大学MOOC 财务管理（双语）(北京联合大学)1454445178 最新慕课完整章节测试答案
1.Introduction
文章目录
Quiz 1
1、单选题：
Which type of business organization has all the respective rights and privileges of a legal person?
选项：
A: Sole proprietorship
B: Corporation
C: General partnership
D: Limited partnership
答案: 【 Corporation】
2、单选题：
The Principal-Agent Problem arises
选项：
A: because managers have little incentive to work in the interest of shareholders when this means working against their own self-interest.
B: because of the separation of ownership and control in a corporation.
C: Both A and B
D: None of the above
答案: 【 Both A and B】
3、单选题：
In the management buyout, the managers of the firm buy out the existing stockholders and make the company a private firm. Is this a way of reducing of conflict of interests between stockholders and managers?
选项：
A: Yes，managers now also become the lead stockholders in the firm.
B: Yes, managers will feel happy.
C: No，managers now also become the lead stockholders in the firm.
D: No, managers will feel happy.
答案: 【 Yes，managers now also become the lead stockholders in the firm.】
4、单选题：
In a corporation, the ultimate decisions regarding business matters are made by
选项：
A: the Board of Directors
B: debt holders
C: shareholders
D: investors
答案: 【 the Board of Directors】
5、单选题：
Which is not the advantages of a corporation?
选项：
A: Easy transfer of ownership
B: Limited life
C: Easy to get financing
D: Entitled to sign contracts
答案: 【 Limited life】
6、单选题：
Which of the following statements is false?
选项：
A: In bankruptcy, management is given the opportunity to reorganize the firm and renegotiatewith debt holders.
B: Because a corporation is a separate legal entity, when it fails to repay its debts, the people wholent to the firm, the debt holders are entitled to seize the assets of the corporation incompensation for the default.
C: As long as the corporation can satisfy the claims of the debt holders, ownership remains in thehands of the equity holders.
D: If the corporation fails to satisfy debt holdersʹ claims, debt holders may lose control of the firm.
答案: 【 If the corporation fails to satisfy debt holdersʹ claims, debt holders may lose control of the firm.】
7、单选题：
Which of the following assumptions would you need for stock maximization to be the “right” objective for a business to adopt?
选项：
A: There are no social costs
B: Managers act in the best interests of stockholders
C: Lenders to the firm are fully protected from expropriation
D: All of the above
答案: 【 All of the above】
8、单选题：
Which one is not the character a good goal should possess?
选项：
A: The goal should be very clear.
B: The goal should be measurable.
C: The goal should not bring costs to other businesses or groups.
D: The goal should be easily changeable and adjustable.
答案: 【 The goal should be easily changeable and adjustable.】
9、单选题：
Which one is not the assumption on which the maximization of stock price is based?
选项：
A: The manager can control the issuing amount of bonds
B: The manager does not consider his own interests.
C: The creditor is completely protected in order to avoid wealth being exploited by shareholders.
D: Business managers will not use their own unique information to mislead financial markets.
答案: 【 The manager can control the issuing amount of bonds】
10、单选题：
If shareholders are unhappy with a CEOʹs performance, they are most likely to
选项：
A: buy more shares in an effort to gain control of the firm.
B: file a shareholder resolution.
C: replace the CEO through a grassroots shareholder uprising.
D: sell their shares.
答案: 【 sell their shares.】
TEST1
1、单选题：
Which one of the following terms is defined as the management of a firm's long-term investments?
选项：
A: working capital management
B: financial allocation
C: agency cost analysis
D: capital budgeting
答案: 【 capital budgeting】
2、单选题：
Which one of the following terms is defined as the mixture of a firm's debt and equity financing?
选项：
A: cash management
B: cost analysis
C: capital structure
D: working capital management
答案: 【 capital structure】
3、单选题：
Which one of the following is defined as a firm's short-term assets and its short-term liabilities?
选项：
A: debt
B: working capital
C: investment capital
D: net capital
答案: 【 working capital】
4、单选题：
A business owned by a solitary individual who has unlimited liability for its debt is called a:
选项：
A: sole proprietorship
B: corporation
C: general partnership
D: limited partnership
答案: 【 sole proprietorship】
5、单选题：
A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:
选项：
A: generally partner
B: sole proprietor
C: limited partner
D: corporate shareholder
答案: 【 limited partner】
6、单选题：
Which one of the following best states the primary goal of financial management?
选项：
A: maximize current dividends per share
B: maximize the current value per share
C: increase cash flow and avoid financial distress
D: maintain steady growth while increasing current profits
答案: 【 maximize the current value per share】
7、单选题：
The controller of a corporation generally reports directly to the:
选项：
A: board of directors
B: chairman of the board
C: chief executive officer
D: vice president of finance
答案: 【 vice president of finance】
8、单选题：
Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
选项：
A: articles of incorporation
B: agency problem
C: corporate breakdown
D: legal liability
答案: 【 agency problem】
9、单选题：
Which one of the following parties has ultimate control of a corporation?
选项：
A: shareholders
B: chief executive officer
C: chief operating office
D: chairman of the Board
答案: 【 shareholders】
10、单选题：
Which one of the following statements is correct?
选项：
A: A general partnership is legally the same as a corporation
B: Both sole proprietorship and partnership income is taxed as individual income.
C: Only firms organized as sole proprietorships have limited lives.
D: Partnerships are the most complicated type of business to form.
答案: 【 Both sole proprietorship and partnership income is taxed as individual income.】
2. Introduction of Investment Decisions
Quiz 2
1、单选题：
This afternoon, you deposited $1,000 into a retirement savings account. The account will compound interest at 6 percent annually. You will not withdraw any principal or interest until you retire in forty years. Which one of the following statements is correct?
选项：
A: The interest you earn six years from now will equal the interest you earn ten years from now
B: The interest amount you earn will double in value every year.
C: The total amount of interest you will earn will equal $1,000 × .06 × 40.
D: The present value of this investment is equal to $1,000
答案: 【 The present value of this investment is equal to $1,000】
2、单选题：
You invested $1,400 in an account that pays 5 percent simple interest. How much more could you have earned over a 20-year period if the interest had compounded annually?
选项：
A: $749.22
B: $830.11
C: $914.62
D: $882.19
答案: 【 $914.62】
3、单选题：
Steve just computed the present value of a $10,000 bonus he will receive in the future. The interest rate he used in this process is referred to as which one of the following?
选项：
A: current yield
B: effective rate
C: compound rate
D: discount rate
答案: 【 discount rate】
4、单选题：
Alex invested $10,500 in an account that pays 6 percent simple interest. How much money will he have at the end of four years?
选项：
A: $12,650
B: $13,020
C: $12,967
D: $13,256
答案: 【 $13,020】
5、单选题：
You hope to buy your dream car four years from now. Today, that car costs $82,500. You expect the price to increase by an average of 4.8 percent per year over the next four years. How much will your dream car cost by the time you are ready to buy it?
选项：
A: $98,340.00
B: $100,023.16
C: $99,818.02
D: $99,517.41
E: $98,666.67
答案: 【 $99,517.41】
6、单选题：
Your father invested a lump sum 26 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which totaled $51,480.79. How much did your father originally invest?
选项：
A: $17,444.86
B: $15,929.47
C: $16,500.00
D: $17,500.00
E: $17,999.45
答案: 【 $17,444.86】
7、单选题：
Your older sister deposited $5,000 today at 8.5 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 7 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years?
选项：
A: $401.21
B: $387.78
C: $321.19
D: $413.39
E: $360.43
答案: 【 $360.43】
8、单选题：
One year ago, you invested $1,800. Today it is worth $1,924.62. What rate of interest did you earn?
选项：
A: 6.59 percent
B: 6.67 percent
C: 6.88 percent
D: 6.92 percent
E: 7.01 percent
答案: 【 6.92 percent】
9、单选题：
Some time ago, Julie purchased eleven acres of land costing $36,900. Today, that land is valued at $214,800. How long has she owned this land if the price of the land has been increasing at 6 percent per year?
选项：
A: 28.33 years
B: 29.98 years
C: 30.23 years
D: 31.29 years
E: 32.08 years
答案: 【 30.23 years】
10、单选题：
On your ninth birthday, you received $300 which you invested at 4.5 percent interest, compounded annually. Your investment is now worth $756. How old are you today?
选项：
A: age 29
B: age 30
C: age 31
D: age 32
E: age 33
答案: 【 age 30】
TEST 2
1、单选题：
At an annual interest rate of 7%, the future value of $5,000 in five years is closest to:
选项：
A: $3,565
B: $6,750
C: $7,015
D: $7,015
答案: 【 $7,015】
2、单选题：
At an annual interest rate of 7%, the present value of $5,000 received in five years is closest to:
选项：
A: $3,565
B: $6,750
C: $7,015
D: $7,035
答案: 【 $3,565】
3、单选题：
Which of the following statements is FALSE?
选项：
A: The process of moving a value or cash flow forward in time is known as compounding.
B: The effect of earning interest on interest is known as compound interest.
C: It is only possible to compare or combine values at the same point in time.
D: A dollar in the future is worth more than a dollar today.
答案: 【 A dollar in the future is worth more than a dollar today.】
4、单选题：
Which of the following statements is FALSE?
选项：
A: The equivalent value of two cash flows at two different points in time is sometimes referred to as the time value of money.
B: A dollar today and a dollar in one year are not equivalent.
C: If you want to compare or combine cash flows that occur at different points in time, you first need to convert the cash flows into the same units or move them to the same point in time.
D: Finding the present value and compounding are the same.
答案: 【 Finding the present value and compounding are the same.】
5、单选题：
You are investing $100 today in a savings account at your local bank. Which one of the following terms refers to the value of this investment one year from now?
选项：
A: present value
B: future value
C: discounted value
D: invested principal
答案: 【 future value】
6、单选题：
Tracy invested $1,000 five years ago and earns 4 percent interest on her investment. By leaving her interest earnings in her account, she increases the amount of interest she earns each year. The way she is handling her interest income is referred to as which one of the following?
选项：
A: simplifying
B: compounding
C: accumulation
D: discounting
答案: 【 compounding】
7、单选题：
Sara invested $500 six years ago at 5 percent interest. She spends her earnings as soon as she earns any interest so she only receives interest on her initial $500 investment. Which type of interest is Sara earning?
选项：
A: free interest
B: interest on interest
C: simple interest
D: compound interest
答案: 【 simple interest】
8、单选题：
Shelley won a lottery and will receive $1,000 a year for the next ten years. The value of her winnings today discounted at her discount rate is called which one of the following?
选项：
A: single amount
B: future value
C: present value
D: compounded value
答案: 【 present value】
9、单选题：
Which one of the following statements correctly states a relationship?
选项：
A: Time and present value are inversely related, all else held constant.
B: Time and future values are inversely related, all else held constant.
C: Interest rates and time are positively related, all else held constant.
D: An increase in the discount rate increases the present value, given positive rates.
答案: 【 Time and present value are inversely related, all else held constant.】
10、单选题：
Which one of the following will produce the highest present value interest factor?
选项：
A: 6 percent interest for eight years
B: 8 percent interest for ten years
C: 8 percent interest for five years
D: 6 percent interest for five years
答案: 【 6 percent interest for five years】
TEST 3
1、单选题：
An o