2020 财务管理（F9)(叶会)(浙江工商大学) 最新满分章节测试答案

文章目录[隐藏]

Chapter 1 Financial management and financial objectives 第1章测试
Chapter 2 The economic environment for business 第二章测试
Chapter 3 Financial markets and institutions 第三章测试
Chapter 4 Working Capital 第四章测试
Chapter 5 Managing working capital 第五章测试
Chapter 6 Working capital finance 第六章测试
Chapter 7 Investment decision 第七章测试
Chapter 8 Investment appraisal using DCF methods 第八章测试
Chapter 9 Allowing for inflation and taxation 第9章测试
Chapter 10 Project appraisal and risk 第10章测试
Chapter 11 Specific investment decisions 第11章测试
Chapter 20 Interest rate risk 第20章测试
Chapter 12 Sources of finance 第12章测试
Chapter 13 Dividend policy 第13章测试
Chapter 14 Gearing and capital structure 第14章测试
Chapter 15 The cost of capital 第15章测试
Chapter 16 Capital structure 第16章测试
Chapter 18 Market efficiency 第18章测试
Chapter 19 Foreign currency risk 第19章测试
Chapter 17 Business valuations 第17章测试

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2020-06-08到2020-07-20
本篇答案更新状态:已完结

Chapter 1 Financial management and financial objectives 第1章测试

1、问题:Which of the following statements are correct? Maximizing market share is an example of a financial objectiveShareholder wealth maximization is the primary financial objective for a company listed on a stock exchangeFinancial objectives should be quantitative so that their achievement can be measured
选项：
A:1 and 2 only
B:1 and 3 only
C:2 and 3 only
D:1, 2 and 3‍
答案: 【2 and 3 only】

2、问题:Green Co, a listed company, had the following share prices during the year ended 31 December 20X5: At start of 20X5 $2.50 Highest price in the year $3.15 Lowest price in the year $2.40 At end of 20X5 $3.00 During the year, Green Co paid a total dividend of $0.15 per share. What is the total shareholder return for 20X5?
选项：
A:26%
B:22%
C:32%
D:36%
答案: 【26%】

3、问题:Which of the following statements about Fence Co directors’ remuneration package is/are correct? (1) Directors’ remuneration should be determined by senior executive directors (2) Introducing a share option scheme would help bring directors’ objectives in line with shareholders’ objectives(3) Linking financial rewards to a target return on capital employed will encourage short-term profitability and discourage capital investment
选项：
A:2 only
B:1 and 3 only
C:2 and 3 only
D:1, 2 and 3
答案: 【2 and 3 only】

4、问题: Which of the following would you expect to be the responsibility of financial management?
选项：
A: Producing annual accounts
B:Producing monthly management accounts
C:Advising on investment in non-current assets
D:Deciding pay rates for staff
答案: 【Advising on investment in non-current assets】

5、问题:Which of the following statements concerning profit are correct? 1. Accounting profit is not the same as economic profit2. Profit takes account of risk3. Accounting profit can be manipulated by managers
选项：
A:1 and 3 only
B:1 and 2 only
C:2 and 3 only
D:1,2 and 3
答案: 【1 and 3 only】

6、问题:Which of the following statements is correct?
选项：
A: One of the problems with maximising accounting profit as a financial objective is that accounting profit can be manipulated
B:A target for a minimum level of dividend cover is a target for a minimum dividend payout ratio
C: The welfare of employees is a financial objective
D:One reason shareholders are interested in earnings per share is that accounting profit takes account of risk
答案: 【 One of the problems with maximising accounting profit as a financial objective is that accounting profit can be manipulated】

7、问题:Which of the following is LEAST likely to fall within financial management?
选项：
A:The dividend payment to shareholders is increased
B:Funds are raised to finance an investment project
C:Surplus assets are sold off
D:Non-executive directors are appointed to the remuneration committee
答案: 【Non-executive directors are appointed to the remuneration committee】

8、问题:The following information relates to a company:Year 0 1 2 3 Earnings per share (cents) 30·0 31·8 33·9 35·7 Dividends per share (cents) 13·0 13·2 13·3 15·0 Share price at start of year ($) 1·95 1·98 2·01 2·25Which of the following statements is correct?
选项：
A:The dividend payout ratio is greater than 40% in every year in the period
B:Mean growth in dividends per share over the period is 4%
C:Total shareholder return for the third year is 26%
D:Mean growth in earnings per share over the period is 6% per year
答案: 【Mean growth in earnings per share over the period is 6% per year】

9、问题:Which of the following statements is true?
选项：
A:Value for money is usually taken to mean economy, efficiency and engagement
B:Cum dividend means the buyer of the share is not entitled to receive the dividend shortly to be paid
C:The dividend payout ratio compares the dividend per share with the market price per share
D:The agency problem means that shareholder wealth is not being maximized
答案: 【The agency problem means that shareholder wealth is not being maximized】

10、问题:Increasing which TWO of the following would be associated with the financial objective of shareholder wealth maximization?
选项：
A:Share price
B:Dividend payment
C:Reported profit
D:Earnings per share
答案: 【Share price ;
Dividend payment】

Chapter 2 The economic environment for business 第二章测试

1、问题:Which of the following government actions would lead to an increase in aggregate demand? (1) Increasing taxation and keeping government expenditure the same (2) Decreasing taxation and increasing government expenditure (3) Decreasing money supply (4) Decreasing interest rates
选项：
A:1 only
B:1 and 3
C:2 and 4 only
D: 2, 3 and 4
答案: 【2 and 4 only】

2、问题:Which of the following statements is/are correct?(1) Monetary policy seeks to influence aggregate demand by increasing or decreasing the money raised through taxation (2) When governments adopt a floating exchange rate system, the exchange rate is an equilibrium between demand and supply in the foreign exchange market (3) Fiscal policy seeks to influence the economy and economic growth by increasing or decreasing interest rates
选项：
A:2 only
B:1 and 2 only
C:1 and 3 only
D:1, 2 and 3
答案: 【2 only】

3、问题:Which of the following is/are usually seen as forms of market failure where regulation may be a solution? 1.Imperfect competition2.Social costs or externalities3.Imperfect information
选项：
A:1 only
B:1 and 2 only
C:2 and 3 only
D:1, 2 and 3
答案: 【1, 2 and 3】

4、问题:Which of the following statements relating to competition policy is/are correct? (1) Scale economies are an advantage of monopoly and oligopoly (2) Social costs or externalities are an example of economic inefficiency arising from market failure (3) Monopoly is discouraged because it can lead to inefficiency and excessive profits
选项：
A:1 and 2 only
B:3 only
C:2 and 3 only
D:1, 2 and 3
答案: 【1, 2 and 3 】

5、问题:Governments have a number of economic targets as part of their fiscal policy. Which of the following government actions relate predominantly to fiscal policy? 1.Decreasing interest rates in order to stimulate consumer spending2.Reducing taxation while maintaining public spending3.Using official foreign currency reserves to buy the domestic currency4.Borrowing money from the capital markets and spending it on public works
选项：
A:1 only
B:1 and 3
C:2 and 4 only
D:2, 3 and 4
答案: 【2 and 4 only】

6、问题:Which of the following is most likely to increase aggregate demand in the economy?
选项：
A:Increased saving
B:Increased spending on imports
C:Increased taxation
D:Increased investment
答案: 【Increased investment】

7、问题:Which of the following organisations is most likely to benefit from a period of high price inflation?
选项：
A:An organisation which has a large number of long term payables
B:An exporter of goods to a country with relatively low inflation
C:A supplier of goods in a market where consumers are highly price sensitive and substitute imported goods are available
D:A large retailer with a high level of inventory on display and low rate of inventory turnover
答案: 【An organisation which has a large number of long term payables】

8、问题:Interest rates in Isopia have recently been reduced. Which of the following is most likely to result from a cut in interest rates?
选项：
A:An increase in savings
B:An increase in spending
C:A decrease in borrowing
D:A decrease in consumption
答案: 【An increase in spending】

9、问题:A government has adopted a contractionary fiscal policy.How would this typically affect businesses?
选项：
A:Higher interest rates and higher inflation
B:Lower taxes and higher government subsidies
C:Higher taxes and lower government subsidies
D:Lower inflation and lower interest rates
答案: 【Higher taxes and lower government subsidies】

10、问题:The government of Beeland is operating an expansionary fiscal policy. Which of the following is this most likely to include?
选项：
A:A fall in interest rates
B:An increase in corporation tax
C:An increase in government spending
D:An increase in the money supply
答案: 【An increase in government spending】

Chapter 3 Financial markets and institutions 第三章测试

1、问题:Which of the following financial instruments will NOT be traded on a money market?
选项：
A:Commercial paper
B:Convertible loan notes
C:Treasury bills
D:Certificates of deposit
答案: 【Convertible loan notes】

2、问题:Max Co is a large multinational company which expects to have a $10m cash deficit in one month’s time. The deficit is expected to last no more than two months. Max Co wishes to resolve its short-term liquidity problem by issuing an appropriate instrument on the money market. Which of the following instruments should Max Co issue?
选项：
A:Commercial paper
B:Interest rate futures
C:Corporate loan notes
D:Treasury bills
答案: 【Commercial paper】

3、问题:Which of the following are financial intermediaries? (1) Venture capital organization (2) Pension fund (3) Merchant bank