International Financial Management 2nd Edition-Test Bankchapter 19

《International Financial Management 2nd Edition-Test Bankchapter 19》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、InternationalFinancialManagement,2e(Bekaert/Hodrick)Chapter19ManagingNetWorkingCapital19.1MultipleChoiceEasy1)________referstothestockofcurrentassetsheldbyafirmatanypointintime.A)WorkingcapitalB)CashC)MarketablesecuritiesD)AccountsreceivableAnswer:AComment:ThePurposeofNetWorkingCapital,p.6762)W

2、hatisthetermthatreferstoafirm'sstockofcash,marketablesecurities,accountsreceivable,andinventories?A)workingcapitalB)cashC)marketablesecuritiesD)accountsreceivableAnswer:AComment:ThePurposeofNetWorkingCapital,p.6763)Whenthevalueofafirm'scurrentliabilitiesaresubtractedfromitsstockofworkingcapital

3、,theresultingvalueisknownasA)totalworkingcapital.B)grossworkingcapital.C)networkingcapital.D)freeworkingcapital.Answer:CComment:ThePurposeofNetWorkingCapital,p.6764)Onegoalofmanagementistooperatethecorporationefficientlyinorderto________theneedfornetworkingcapital.A)maximizeB)maintainC)eliminat

4、eD)minimizeAnswer:DComment:ThePurposeofNetWorkingCapital,p.6765)Ifthecashafirminvestsinnetworkingcapitaldoesnotearntheweightedaveragecostofcapital,itshouldbe________.A)paidinsteadinreturnstothefirm'sinvestorsB)heldinretainedearningsC)placedinmarketablesecuritiesD)heldascashAnswer:A7Copyright©20

5、12PearsonEducation,Inc.Comment:ThePurposeofNetWorkingCapital,p.6766)Afirmwouldincreaseitsinvestmentinnetworkingcapitalinordertoproduce________.A)dividendsinthefutureB)cashinthefutureC)moremarketablesecuritiesD)largerinventoriesAnswer:BComment:ThePurposeofNetWorkingCapital,p.6767)Whatisthenameof

6、theconditionthatariseswhenthegovernmentofaforeigncountrymakesthenation'scurrencyinconvertible?A)controlledexchangeratesB)managedcurrencyC)blockedfundsD)expropriationAnswer:CComment:ConstraintsonInternationalCashManagement,p.6788)Foramultinationalcorporationwithmanyaffiliatesthroughouttheworld,_

7、_______themanagementoftheshort-termcashbalancesoftheaffiliatesprovidessignificantsavingstothefirm.A)outsourcingoffshoreB)arrangingregionallyC)dispersingD)centralizingAnswer:DComment:CashManagementwithaCentralizedPool,p.6789)Whatis