MOOC Financial Management(哈尔滨商业大学)1454261163 最新慕课完整章节测试答案
Chapter 1 Financial management and financial objectives
文章目录
- Chapter 1 Financial management and financial objectives
- Chapter 10 Project appraisal and risk
- Chapter 11 Specific investment decisions
- Chapter 12 Sources of finance
- Chapter 13 Dividend policy
- Chapter 14 Gearing and capital structure
- Chapter 15 The cost of capital
- Chapter 16 Capital structure
- Chapter 17 Business valuations
- Chapter 18 Market efficiency
- Chapter 19 Foreign currency risk
- Chapter 2 The economic environment for business
- Chapter 20 Interest rate risk
- Chapter 4 Working Capital
- Chapter 5 Managing working capital
- Chapter 6 Working capital finance
- Chapter 7 Investment decision
- Chapter 8 Investment appraisal using DCF methods
- Chapter 9 Allowing for inflation and taxation
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 $1.
C: Efficiency means doing things quickly: minimising the amount of time that is spent on a givenactivity.
D: Effectiveness means doing the right things: spending funds so as to achieve the organisation'sobjectives.
答案: 【 Efficiency means doing things quickly: minimising the amount of time that is spent on a givenactivity.】
4、多选题:
What three broad types of decision does financial management involve?A.Investment decisionsB.Financing decisionsC.Operating decisionsD.Dividend decisions
选项:
A: Investment decisions
B: Financing decisions
C: Operating decisions
D: Dividend decisions
答案: 【 Investment decisions;
Financing decisions;
Dividend decisions】
5、多选题:
Tick which are stakeholder groups for a company.
选项:
A: Employees
B: Ordinary shareholders
C: The Board of Directors
D: Trade payables (suppliers)
答案: 【 Employees;
Ordinary shareholders;
The Board of Directors;
Trade payables (suppliers)】
6、判断题:
The definition of financial management is the management of the finances of an organisation in order to achieve the financial objectives of the organisation.
选项:
A: 正确
B: 错误
答案: 【 正确】
7、判断题:
The main financial objective that the theory of company finance assume that a business organisationhas is to maximise the wealth of the company's board directors and managers.
选项:
A: 正确
B: 错误
答案: 【 错误】
8、判断题:
If earnings per share fall from one year to the next, so will the level of dividends.
选项:
A: 正确
B: 错误
答案: 【 错误】
9、判断题:
Return on capital employed = Profit after interest and tax / Capital employed
选项:
A: 正确
B: 错误
答案: 【 错误】
10、判断题:
Goal congruence is accordance between the objectives of agents acting within an organisation.
选项:
A: 正确
B: 错误
答案: 【 正确】
Chapter 10 Project appraisal and risk
Quick Quiz 10
1、单选题:
An investment project has the following discounted cash flows ($’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】
Chapter 11 Specific investment decisions
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】
Chapter 12 Sources of finance
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 marketabi