罗斯公司理财英文练习题附带答案第九章十一月整理.doc

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罗斯公司理财英文练习题附带答案第九章十一月整理

CHAPTER11
1
CHAPTER9
RiskAnalysis,RealOptions,andCapitalBudgeting
MultipleChoeQuestions:
I. DEFINITIONS
SCENARIOANALYSIS
b 1. Ananalysisofwhathenstotheestimateofthepresentvaluewhenyoueamineanumberofdifferentlikelysituationsiscalled
analysis. a. forecasting
b. scenario
c. sensitivity
d. simulation
e. break-even
Diffultylevel:Easy
SENSITIVITYANALYSIS
c 2. Ananalysisofwhathenstotheestimateofpresentvaluewhenonlyonevariableischangediscalled
analysis. a. forecasting
b. scenario
c. sensitivity
d. simulation
e. break-even
Diffultylevel:Easy
SIMULATIONANALYSIS
d 3. Ananalysiswhhbinesscenarioanalysiswithsensitivityanalysisiscalled
analysis. a. forecasting
b. scenario
c. sensitivity
d. simulation
e. break-even
Diffultylevel:Easy
BREAK-EVENANALYSIS
e 4. Ananalysisoftherelationshipbetweenthesalesvolumeandvariousmeasuresofprofitabilityiscalled
analysis. a. forecasting
b. scenario
c. sensitivity
d. simulation
e. break-even
Diffultylevel:Easy
VARIABLECOSTS
a 5. Variablecosts:
a. changeindirectrelationshiptothequantityofoutputproduced. b. areconstantintheshort-runregardlessofthequantityofoutputproduced. c. reflectthechangeinavariablewhenonemoreunitofoutputisproduced. d. aresubtractedfromfiedcoststoputethecontributionmarn. e. formthebasisthatisusedtodeterminethedegreeofoperatingleverageemployedbyafirm. Diffultylevel:Easy
FIEDCOSTS
b 6. Fiedcosts:
a. changeasthequantityofoutputproducedchanges. b. areconstantovertheshort-runregardlessofthequantityofoutputproduced. c. reflectthechangeinavariablewhenonemoreunitofoutputisproduced. d. aresubtractedfromsalestoputethecontributionmarn. e. canbeignoredinscenarioanalysissincetheyareconstantoverthelifeofaproject. Diffultylevel:Easy
ACCOUNTINGBREAK-EVEN
c 7. Thesaleslevelthatresultsinaproject’sineeactlyequalingzeroiscalledthe
break-even. a. operational
b. leveraged
c. accounting
d. cash
e. presentvalue
Diffultylevel:Easy
PRESENTVALUEBREAK-EVEN
e 8. Thesaleslevelthatresultsinaproject’spresentvalueeactlyeq