CHAPTER_16_CAPITAL_STRUCTURE_DECISIONS

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1、CHAPTER16—CAPITALSTRUCTUREDECISIONS1. Differentborrowershavedifferentrisksofbankruptcy,andbankruptcyiscostlytolenders.Therefore,lenderschargehigherratestoborrowersjudgedtobemoreatriskofgoingbankrupt. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  I

2、NTE.GENE.16.104-LO:16-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  BankruptcycostsKEYWORDS:  Bloom’s:Knowledge2. Afirm'sbusinessriskislargelydeterminedbythefinan

3、cialcharacteristicsofitsindustry,especiallybytheamountofdebttheaveragefirmintheindustryuses. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.105-LO:16-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  Unite

4、dStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  BusinessriskKEYWORDS:  Bloom’s:Knowledge3. Financialriskreferstotheextrariskstockholdersbearasaresultofusingdebtascomparedwiththerisktheywouldbearifnodebtwereused. a. True b. FalseANSWER:  TruePOINTS:

5、  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.105-LO:16-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  FinancialriskKEYWORDS:  Bloom’s:Knowledg

6、e4. Asthetextindicates,afirm'sfinancialriskhasidentifiablemarketriskanddiversifiableriskcomponents. a. True b. FalseCengageLearningTesting,PoweredbyCogneroPage 39CHAPTER16—CAPITALSTRUCTUREDECISIONSANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.105-LO

7、:16-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  FinancialriskKEYWORDS:  Bloom’s:Knowledge5. Afirm'scapitalstructuredoesnotaffectit