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 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 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

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