公司理财习试题库Chap01

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

2、ateofthenetpresentvaluewhenyouconsiderthebestcaseandtheworstcasesituationsiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenSENSITIVITYANALYSISc3.Ananalysisofwhathappenstotheestimateofnetpresentvaluewhenonlyonevariableischangediscalled_____analysis.a.forecasting

3、b.scenarioc.sensitivityd.simulatione.break-evenSIMULATIONANALYSISd4.Ananalysiswhichcombinesscenarioanalysiswithsensitivityanalysisiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenCHAPTER11BREAK-EVENANALYSISe5.Ananalysisoftherelationshipbetweenthesalesvolumeandv

4、ariousmeasuresofprofitabilityiscalled_____analysis.a.forecastingb.scenarioc.sensitivityd.simulatione.break-evenVARIABLECOSTSa6.Variablecosts:a.changeindirectrelationshiptothequantityofoutputproduced.b.areconstantintheshort-runregardlessofthequantityofoutputproduced.c.reflectthechangeinavariabl

5、ewhenonemoreunitofoutputisproduced.d.aresubtractedfromfixedcoststocomputethecontributionmargin.e.formthebasisthatisusedtodeterminethedegreeofoperatingleverageemployedbyafirm.FIXEDCOSTSb7.Fixedcosts:a.changeasthequantityofoutputproducedchanges.b.areconstantovertheshort-runregardlessofthequantit

6、yofoutputproduced.c.reflectthechangeinavariablewhenonemoreunitofoutputisproduced.d.aresubtractedfromsalestocomputethecontributionmargin.e.canbeignoredinscenarioanalysissincetheyareconstantoverthelifeofaproject.MARGINALCOSTSc8.Marginalcosts:a.areusedsolelyforaccountingandtaxpurposes.b.areequalt

7、othetotalcostsdividedbythenumberofunitsproduced.c.reflectchangescreatedbyproducingonemoreunitofoutput.d.arethetotalproductionexpensesofafirmforsomestatedperiodoftime.e.arethevariablecostsincurredovertheentirelifeofaproject.TOTALCOSTSd9.