《公司理财》选择题题库

1公司理财选择题题库MultipleChoiceQuestions:Chapter1CONTROLLERc1.Thepersongenerallydirectlyresponsibleforoverseeingthetaxmanagement,costaccounting,financialaccounting,andinformationsystemfunctionsisthe:a.treasurer.b.director.c.controller.d.chairmanoftheboard.e.chiefexecutiveofficer.TREASURERa2.Thepersongenerallydirectlyresponsibleforoverseeingthecashandcreditfunctions,financialplanning,andcapitalexpendituresisthe:a.treasurer.b.director.c.controller.d.chairmanoftheboard.e.chiefoperationsofficer.CAPITALBUDGETINGd3.Theprocessofplanningandmanagingafirm’slong-terminvestmentsiscalled:a.workingcapitalmanagement.b.financialdepreciation.c.agencycostanalysis.d.capitalbudgeting.e.capitalstructure.CAPITALSTRUCTUREe4.Themixtureofdebtandequityusedbyafirmtofinanceitsoperationsiscalled:a.workingcapitalmanagement.b.financialdepreciation.c.costanalysis.d.capitalbudgeting.e.capitalstructure.WORKINGCAPITALMANAGEMENTa5.Themanagementofafirm’sshort-termassetsandliabilitiesiscalled:a.workingcapitalmanagement.b.debtmanagement.c.equitymanagement.d.capitalbudgeting.e.capitalstructure.SOLEPROPRIETORSHIPb6.Abusinessownedbyasingleindividualiscalleda:a.corporation.b.soleproprietorship.c.generalpartnership.d.limitedpartnership.e.limitedliabilitycompany.GENERALPARTNERSHIPc7.Abusinessformedbytwoormoreindividualswhoeachhaveunlimitedliabilityforbusinessdebtsiscalleda:a.corporation.b.soleproprietorship.c.generalpartnership.d.limitedpartnership.e.limitedliabilitycompany.CORPORATIONa9.Abusinesscreatedasadistinctlegalentitycomposedofoneormoreindividualsorentitiesiscalleda:a.corporation.b.soleproprietorship.c.generalpartnership.d.limitedpartnership.e.unlimitedliabilitycompany.LIMITEDLIABILITYCOMPANYa12.Abusinessentityoperatedandtaxedlikeapartnership,butwithlimitedliabilityfortheowners,iscalleda:a.limitedliabilitycompany.b.generalpartnership.c.limitedproprietorship.d.soleproprietorship.e.corporation.FINANCIALMANAGEMENTGOALb13.Theprimarygoaloffinancialmanagementisto:a.maximizecurrentdividendspershareoftheexistingstock.b.maximizethecurrentvaluepershareoftheexistingstock.c.avoidfinancialdistress.d.minimizeoperationalcostsandmaximizefirmefficiency.e.maintainsteadygrowthinbothsalesandnetearnings.CHAPTER4DiscountedCashFlowValuationANNUITYa1.Anannuitystreamofcashflowpaymentsisasetof:a.levelcashflowsoccurringeachtimeperiodforafixedlengthoftime.b.levelcashflowsoccurringeachtimeperiodforever.c.increasingcashflowsoccurringeachtimeperiodforafixedlengthoftime.d.increasingcashflowsoccurringeachtimeperiodforever.e.arbitrarycashflowsoccurringeachtimeperiodfornomorethan10years.ANNUITIESDUE2e2.Annuitieswherethepaymentsoccurattheendofeachtimeperiodarecalled_____,whereas_____refertoannuitystreamswithpaymentsoccurringatthebeginningofeachtimeperiod.a.ordinaryannuities;earlyannuitiesb.lateannuities;straightannuitiesc.straightannuities;lateannuitiesd.annuitiesdue;ordinaryannuitiese.ordinaryannuities;annuitiesduePERPETUITYc3.Anannuitystreamwherethepaymentsoccurforeveriscalleda(n):a.annuitydue.b.indemnity.c.perpetuity.d.amortizedcashflowstream.e.amortizationtable.STATEDINTERESTRATESa4.Theinterestrateexpressedintermsoftheinterestpaymentmadeeachperiodiscalledthe_____rate.a.statedannualinterestb.compoundannualinterestc.effectiveannualinterestd.periodicintereste.dailyinterestEFFECTIVEANNUALRATEc5.Theinterestrateexpressedasifitwerecompoundedonceperyeariscalledthe_____rate.a.statedinterestb.compoundinterestc.effectiveannuald.periodicintereste.dailyinterestANNUALPERCENTAGERATEb6.Theinterestratechargedperperiodmultipliedbythenumberofperiodsperyeariscalledthe_____rate.a.effectiveannualb.annualpercentagec.periodicinterestd.compoundintereste.dailyinterestCHAPTER5InterestRateandBondValuationCOUPONa1.Thestatedinterestpayment,indollars,madeonabondeachperiodiscalledthebond’s:a.coupon.b.facevalue.c.maturity.d.yieldtomaturity.e.couponrate.FACEVALUEb2.Theprincipalamountofabondthatisrepaidattheendoftheloantermiscalledthebond’s:a.coupon.b.facevalue.c.maturity.d.yieldtomaturity.e.couponrate.MATURITYc3.Thespecifieddateonwhichtheprincipalamountofabondisrepaidiscalledthebond’s:a.coupon.b.facevalue.c.maturity.d.yieldtomaturity.e.couponrate.YIELDTOMATURITYd4.Therateofreturnrequiredbyinvestorsinthemarketforowningabondiscalledthe:a.coupon.b.facevalue.c.maturity.d.yieldtomaturity.e.couponrate.COUPONRATEe5.Theannualcouponofabonddividedbyitsfacevalueiscalledthebond’s:a.coupon.b.facevalue.c.maturity.d.yieldtomaturity.e.couponrate.PARBONDSa6.Abondwithafacevalueof$1,000thatsellsfor$1,000inthemarketiscalleda_____bond.a.parvalueb.discountc.premiumd.zerocoupone.floatingrateDISCOUNTBONDSb7.Abondwithafacevalueof$1,000thatsellsforlessthan$1,000inthemarketiscalleda_____bond.a.parb.discountc.premiumd.zerocoupone.floatingratePREMIUMBONDSc8.Abondwithafacevalueof$1,000thatsellsformorethan$1,000inthemarketiscalleda_____bond.a.parb.discountc.premium3d.zerocoupone.floatingrateCHAPTER6StockValuationGROWINGPERPETUITYa1.Anassetcharacterizedbycashflowsthatincreaseataconstantrateforeveriscalleda:a.growingperpetuity.b.growingannuity.c.c