公司理财(英文版)试题库7

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

2、evel:EasyNETPRESENTVALUERULEc2.Whichoneofthefollowingstatementsconcerningnetpresentvalue(NPV)iscorrect?a.Aninvestmentshouldbeacceptedif,andonlyif,theNPVisexactlyequaltozero.b.AninvestmentshouldbeacceptedonlyiftheNPVisequaltotheinitialcashflow.c.AninvestmentshouldbeacceptediftheNPV

3、ispositiveandrejectedifitisnegative.d.Aninvestmentwithgreatercashinflowsthancashoutflows,regardlessofwhenthecashflowsoccur,willalwayshaveapositiveNPVandthereforeshouldalwaysbeaccepted.e.Anyprojectthathaspositivecashflowsforeverytimeperiodaftertheinitialinvestmentshouldbeaccepted.D

4、ifficultylevel:EasyPAYBACKc3.Thelengthoftimerequiredforaninvestmenttogeneratecashflowssufficienttorecovertheinitialcostoftheinvestmentiscalledthe:a.netpresentvalue.b.internalrateofreturn.c.paybackperiod.d.profitabilityindex.e.discountedcashperiod.Difficultylevel:EasyPAYBACKRULEa4.

5、Whichoneofthefollowingstatementsiscorrectconcerningthepaybackperiod?a.Aninvestmentisacceptableifitscalculatedpaybackperiodislessthansomepre-specifiedperiodoftime.b.Aninvestmentshouldbeacceptedifthepaybackispositiveandrejectedifitisnegative.c.Aninvestmentshouldberejectedifthepaybac

6、kispositiveandacceptedifitisnegative.d.Aninvestmentisacceptableifitscalculatedpaybackperiodisgreaterthansomepre-specifiedperiodoftime.e.Aninvestmentshouldbeacceptedanytimethepaybackperiodislessthanthediscountedpaybackperiod,givenapositivediscountrate.Difficultylevel:EasyDISCOUNTED

7、PAYBACKe5.Thelengthoftimerequiredforaproject’sdiscountedcashflowstoequaltheinitialcostoftheprojectiscalledthe:a.netpresentvalue.b.internalrateofreturn.c.paybackperiod.d.discountedprofitabilityindex.e.discountedpaybackperiod.Difficultylevel:EasyDISCOUNTEDPAYBACKRULEd6.Thediscounted

8、paybackrulestatesthatyoushouldacc