公司理财(英文版~)题库-7

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1、CHAPTER7NetPresentValueandOtherInvestmentRulesMultipleChoiceQuestions:I.DEFINITIONSNETPRESENTVALUEa1.Thedifferencebetweenthepresentvalueofaninvestmentanditscostisthe:a.netpresentvalue.b.internalrateofreturn.c.paybackperiod.d.profitabilityindex.e.discountedpaybackperiod.Difficultylevel:E

2、asyNETPRESENTVALUERULEc2.Whichoneofthefollowingstatementsconcerningnetpresentvalue(NPV)iscorrect?a.Aninvestmentshouldbeacceptedif,andonlyif,theNPVisexactlyequaltozero.b.AninvestmentshouldbeacceptedonlyiftheNPVisequaltotheinitialcashflow.c.AninvestmentshouldbeacceptediftheNPVispositivean

3、drejectedifitisnegative.d.Aninvestmentwithgreatercashinflowsthancashoutflows,regardlessofwhenthecashflowsoccur,willalwayshaveapositiveNPVandthereforeshouldalwaysbeaccepted.e.Anyprojectthathaspositivecashflowsforeverytimeperiodaftertheinitialinvestmentshouldbeaccepted.Difficultylevel:Eas

4、yPAYBACKc3.Thelengthoftimerequiredforaninvestmenttogeneratecashflowssufficienttorecovertheinitialcostoftheinvestmentiscalledthe:a.netpresentvalue.b.internalrateofreturn.c.paybackperiod.d.profitabilityindex.e.discountedcashperiod.Difficultylevel:EasyPAYBACKRULEa4.Whichoneofthefollowingst

5、atementsiscorrectconcerningthepaybackperiod?a.Aninvestmentisacceptableifitscalculatedpaybackperiodislessthansomepre-specifiedperiodoftime.b.Aninvestmentshouldbeacceptedifthepaybackispositiveandrejectedifitisnegative.c.Aninvestmentshouldberejectedifthepaybackispositiveandacceptedifitisne

6、gative.d.Aninvestmentisacceptableifitscalculatedpaybackperiodisgreaterthansomepre-specifiedperiodoftime.e.Aninvestmentshouldbeacceptedanytimethepaybackperiodislessthanthediscountedpaybackperiod,givenapositivediscountrate.Difficultylevel:EasyDISCOUNTEDPAYBACKe5.Thelengthoftimerequiredfor

7、aproject’sdiscountedcashflowstoequaltheinitialcostoftheprojectiscalledthe:a.netpresentvalue.b.internalrateofreturn.c.paybackperiod.d.discountedprofitabilityindex.e.discountedpaybackperiod.Difficultylevel:EasyDISCOUNTEDPAYBACKRULEd6.Thediscountedpaybackrulestatesthatyoushouldacc