公司理财单选题（汉化） .doc

multiple choice questions:chapter 1controllerc1.the person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and information system functions is the:一般的人直接负责监督税收管理、成本会计、财务会计、信息系统的功能是a.treasurer.b.director.c.controller. 控制器d.chairman of the board.e.chief executive officer.treasurera2.the person generally directly responsible for overseeing the cash and credit functions, financial planning, and capital expenditures is the: 一般的人直接负责监管现金和信用功能,财务规划和资本支出是:a.treasurer. 财务主管。b.director.c.controller.d.chairman of the board.e.chief operations officer.capital budgetingd3.the process of planning and managing a firms long-term investments is called: 这个过程的规划和管理一个公司的长期投资被称为:a.working capital management.b.financial depreciation.c.agency cost analysis.d.capital budgeting. 资本预算。e.capital structure.capital structuree4.the mixture of debt and equity used by a firm to finance its operations is called: 债券和股票的混合使用公司以资助其操作被称为:a.working capital management.b.financial depreciation.c.cost analysis.d.capital budgeting.e.capital structure. 资本结构working capital managementa5.the management of a firms short-term assets and liabilities is called: 债券和股票的混合使用公司以资助其操作被称为:a.working capital management. 营运资本管理。b.debt management.c.equity management.d.capital budgeting.e.capital structure.sole proprietorshipb6.a business owned by a single individual is called a: 一个业务属于单个个体被称为:a.corporation.b.sole proprietorship. 个人独资。c.general partnership.d.limited partnership.e.limited liability company.general partnershipc7.a business formed by two or more individuals who each have unlimited liability for business debts is called a: 一个业务由两个或两个以上的人都有无限责任的企业债务的被称为:a.corporation.b.sole proprietorship.c.general partnership. 普通合伙d.limited partnership.e.limited liability company.corporationa9.a business created as a distinct legal entity composed of one or more individuals or entities is called a: 一个业务创建为一个截然不同的法律实体由一个或多个实体或个人被称为:a.corporation. 公司b.sole proprietorship.c.general partnership.d.limited partnership.e.unlimited liability company.limited liability companya12.a business entity operated and taxed like a partnership, but with limited liability for the owners, is called a: 一个业务实体操作和征税像一个伙伴关系,但与有限责任为业主被称为:a.limited liability company. 有限责任公司。b.general partnership.c.limited proprietorship.d.sole proprietorship.e.corporation.financial management goalb13.the primary goal of financial management is to: 财务管理的主要目标是:a.maximize current dividends per share of the existing stock.b.maximize the current value per share of the existing stock. 最大化当前每股价值现有的股票。c.avoid financial distress.d.minimize operational costs and maximize firm efficiency.e.maintain steady growth in both sales and net earnings.chapter 4discounted cash flow valuationannuitya1.an annuity stream of cash flow payments is a set of: 年金流的现金流支付是一组:a.level cash flows occurring each time period for a fixed length of time. 现金流水平发生每个时间段为一个固定的时间长度。b.level cash flows occurring each time period forever.c.increasing cash flows occurring each time period for a fixed length of time.d.increasing cash flows occurring each time period forever.e.arbitrary cash flows occurring each time period for no more than 10 years.annuities duee2.annuities where the payments occur at the end of each time period are called _ , whereas _ refer to annuity streams with payments occurring at the beginning of each time period. 养老金的支付发生在每个时间段的结束被称为_,而_指年金流与支付发生在每个时间段的开始。a.ordinary annuities; early annuitiesb.late annuities; straight annuitiesc.straight annuities; late annuitiesd.annuities due; ordinary annuitiese.ordinary annuities; annuities due普通的年金保险,养老金到期perpetuityc3.an annuity stream where the payments occur forever is called a(n): 年金流去支付发生永远是称为a.annuity due.b.indemnity.c.perpetuity. 永久d.amortized cash flow stream.e.amortization table.stated interest ratesa4.the interest rate expressed in terms of the interest payment made each period is called the _ rate. 利率的形式表达利息支付给每个时期被称为_率。a.stated annual interest表示年息pound annual interestc.effective annual interestd.periodic intereste.daily interesteffective annual ratec5.the interest rate expressed as if it were compounded once per year is called the _ rate. 利率表示为如果每年复合一旦被称为_率。a.stated pound interestc.effective annual有效的年度d.periodic intereste.daily interestannual percentage rateb6.the interest rate charged per period multiplied by the number of periods per year is called the _ rate. 收取的利率每周期乘以数量每年的时期被称为_率。a.effective annualb.annual percentage年度百分比c.periodic pound intereste.daily interestchapter 5interest rate and bond valuationcoupona1.the stated interest payment, in dollars, made on a bond each period is called the bonds: 规定的利息支付,在美元债券,每个时期被称为债券的:a.coupon. 优惠券b.face value.c.maturity.d.yield to maturity.e.coupon rate.face valueb2.the principal amount of a bond that is repaid at the end of the loan term is called the bonds: 校长数量的债券,来偿还贷款期限结束时被称为债券的:a.coupon.b.face value. 票面价值。c.maturity.d.yield to maturity.e.coupon rate.maturityc3.the specified date on which the principal amount of a bond is repaid is called the bonds: 指定的日期债券的本金偿还叫做债券的:a.coupon.b.face value.c.maturity. 成熟。d.yield to maturity.e.coupon rate.yield to maturityd4.the rate of return required by investors in the market for owning a bond is called the: 所要求的回报率的投资者在市场拥有一个债券被称为:a.coupon.b.face value.c.maturity.d.yield to maturity. 到期收益率。e.coupon rate.coupon ratee5.the annual coupon of a bond divided by its face value is called the bonds: 一年一度的债券的票面利率除以它的面值被称为债券的:a.coupon.b.face value.c.maturity.d.yield to maturity.e.coupon rate. 票面利率par bondsa6.a bond with a face value of $1,000 that sells for $1,000 in the market is called a _ bond. 一个债券帐面价值1000美元,售价为1000美元的市场被称为_债券。a.par value票面价值b.discountc.premiumd.zero coupone.floating ratediscount bondsb7.a bond with a face value of $1,000 that sells for less than $1,000 in the market is called a _ bond. 一个债券帐面价值1000美元,售价不到1000美元的市场被称为_债券。a.parb.discount折扣c.premiumd.zero coupone.floating ratepremium bondsc8.a bond with a face value of $1,000 that sells for more than $1,000 in the market is called a _ bond. 一个债券帐面价值1000美元,售价超过1000美元的市场被称为_债券。a.parb.discountc.premium溢价d.zero coupone.floating ratechapter 6stock valuationgrowing perpetuitya1.an asset characterized by cash flows that increase at a constant rate forever is called a: 一个资产特点是现金流,以恒定速率增加永远被称为:a.growing perpetuity. 永久增长b.growing mon annuity.d.perpetuity due.e.preferred stock.dividend growth modelb2.the stock valuation model that determines the current stock price by dividing the next annual dividend amount by the excess of the discount rate less the dividend growth rate is called the _ model. 股票估值模型,确定当前股票价格除以第二年度股息金额被过量的折现率的减少股息增长率被称为_模型。a.zero growthb.dividend growth股息增长c.capital pricingd.earnings capitalizatione.discounted dividenddividend yieldc3.next years annual dividend divided by the current stock price is called the: 明年的年度股息除以当前股票价格被称为:a.yield to maturity.b.total yield.c.dividend yield. 股息率。d.capital gains yield.e.earnings yield.capital gains yieldd4.the rate at which a stocks price is expected to appreciate (or depreciate) is called the _ yield. 率,一个股票的价格预计将升值(或贬值)称为_屈服。a.currentb.totalc.dividendd.capital gains资本收益e.earningspreferred stockd5.a form of equity which receives preferential treatment in the payment of dividends is called _ stock. 一种股票,接收优惠待遇的支付股息叫做_股票。a.dual classb.cumulativec.deferredd.preferred首选monpreferred stocke6.a _ is a form of equity security that has a stated liquidating value. 一个_是一种股票,有一个既定的清算价值mon stocke.preferred stock优先股difficulty level: mediumcommon stocke7.a form of equity which receives no preferential treatment in either the payment of dividends or in bankruptcy distributions is called _ stock. 一种形式的投资,没有收到优惠待遇的支付股息或要么在破产发行版被称为_股票。a.dual mon常见dividendsc12.payments made by a corporation to its shareholders, in the form of either cash, stock or payments in kind, are called: 支付由公司股东的形式或者现金、股票或付款的方式,被称为:a.retained income.c.dividends. 股息。d.redistributions.e.infused equity.primary markete13.the market in which new securities are originally sold to investors is called the _ market. 市场在这新的证券出售给投资者最初称为_市场。a.dealerb.auctionc.over-the-counterd.secondarye.primary主要secondary marketd14.the market in which previously issued securities are traded among investors is called the _ market. 此前市场发行证券投资者的交易称为_市场。a.dealerb.auctionc.over-the-counterd.secondary二次e.primarychapter 10risk and return lessons from market historyrisk premiuma1.the excess return required from a risky asset over that required from a risk-free asset is called the: 所需的超额回报从风险资产,需要从一个无风险资产被称为:a.risk premium. 风险溢价b.geometric premium.c.excess return.d.average return.e.variance.varianceb2.the average squared difference between the actual return and the average return is called the: 平均平方区别实际的回报和平均回报被称为:a.volatility return.b.variance. 方差c.standard deviation.d.risk premium.e.excess return.standard deviationc3.the standard deviation for a set of stock returns can be calculated as the: 标准偏差为一组股票收益可以计算为:a.positive square root of the average return.b.average squared difference between the actual return and the average return.c.positive square root of the variance. 积极的平方根的方差。d.average return divided by n minus one, where n is the number of returns.e.variance squared.geometric average returnd5.the average compound return earned per year over a multi-year period is called the _ average return. 平均每年复合回报在多年期称为_平均回报。a.arithmeticb.standardc.variantd.geometric几何e.realdifficulty level: mediumarithmetic average returna6.the return earned in an average year over a multi-year period is called the _ average return. 返回挣平均每年超过一个多年期称为_平均回报。a.arithmetic算术b.standardc.variantd.geometrice.realrisk premiumc7.the excess return you earn by moving from a relatively risk-free investment to a risky investment is called the: 你赚的超额回报由从相对无风险投资高风险的投资被称为:a.geometric average return.b.inflation premium.c.risk premium. 风险溢价。d.time premium.e.arithmetic average return.total returne8.the capital gains yield plus the dividend yield on a security is called the: 资本收益的收益和股息收益率安全被称为:a.variance of returns.b.geometric return.c.average period return.d.current yield.e.total return. 总回报。chapter 11return and risk: the capital asset pricing model (capm)portfoliosa1.a portfolio is: 一个投资组合是:a.a group of assets, such as stocks and bonds, held as a collective unit by an investor.一群资产,如股票和债券,持有作为一个集体单位由一个投资者。b.the expected return on a risky asset.c.the expected return on a collection of risky assets.d.the variance of returns for a risky asset.e.the standard deviation of returns for a collection of risky assets.portfolio weightsb2.the percentage of a portfolios total value invested in a particular asset is called that assets: 一个投资组合的比例的投资总额在一个特定的资产被称为资产的:a.portfolio return.b.portfolio weight. 组合重量。c.portfolio risk.d.rate of return.e.investment value.systematic riskc3.risk that affects a large number of assets, each to a greater or lesser degree, is called _ risk. 风险影响到大量的资产,每一个都或多或少,叫做_风险。 a.idiosyncraticb.diversifiablec.systematic系统d.asset-specifice.totalunsystematic riskd4.risk that affects at most a small number of assets is called _ risk.风险影响最多少量的资产被称为_风险。a.portfoliob.undiversifiablec.marketd.unsystematic杂乱无章e.totalsystematic risk principleb6.the _ tells us that the expected return on a risky asset depends only on that assets no diversifiable risk. 这个_告诉我们的预期回报率高风险资产只取决于这些资产的没有可分散风险。a.efficient markets hypothesis (emh)b.systematic risk principle系统性风险原则c.open markets theoremd.law of one pricee.principle of diversificationbeta coefficienta7.the amount of systematic risk present in a particular risky asset, relative to the systematic risk present in an average risky asset, is called the particular assets:系统风险的数量出现在一个特定的高风险资产,相对于系统性风险存在于平均风险资产,称为特定资产的:a.beta coefficient. 系数b.reward-to-risk ratio.c.total risk.d.diversifiable risk.e.treynor index.security market lined8.the linear relation between an assets expected return and its beta coefficient is the: 一个资产之间的线性关系的预期回报及其系数是:a.reward-to-risk ratio.b.portfolio weight.c.portfolio risk.d.security market line. 证券市场线。e.market risk premium.chapter 12risk, cost of capital, and capital budgetingwacce1.the weighted average of the firms costs of equity, preferred stock, and after tax debt is the: 加权平均成本的公司的股票、优先股和纳税后债务是这个:a.reward to risk ratio for the firm.b.expected capital gains yield for the stock.c.expected capital gains yield for the firm.d.portfolio beta for the firm.e.weighted average cost of capital (wacc). 加权平均资本成本(wacc)。capmb2.if the capm is used to estimate the cost of equity capital, the expected excess market return is equal to the如果capm是用来估计的权益资本成本,预计过剩的市场回报等于a.return on the stock minus the risk-free rate. b.difference between the return on the market and the risk-free rate. 区别在市场上的回报和无风险利率。c.beta times the market risk premium. d.beta times the risk-free rate. e.market rate of return. characteristic linec3.the best fit line of pairwise plot of the returns of the security against the market index returns is called the最适合行成对地阴谋的安全的返回对市场指数收益率称为a.security market line. b.capital market line. c.characteristic line. d.risk line. 风险线e.none of the above. chapter 14capital structure: basic conceptsmm proposition ib2.the proposition that the value of the firm is independent of its capital structure is called: 这个命题,公司的价值是独立于其资本结构被称为:a.the capital asset pricing model.b.mm proposition i.c.mm proposition ii.d.the law of one price.e.the efficient markets hypothesis.mm proposition iic3.the proposition that the cost of equity is a positive linear function of capital structure is called: 这个命题,股权成本是一个积极的线性函数的资本结构被称为:a.the capital asset pricing model.b.mm proposition i.c.mm proposition ii.d.the law of one price.e.the efficient markets hypothesis.difficulty level: mediuminterest tax shielda4.the tax savings of the firm derived from the deductibility of interest expense is called the: 该公司的储蓄税源自的减免利息费用被称为:erest tax shield. 利益税盾b.depreciable basis.c.financing umbrella.d.current yield.e.tax-loss carryforward savings.capital structure definitiond8.the firms capital structure refers to该公司的资本结构指a.the way a firm invests its assets. b.the amount of capital in the firm. c.the amount of dividends a firm pays. d.the mix of debt and equity used to finance the firms assets. 债券和股票的混合用于金融公司的资产。e.how much cash the firm holds. chapter 15capital structure: limits to the use of debtdirect bankruptcy costsc1.the explicit costs, such as the legal expenses, associated with corporate default are classified as _ costs. 明确的成本,如法律费用、相关与企业违约分为_成本。a.flotationb.beta conversionc.direct bankruptcy直接破产d.indirect bankruptcye.unleveredindirect bankruptcy costsc2.the costs of avoiding a bankruptcy filing by a financially distressed firm are classified as _ costs. 成本的避免申请破产的金融公司被归类为_成本。a.flotationb.direct bankruptcyc.indirect bankruptcy间接破产d.financial solvencye.capital structurefinancial distress costse3.the explicit and implicit costs associated with corporate default are referred to as the _ costs of a firm. 显式和隐式的相关成本的企业违约是称为_成本的公司。a.flotation b.default betac.direct bankruptcyd.indirect bankruptcye.financial distress财务困境bankruptcyb6.the legal proceeding for liquidating or reorganizing a firm operating in default is called a: 法律诉讼对清算或重组公司操作在默认被称为:a.tender offer.b.bankruptcy. 破产。xy fight.accounting insolvencyd8.a firm that has negative net worth is said to be: 一个公司负净值是:a.experiencing a business failure.b.in legal bankruptcy.c.experiencing technical insolvency.d.experiencing accounting insolvency. 经历会计破产。e.in chapter 11 bankruptcy reorganization.capital structured10.the value of a firm is maximized when the: 一个公司的价值最大化当:a.cost of equity is maximized.btax rate is zero.c.levered cost of capital is maximized.d.weighted average cost of capital is minimized. 加权平均资本成本最小化。e.debt-equity ratio is minimized.capital structuree11.the optimal capital structure has be