公司理财(英文版)题库.doc

PresentValueandOtherInvestmentRulesMultipleChoiceQuestions:I. PRESENTVALUEa 1. Thedifferencebetweenthepresentvalueofaninvestmentanditscostisthe: a. netpresentvalue. b. internalrateofreturn. c. paybackperiod. d. profitabilityindex. e. discountedpaybackperiod. Difficultylevel:PRESENTVALUERULEc 2. presentvalue(NPV)iscorrect? a. eptedif,andonlyif,theNPVisexactlyequaltozero. b. eptedonlyiftheNPVisequaltotheinitialcashflow. c. eptediftheNPVispositiveandrejectedifitisnegative. d. Aninvestmentwithgreatercashinflowsthancashoutflows,ur,epted. e. epted. Difficultylevel:EasyPAYBACKc 3. Thelengthoftimerequiredforaninvestmenttogeneratecashflowssufficienttorecovertheinitialcostoftheinvestmentiscalledthe: a. netpresentvalue. b. internalrateofreturn. c. paybackperiod. d. profitabilityindex. e. discountedcashperiod. Difficultylevel:EasyPAYBACKRULEa 4. Whichoneofthefollowingstatementsiscorrectconcerningthepaybackperiod? a. eptableifitscalculatedpaybackperiodislessthansomepre-specifiedperiodoftime. b. eptedifthepaybackispositiveandrejectedifitisnegative. c. eptedifitisnegative. d. eptableifitscalculatedpaybackperiodisgreaterthansomepre-specifiedperiodoftime. e. eptedanytimethepaybackperiodislessthanthediscountedpaybackperiod,givenapositivediscountrate. Difficultylevel:EasyDISCOUNTEDPAYBACKe 5. Thelengthoftimerequiredforaproject’sdiscountedcashflowstoequaltheinitialcostoftheprojectiscalledthe: a. netpresentvalue. b. internalrateofreturn. c. paybackperiod. d. discountedprofitabilityindex. e. discountedpaybackperiod. Difficultylevel:EasyDISCOUNTEDPAYBACKRULEd 6. eptprojects: a. whichhaveadiscountedpaybackperiodthatisgreaterthansomepre-specifiedperiodoftime. b. ifthediscountedpaybackispositiveandrejectedifitisnegative. c. onlyifthediscountedpaybackperiodequalssomepre-specifiedperiodoftime. d. ifthediscountedpaybackperiodislessthansomepre-specifiedperiodoftime. e. onlyifthediscountedpaybackperiodisequaltozero. Difficultylevel:OUNTINGRETURNc 7. Aninvestment’edividedbyitsaveragebookvaluedefin