possible net present value outcomes.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

6、判断题：
‌The Certainty-equivalent approach is where expected cash flows are converted to riskless equivalent amounts.‍‌‍
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
​Simulation models constructed by assigning a range of random number digits to each possible value of each of the uncertain variables.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

Quick Quiz 11

1、单选题：
‏The net present value of the costs of operating a machine for the next three years is $10,724 at a cost of capital of 15%. What is the equivalent annual cost of operating the machine?‌
选项：
A: $4697
B: $3575
C: $4111
D: $3109
答案: 【 $4697】

2、多选题：
‍Why hard capital rationing may occur?‌
选项：
A: Raising money through the stock market may not be possible if share prices are depressed.
B:  There are restrictions on lending due to government control.
C: Lending institutions may consider the organization to be too risky.
D: The costs associated with making small issues of capital may be too great.
答案: 【 Raising money through the stock market may not be possible if share prices are depressed.;
 There are restrictions on lending due to government control.;
Lending institutions may consider the organization to be too risky.;
The costs associated with making small issues of capital may be too great.】

3、判断题：
‌Hard capital rationing occurs when a restriction on an organization’s ability to invest capital funds is caused by an internal budget ceiling imposed by management.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

4、判断题：
​The best way to find the optimal solution in a situation of single period rationing with indivisible projects is to use trial and error and test the NPV available from different project combinations.‏
选项：
A: 正确
B: 错误
答案: 【 正确】

5、判断题：
‏An indivisible project is a project that must be undertaken completely or not at all.​
选项：
A: 正确
B: 错误
答案: 【 正确】

6、判断题：
​The lessee is responsible for the servicing of a leased asset in the case of an operating lease.​​​
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‏To rank the projects according to their profitability index is the best way to find the optimal solution in a situation of single period rationing with divisible projects?‍
选项：
A: 正确
B: 错误
答案: 【 正确】

Quick Quiz 12

1、单选题：
‎A company's shares have a nominal value of $1 and a market value of $3. In a rights issue, one new share would be issued for every three shares at a price of $2.60. What is the theoretical ex-rights price?‍‎‍
选项：
A: $3
B: $5.60
C: $2.90
D: $0.65
答案: 【 $2.90】

2、单选题：
​Which of the following is least likely to be a reason for seeking a stock market flotation?‏
选项：
A: Improving the existing owners' control over the business
B: Access to a wider pool of finance
C: Enhancement of the company's image
D: Transfer of capital to other uses
答案: 【 Improving the existing owners' control over the business】

3、单选题：
‌Which of the following is not true of a rights issue by a listed company?​
选项：
A: Rights issues do not require a prospectus.
B: The rights issues price can be at a discount to market price.
C: If shareholders do not take up the rights, the rights lapse.
D: Relative voting rights are unaffected if shareholders exercise their rights.
答案: 【 If shareholders do not take up the rights, the rights lapse.】

4、多选题：
‏Why a company may seek a stock market listing?‍
选项：
A:  access to a wider pool of finance
B:  improved marketability of shares; transfer of capital to other uses
C: enhancement of company image
D: making growth by acquisition possible
答案: 【  access to a wider pool of finance;
 improved marketability of shares; transfer of capital to other uses;
enhancement of company image;
making growth by acquisition possible】

5、填空题：