公司理财 习题库 chap011

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1、CHAPTER11CHAPTER11ProjectAnalysisandEvaluationI.DEFINITIONSFORECASTINGRISKa1.Thepossibilitythaterrorsinprojectedcashflowscanleadtoincorrectestimatesofnetpresentvalueiscalled_____risk.a.forecastingb.projectionc.scenariod.MonteCarloe.accountingSCENARIOANALYSISb2.Ananal

2、ysisofwhathappenstotheestimateofthenetpresentvaluewhenyouconsiderthebestcaseandtheworstcasesituationsiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenSENSITIVITYANALYSISc3.Ananalysisofwhathappenstotheestimateofnetpresentvaluewhenonlyo

3、nevariableischangediscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenSIMULATIONANALYSISd4.Ananalysiswhichcombinesscenarioanalysiswithsensitivityanalysisiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenC

4、HAPTER11BREAK-EVENANALYSISe5.Ananalysisoftherelationshipbetweenthesalesvolumeandvariousmeasuresofprofitabilityiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenVARIABLECOSTSa6.Variablecosts:a.changeindirectrelationshiptothequantityofou

5、tputproduced.b.areconstantintheshort-runregardlessofthequantityofoutputproduced.c.reflectthechangeinavariablewhenonemoreunitofoutputisproduced.d.aresubtractedfromfixedcoststocomputethecontributionmargin.e.formthebasisthatisusedtodeterminethedegreeofoperatingleveragee

6、mployedbyafirm.FIXEDCOSTSb7.Fixedcosts:a.changeasthequantityofoutputproducedchanges.b.areconstantovertheshort-runregardlessofthequantityofoutputproduced.c.reflectthechangeinavariablewhenonemoreunitofoutputisproduced.d.aresubtractedfromsalestocomputethecontributionmar

7、gin.e.canbeignoredinscenarioanalysissincetheyareconstantoverthelifeofaproject.MARGINALCOSTSc8.Marginalcosts:a.areusedsolelyforaccountingandtaxpurposes.b.areequaltothetotalcostsdividedbythenumberofunitsproduced.c.reflectchangescreatedbyproducingonemoreunitofoutput.d.a

8、rethetotalproductionexpensesofafirmforsomestatedperiodoftime.e.arethevariablecostsincurredovertheentirelifeofaproject.TOTALCOSTSd9.