大学MOOC 专业英语（经管）(淮阴工学院)1450443218 最新慕课完整章节测试答案

QuickQuiz10

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】

QuickQuiz12

1、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】

2、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.】

3、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】

QuickQuiz13

1、单选题：
Which of the following sources of finance to companies is the most widely used in practice?                 ‍
选项：
A: Bank borrowings  
B: Rights issues    
C: New share issues
D: Retained earnings     
答案: 【 Retained earnings     】

2、单选题：
A scrip dividend is:‎
选项：
A: A dividend paid at a fixed percentage rate on the nominal value of the shares
B: A dividend paid at a fixed percentage rate on the market value of the shares on the date that the dividend is declared
C: A dividend payment that takes the form of new shares instead of cash
D: A cash dividend that is not fixed but is decided on by the directors and approved by theshareholders
答案: 【 A dividend payment that takes the form of new shares instead of cash】

3、判断题：
‍A company offers to pay a dividend in the form of new shares which are worth more than the cash alternative which is also offered. This dividend in the form of shares is called an enhanced scrip dividend.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

4、判断题：
​ 'Signalling' in the context of dividends policy is the use of dividend policy to indicate the future prospects of an enterprise.‍
选项：
A: 正确
B: 错误
答案: 【 正确】

QuickQuiz14

1、多选题：
‏What are the main characteristics of small and medium-sized enterprises?​
选项：
A: Firms are likely to be unquoted.
B: Ownership of the business is restricted to a few individuals, typically a family group.
C: Ownership of the business is restricted to one individual.
D: They are not micro businesses that offer a medium for self-employment of their owners.
答案: 【 Firms are likely to be unquoted.;
Ownership of the business is restricted to a few individuals, typically a family group.;
They are not micro businesses that offer a medium for self-employment of their owners.】

2、判断题：
‍The returns on capital investment must exceed the interest payable on the extra debt used to finance the investment.This condition has to be fulfilled for increased financial gearing to result in increased earnings per share.​
选项：
A: 正确
B: 错误
答案: 【 正确】

3、判断题：
​ Business angel financing is direct investment in SMEs by individuals or small groups of investors.​
选项：
A: 正确
B: 错误
答案: 【 正确】

4、填空题：
‏(      ) gearing=Total capital employed/Prior charge capital​
答案: 【 Financial】

5、填空题：
‏(      ) gearing=Contributio