大学MOOC 公司金融-连英祺-31050043-03(东北财经大学)1461164177 最新慕课完整章节测试答案

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.】

Quiz 3

1、单选题：
Which of the following statements is FALSE?‍‍‍
选项：
A: About 75% of firms surveyed used the NPV rule for making investment decisions.
B: If you are unsure of your cost of capital estimate, it is important to determine how sensitive your analysis is to errors in this estimate.
C: To decide whether to invest using the NPV rule, we need to know the cost of capital.
D: NPV is positive only for discount rates greater than the internal rate of return.
答案: 【 NPV is positive only for discount rates greater than the internal rate of return.】

2、单选题：
‌Sarah Palin reportedly was paid a $11 million advance to write her book Going Rogue. The book took one year to write. In the time she spent writing, Palin could have been paid to give speeches and appear on TV news as a political commentator. Given her popularity, assume that she could have earned $8 million over the year (paid at the end of the year) she spent writing the book.  Assume that she was unable to fulfill her media commitments of appearing on TV news as a political commentator or give speeches. while she was writing the book. Assuming that Palin's cost of capital is 10%, then the NPV of her book deal is closest to:‌
选项：
A: $2.00 million
B: $2.20 million
C: $3.00 million
D: $3.75 million
答案: 【 $3.75 million】

3、单选题：
Sarah Palin reportedly was paid a $11 million advance to write her book Going Rogue. The book took one year to write. In the time she spent writing, Palin could have been paid to give speeches and appear on TV news as a political commentator. Given her popularity, assume that she could have earned $8 million over the year (paid at the end of the year) she spent writing the book.  Assume that she was unable to fulfill her media commitments of appearing on TV news as a political commentator or give speeches. while she was writing the book.​The IRR of Palin's book deal is closest to:​
选项：
A: -27.25%
B: -37.50%
C: 27.25%
D: 37.50%
答案: 【 -27.25%】

4、单选题：
‏The NPV profile‎
选项：
A: shows the payback period - the point at which NPV is positive.
B: shows the internal rate of return - the point at which NPV is zero.
C: shows the NPV over a range of discount rates.
D: B and C are correct.
答案: 【 B and C are correct.】

5、单选题：
Rearden Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rearden metal. The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance. The number of potential IRRs that exist for Rearden's mining operation is equal to:‎‎‎
选项：
A: 0
B: 1
C: 2
D: 12
答案: 【 2】

6、单选题：
Which of the following statements is FALSE?​‍​
选项：
A: The IRR investment rule will identify the correct decision in many, but not all, situations.
B: By setting the NPV equal to zero and solving for r, we find the IRR.
C: If you are unsure of your cost of capital estimate, it is important to determine how sensitive your analysis is to errors in this estimate.
D: The simplest investment rule is the NPV investment rule.
答案: 【 The simplest investment rule is the NPV investment rule.】

7、单选题：
When using the internal rate of return (IRR) investment rule, we compare:​
选项：
A: the average return on the investment opportunity to returns on all other investment opportunities in the market.