Chapter 1 Financial management and financial objectives

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

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 14 Gearing and capital structure

Quick Quiz 14

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 inve

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