雨课堂学堂在线学堂云《Engineering Economy（桂林理工大学）》单元测试考核答案

EngineeringEconomy第1题Thethreekeyelementsofcashflowinacashflowdiagraminclude()AThesize,direction,andtimingofcashinflowsBTheamountofcashinvestment,timing,andrecoverypointCThesize,direction,andtimingofcashflowDTheamount,direction,andtimingofcashoutflows第2题Whenusingengineeringeconomicanalysistoprocesscashflowdiagrams,theconstructioninvestmentoccurringatthebeginningofyear4shouldbemarkedasAAdownwardarrowattimepoint4BAnupwardarrowattimepoint4CAnupwardarrowattimepoint3DAdownwardarrowattimepoint3第3题Whichofthefollowingstatementsaboutthedrawingrulesforcashflowdiagramsiscorrect?()AForinvestors,arrowsabovethetimeaxisrepresentcashoutflows.BThelengthofthearrowsisunrelatedtothesizeofthecashflow.CThepointwherethearrowintersectsthetimeaxisrepresentsthetimepointofthecashflow.DPointsonthetimeaxisgenerallyrepresentthestartingtimeofthetimeunit.第4题Whichofthefollowingcancomprehensively,clearly,andintuitivelyrepresentthestateoffundmovementsinaneconomicsystem?()ACashflowstatementorcashflowdiagramBOnlycashflowdiagramCOnlycashflowstatementDCashflowfunction第5题Thearrowsabovethehorizontalaxisofthecashflowdiagramrepresentcashoutflows.()第6题Thenatureofcashflowsisthesamefordifferentpeople.()第7题Whendrawingacashflowdiagram,itisgenerallystipulatedthat:anupwardarrowrepresentscashinflow,andadownwardarrowrepresentscashoutflow.()第1题Apieceofequipmenthasadepreciationperiodof10years.Whenusingthedoubledecliningbalancemethod,theannualdepreciationrateis:A1/2B1/5C1/8D1/10第2题Whichofthefollowingmethodsisconsidereda"fastdepreciation"method?AAveragelifemethodBWorkloadmethodCStraight-linedepreciationmethodDSum-of-the-years'-digitsmethod第3题Aconstructionmachinehasabudgetedpriceof500,000yuan,assumingallofitisfixedassetoriginalcost,withadepreciationperiodof10years.Theaverageannualworkis225shifts,andtheresidualvaluerateis5%.Usingtheaveragelifemethod,thedepreciationpershiftforthismachineisA211yuanpershiftB222yuanpershiftC2,110yuanpershiftD2,220yuanpershift第4题Foraplan,inacertainyear,theoperatingincomeis1millionyuan,taxesandsurchargesare40,000yuan,operatingcostsare400,000yuan,depreciationis160,000yuan,andtheloanprincipalrepaymentis100,000yuan,withinterestof40,000yuan.Theincometaxrateis25%.ThenetcashflowforthatyearisA140,000yuanB300,000yuanC360,000yuanD460,000yuan第5题Theassetvalueofapieceofequipmentis24,000yuan,withanexpectedresidualvalueof4,000yuanandcleaningcostsof2,000yuan.Thedepreciationperiodis7years.Usingthesum-of-the-years'-digitsmethod,thedepreciationamountforthefirstyearis()A0.45millionyuanB0.55millionyuanC0.65millionyuanD0.48millionyuan第6题Afixedassethasanoriginalpriceof2,400yuan,anexpectednetresidualvalueof300yuan,andanexpectedservicelifeof6years.Usingthedoubledecliningbalancemethod,thedepreciationforthefirstyearisA350yuanB400yuanC700yuanD800yuan第7题Thedepreciationamountcalculatedusingtheunits-of-productionmethodisthesameeveryyear.第8题Enterprisescanchoosethemethodofdepreciationcalculation.第9题Thenetvalueoffixedassetsequalstheoriginalvalueofthefixedassetsminusaccumulateddepreciation.第10题Thenetvalueofenterprisefixedassetsdecreasesovertime.【Assignment】01Netcashflowcalculation【Exercise】2.1OverviewoftheTimeValueofMoney第1题Thestatement"Oneyuantodayisworthmorethanoneyuaninthefuture"illustratesATheprincipleofopportunitycostBTheprincipleofincrementalanalysisCTheprincipleofcashflowDTheprincipleofthetimevalueofmoney第2题ThecorrectstatementaboutthetimevalueofmoneyisAThetimevalueofmoneyistheresultoffundscirculatingandbeingusedovertimeBThetimevalueofmoneyisunrelatedtotheamountofmoneyCThetimevalueofmoneyisinverselyproportionaltothespeedoffundturnoverDTheinterestrateistheabsolutescaleformeasuringthetimevalueofmoney第3题Thedifferencebetweensimpleinterestandcompoundinterestis()ASimpleinterestiscalculatedonlyontheprincipal,whilecompoundinterestiscalculatedonbothprincipalandinterestBThetwohavedifferentinterestperiodsCSimpleinterestconsiderstheinterestperiod,whilecompoundinterestdoesnotDIncompoundinterest,thenominalinterestrateisequaltotheeffectiveinterestrate第4题Inengineeringeconomicanalysis,interestrefersto()AThecostpaidduetoinflationBTheexpectedreturnonfundsusedCTheriskundertakenfromborrowingfundsDThecompensationfornotusingfunds第5题Theinterestrateisthe()AStandardformeasuringchangesinthevalueofmoneyBOverallleveloffundsCAbsolutescalefortimevalueofmoneyDRelativescalefortimevalueofmoney第6题If100yuanattimejisrepresentedas(j,100),thefollowingequivalenceisdefinitelyincorrect,consideringthetimevalueofmoneyA(0,110)=(1,100)B(1,100)=(3,130)C(3,110)=(2,100)D(j,100)=(j+1,108)【Exercise】2.2NominalandEffectiveInterestRates第1题Thenominalannualinterestrateis12%,andinterestiscompoundedcontinuously.Whatistheactualannualinterestrate?A12.36%B12.68%C12.75%D12.97%第2题ThemethodofcontinuouscompoundingisreferredtoasAContinuouscompoundinterestBDiscretecompoundinterestCIntermittentcompoundinterestDSimpleinterest第3题Aloanhasanominalannualinterestrateof10%,compoundedquarterly.Whatistheeffectiveinterestrateperquarter?()A2.41%B2.50%C2.52%D3.23%第4题Amongthefollowing,whichsatisfiestheconditionwheretheannualeffectiveinterestrateisgreaterthanthenominalinterestrate?()AInterestperiodlessthanoneyearBInterestperiodequaltooneyearCInterestperiodgreaterthanoneyearDInterestperiodlessthanorequaltooneyear第5题Withafixednominalinterestrate,theshorterthecompoundingperiod,thesmallerthedifferencebetweentheeffectiveannualinterestrateandthenominalinterestrate.第6题Thelargerthenumberofcompoundingperiods,thesmallertheinterestrateperperiod,andthelargertheeffectiveannualinterestrate.()【Exercise】2.3BasicConceptsofFundEquivalenceCalculation第1题Acertaininvestmentplaninvolvesfullcapitalinvestment,withconstantinvestmentandannualreturn.Therearefouroptionsavailable,witheachplan’sannualinvestmentratioasshowninTable2-3.Allinvestmentsaremadeatthebeginningofeachyear.ThemostadvantageousplanfortheinvestorisPlanFirstYearSecondYearThirdYearTotalPlan150%40%10%100%Plan240%40%20%100%Plan330%40%30%100%Plan410%40%50%100%APlan1BPlan2CPlan3DPlan4第2题Undertheinfluenceofthetimevalueofmoney,thefollowingcashflowdiagram(inunitsoftenthousandyuan)couldbeequivalenttoaninflowof10millionyuanattheendofthe2ndperiod()ABCD第3题Apersonsavesforretirementbydepositing10,000yuanattheendofeachyear,withacompoundinterestrateof10%peryear.After10years,thetotalretirementsavingswillbe()A100,000yuanB159,374yuanC154,826yuanD2,597yuan第4题Whenconsideringthetimevalueofmoney,twoamountsofmoneyoccurringatdifferenttimesmaynotbeequivalentiftheirvaluesareunequal.()第5题Ifamountsofmoneyatdifferenttimesareequivalent,theymaynotbeequalatanysametimepoint.()【Exercise】2.3EquivalenceCalculationofFunds(P-F-A)第1题Basedontheconceptofthetimevalueofmoney,(P/A,i,n)=(F/A,i,n)×()A(A/F,i,n)B(P/F,i,n)C(F/P,i,n)D(P/A,i,n)第2题If1millionyuanisinvestednowandtheexpectedannualreturnrateis10%,withequalannualrepaymentsfor5years,theannualamounttoberecoveredisA16.38millionyuanB26.38millionyuanC62.09millionyuanD75.82millionyuan第3题If5,000yuaniswithdrawnattheendofeachyearfor5years,witha12%annualinterestrateandcompoundedsemi-annually,howmuchshouldbedepositednow()A3,529yuanB3,605yuanC4,060yuanD5,070yuan第4题Aprojectinitiallyinvestsasumofmoney,takes2yearstocomplete,andthenproducesanetannualincomeof50,000yuanfor10years.Iftheinitialinvestmentcanbefullyrecoveredata10%discountrate,theinitialinvestmentamountis()A253,910yuanB307,250yuanC350,250yuanD500,000yuan第5题IntheformulaA=P(A/P,i,n),Pshouldoccurat()ATheperiodbeforethefirstequalpaymentBThesameperiodasthelastequalpaymentCThemomentofthefirstequalpaymentDAnymoment第6题Acompanyborrows5millionyuanatthebeginningofeachyearfor3consecutiveyears,withanannualinterestrateof10%,compoundedannually.Thetotalamounttoberepaidattheendofthethirdyearis()A16.55millionyuanB18.00millionyuanC18.15millionyuanD18.20millionyuan第7题Apersonsavesforretirementbydepositing1,000yuanattheendofeachyear,withabankinterestrateof10%.After10years,histotalretirementsavingswillbeequalto1,000multipliedby()A(A/F,0.1,10)B(F/A,0.1,10)C(A/P,0.1,10)D(P/F,0.1,10)第8题If1000RMBisdepositedinabankwith6%compoundinterest,thefuturevalueafterthreeyearsisF=1000×(F/A,6%,3).()第9题Foraloanof2millionRMBwithan8%interestrate,compoundedsemi-annually,thelumpsumrepaymentattheendofyear6isequalto200×(F/P,8%,6).()第10题Inthepresentvalueofequalpaymentsformula,thefirstpaymentismadeatthebeginningofthefirstperiod.()【Exercise】2.5ProblemofNon-UniformPaymentSeries第1题Apropertyhasafinalrentalincomeof200,000yuanafter10years,withanannualrentalincreaserateof6%.Therentispaidattheendofeachyear,andtheannualinterestrateis6%.Therentattheendofthefifthyearis()A14,945.16yuanB15,841.87yuanC26,764.51yuanD28,370.38yuan第2题Acompanyadoptsnewtechnology,anditsannualprofitincreaseseachyear.Thefirstyear'sprofitis200,000yuan,andeachsubsequentyearincreasesby80,000yuan.Withaninterestrateof10%,theannualprofitintheseventhyearisAA=20+8×(A/G,10%,8)BA=20+8×(A/G,10%,7)CA=20+8×(A/G,10%,6)DA=20+8×(G/A,10%,7)第3题Adepositismadeatthebeginningofeachyear(asshowninthediagram),withaninterestrateof8%compoundedannually.ThetotalamountthatcanbewithdrawnattheendofthefifthyearisA793.45yuanB1,016.82yuanC1,625.53yuanD1,723.06yuan【Exercise】2.6LoanRepaymentProblem第1题Acompanyborrows20millionyuaninalumpsumusingsimpleinterestforaperiodof3years,withanannualinterestrateof8%.Theamounttoberepaidattheendofthethirdyearis()A21.60millionyuanB22.40millionyuanC24.80millionyuanD25.19millionyuan第2题Abankoffersapersonalhousingmortgageloantoafamilywithanannualinterestrateof6%,withmonthlyequalpaymentsover10years.Ifthemonthlypaymentis7,000yuan,theprincipalpaidinthelastmonthofthefifthyearis()A5,142.74yuanB5,475.37yuanC5,163.96yuanD7,000.00yuan第3题Acompanyborrows20millionyuanatthebeginningoftheyear,withannualcompoundingataninterestrateof8%.Afterthreeyears,12millionyuanisrepaid,andtheremainingprincipalandinterestarepaidoffattheendofthefifthyear.Therepaymentamountattheendofthefifthyearis()A13.88millionyuanB14.84millionyuanC15.38millionyuanD17.38millionyuan第4题Astudentreceivesastudentloanof12,000yuanannually.After4years,heowes48,000yuan(interestduringschooliscoveredbythestate)andplanstostartrepayingoneyearaftergraduation,repayingover6years.Theannualrepaymentamountis()A8,000yuanB9,261yuanC9,664yuanD10,187yuan【Exercise】2.7FunctionsforCompoundInterestCalculationsinExcel第1题InthefunctionPV(i,n,A,F,type),the"type"parameterdefaultstoavalueandgenerallydoesnotneedtobeexplicitlywritten.A0B1C-1D2【Assignment】02EquivalenceCalculationofFunds【Exercise】3.1OverviewofEconomicEvaluationofEngineeringProjects第1题Whichofthefollowingisadynamicevaluationindicator?ATotalinvestmentreturnrateBMarginalinvestmentreturnrateCInternalrateofreturnDCapitalreturnrate第2题Themethodofconsideringthetimevalueofmoney,discountingcashflows,andthensummarizingtocalculateanalysisindicatorsisAQuantitativeanalysisBStaticanalysisCDynamicanalysisDQualitativeanalysis第3题Theeconomicevaluationmethodsforinvestmentschemes,basedonwhetherthetimevalueofmoneyisconsidered,aredividedintoALinearevaluationmethodsandnonlinearevaluationmethodsBStaticevaluationmethodsanddynamicevaluationmethodsCDeterministicevaluationmethodsanduncertaintyevaluationmethodsDQuantitativeevaluationmethodsandqualitativeevaluationmethods【Exercise】3.2StaticEvaluationMethodsandIndicators第1题ThefollowingisnotanadvantageofthestaticpaybackperiodATheconceptisclearandintuitiveBItreflectstherealstateduringtheprojectlifecycleCThecalculationmethodissimpleDItprovidesanintuitivereflectionoftheproblem第2题Intheprojectinvestmentcashflowstatement,thepointwherethecumulativenetcashflowchangesfromnegativetozeroisknownasALoanrepaymentperiodBInvestmentpaybackperiodCProjectconstructionperiodDProjectprofitabilityperiod第3题Foraprojectwithaninitialinvestmentof400,000yuan,expectedannualrevenueof50,000yuan,andannualexpensesof10,000yuan,theinvestmenteffectcoefficientfortheschemeisA8B6.7C0.1D10第4题Foraconstructionprojectwithaninvestmentof40millionyuan,aloaninterestof2.5millionyuanduringtheconstructionperiod,andworkingcapitalof7.5millionyuanaftercompletion,withanaverageannualpre-taxprofitof4.5millionyuan,thetotalinvestmentreturnratefortheprojectisA7.5%B8.4%C9.0%D10.0%第5题Foraconstructionprojectwithanestimatedtotalinvestmentof200millionyuan,thenetprofitsforyears1to6aftercompletionare43million,45.6million,50.2million,53.8million,58.48million,and59.5millionyuan,respectively.ThestaticpaybackperiodfortheprojectisA4.13yearsB4.26yearsC5yearsD5.25years第6题TheadvantageofusingtheinvestmentreturnrateindicatorforevaluatingtheeconomiceffectofaninvestmentschemeisATheindicatorhascleareconomicsignificanceandisintuitiveBItconsidersthetimefactorofinvestmentreturnsCItiseasytoselectnormalproductionyearsDItreflectsthespeedofcapitalturnover【Exercise】3.3DynamicEvaluationMethodsandIndicators第1题Netpresentvaluereferstothesumofthepresentvaluesof()duringtheproject’scalculationperiod,calculatedataspecifieddiscountrate.()ACashinflowsBCashoutflowsCNetcashflowsDCumulativecashflows第2题Theindicatorunrelatedtothecalculationofthedynamicpaybackperiodis()AProjectlifecycleBCashinflowsCCashoutflowsDBenchmarkrateofreturn第3题ForaconventionalprojectwithadynamicpaybackperiodofPˊtandaprojectlifecycleofn,ifPˊt<n,thentheprojectis()AFeasibleBInfeasibleCInfeasibleunlesstheinvestmentisreducedDInsufficientinformationtojudge第4题IfaninvestmentschemehasNPVof56millionyuanwheni1=15%andNPVof-44millionyuanwheni2=18%,theinternalrateofreturnfortheschemeis()A16.68%B17.65%C15.46%D18.43%第5题Forprojectswithconventionalcashflows,therelationshipbetweentheexactsolutionandtheapproximatesolutionoftheinternalrateofreturnis()ATheapproximatesolutionislessthantheexactsolutionBTheapproximatesolutionisequaltotheexactsolutionCTheapproximatesolutionisgreaterthantheexactsolutionDThereisnoregularity第6题Foraninvestmentschemewithaninitialinvestmentof10millionyuan,annualnetreturnsof3millionyuan,abenchmarkrateofreturnof15%,andalifecycleof20years,thenetpresentvalueoftheschemeis()A18millionyuanB20millionyuanC13millionyuanD8.78millionyuan第7题Iftheproject’sNPV()<0,thecorrectstatementis()ATheprojectisatalossandthusinfeasibleBTheprojectisataloss,butfeasibleCTheprojecthaslowprofitsandthusinfeasibleDTheproject’sprofitabilityislowerthantheindustryaverage,thusinfeasible第8题Thediscountrateatwhichthecumulativepresentvalueofthenetcashflowsovertheentirecalculationperiodequalszeroiscalledthe()AInternalrateofreturnBInvestmentpaybackperiodCFinancialnetpresentvalueDInvestmentprofitrate【Exercise】3.4DebtServiceCapacityandFinancialViabilityIndicators第1题Amongthefollowingfinancialevaluationindicators,theonethatreflectstheproject'sdebtservicecapacityis:APaybackperiodBInterestcoverageratioCFinancialnetpresentvalueDTotalinvestmentreturnrate第2题Theincorrectstatementregardingtheanalysisofaconstructionproject'sfinancialviabilityis:AThepurposeoffinancialviabilityanalysisistodeterminewhethertheprojecthassufficientnetcashflowtomaintainnormaloperations.BTheburdenofprincipalandinterestrepaymentisheavyintheearlyoperationalphase,soparticularattentionshouldbepaidtofinancialviabilityanalysisatthisstage.CAbundantnetcashflowintheearlyoperationalphaseisaguaranteeoftheproject'sviability.DFinancialviabilityisrelatedtodepreciationandamortization.第3题Interestcoverageratioequals()dividedbyinterestpayable.ANetprofitBTotalprofit(pre-taxprofit)CEBITDEBIT-Tax第4题Whichofthefollowingstatementsaboutthequickratioiscorrect?AQuickRatio=CurrentAssets/CurrentLiabilitiesBWhencalculatingthequickratio,inventoryissubtractedfromcurrentassetsprimarilybecauseinventoryistheslowesttoconvertintocash.CThequickratioisakeyindicatorusedtomeasureacompany'slong-termsolvency.DAhigherquickratioindicatesbettermanagementefficiencyofacompany'sworkingcapital.第5题Theamountis2millionyuan.Amongthefollowingstatementsaboutthedebtservicecoverageratioforthatyear,theincorrectoneisAThecalculationformulaforthedebtservicecoverageratioofthatyearis:(Fundsavailablefordebtservice/Debtservicepayable)BThefundsavailablefordebtserviceshouldbeEBITDAminusincometax,whichis4millionyuan.CBasedonthegivendata,thedebtservicecoverageratioforthatyearis2.0.DTheindicatorvalueismuchgreaterthan1.3,indicatinganextremelyhighriskoftheprojectrepayingitsmaturingdebts.【Assignment】03CalculationofEvaluationIndicators【Exercise】4.1OverviewofAlternativeComparisonandSelection第1题AmutuallyexclusiverelationshipbetweenalternativesindicatesthattheyhaveAIndependenceBExclusivityCCorrelationDLayeredmixing第2题Whenconductingmulti-alternativecomparisonandselection,theincorrectstatementamongthefollowingis:ARegardlessofthetypeofalternativecombination,thecorecomparisonmethodistodirectlycompareandranktheinternalratesofreturnofeachalternative.BForasetofmixedalternatives,thedecision-makinggoalistoselectacombinationofalternativesunderresourceconstraintstomaximizetheoverallnetpresentvalue.CForasetofindependentalternatives,intheabsenceoffundingconstraints,thedecision-makinggoalistoselectallalternativeswithanetpresentvaluegreaterthanzerooraninternalrateofreturnhigherthanthebenchmarkrate.DForasetofmutuallyexclusivealternatives,thepurposeofcomparisonistoselectanoptimalalternativetomaximizetheutilizationefficiencyoflimitedfunds.第3题Regardigindependentalternativesinmulti-alternativecomparisonandselection,themostaccuratestatementamongthefollowingis:ATheessenceofcomparingindependentalternativesistodeterminewhethereachalternativemeetsthestandardofabsoluteeconomiceffectiveness.BIntheabsenceoffundingconstraints,allfinanciallyviableindependentalternativesshouldbeadopted.CWhencomparingindependentalternatives,theonewiththehighestinternalrateofreturnshouldbeprioritized.DIndependentalternativesrefertotechnicallyunrelatedoptions,whereselectingonedoesnotaffecttheimplementationoftheothers.【Exercise】4.2ComparisonandSelectionofMutuallyExclusiveAlternatives第1题Acompanyhastwomutuallyexclusiveinvestmentalternatives,AandB,withdifferentservicelives.AlternativeAhasanetpresentvalueof1.5millionyuanandaservicelifeof5years;AlternativeBhasanetpresentvalueof2millionyuanandaservicelifeof8years.Thebenchmarkrateofreturnis10%.Themostreasonablemethodtoselecttheoptimalalternativeis:ADirectlycomparethenetpresentvaluesandselectAlternativeBwiththehighestNPV.BDirectlycomparetheinternalratesofreturnandselectthealternativewiththehigherIRR.CCalculatethepresentvalueofcostsforbothalternativesandselecttheonewiththelowercost.DUsethenetannualvaluemethodtoconvertthenetpresentvaluesintoequivalentannualamountsforcomparison.【Exercise】4.3ComparisonandSelectionofIndependentProjects第1题Forindependentplancomparisonsundercapitalconstraints,theselectionmethodsavailableinclude()ALeastcommonmultiplemethodBStudyperiodmethodCMutuallyexclusivegroupmethodDDifferentialinternalrateofreturnmethod第2题Thenumberofmutuallyexclusivealternativesthatcanbeformedfromnindependentprojectsis()A2nBn²C2^nDn【Exercise】4.4ComparisonandSelectionofMixedOptions第1题Acompanyplanstocarryoutatechnicalimprovementproject.Fouralternatives(A,B,C,andD)areavailable.Amongthem:AandBaremutuallyexclusivealternatives(onlyonecanbechosen);CandDareindependentalternatives(canbeselectedornot,andcanbecombinedwithAorB).Theinvestmentandnetpresentvalue(NPV)ofeachalternativeareasfollows(unit:10,000yuan,atadiscountrateof10%):Theenterprisecanimplementoneofthemutuallyexclusivealternatives(AorB)andanynumberofindependentalternatives(CandD).Ifthereisnocapitalconstraint,whichcombinationshouldbeselected?AA+CBB+DCB+C+DDA+C+D第2题Acompanyisconsideringseveralinvestmentprojects,withthefollowingdata(unit:10,000yuan,atadiscountrateof10%):Themaximumavailableinvestmentfundis800(10,000yuan).Underthiscapitalconstraint,whichcombinationofalternativeswillyieldthemaximumtotalNPV?AA+C+DBA+D+ECB+D+EDB+C【Assignment】04Multiple-alternativecomparison【Exercise】5.1Break-EvenAnalysis第1题Aprojecthasadesignedproductioncapacityof8millionunits,withannualfixedcostsof65millionyuan,annualvariablecostsof30millionyuan,andannualsalesrevenueof130millionyuan,excludingtaxes.Theminimumannualproductionrequiredtoachieveaprofitof20millionyuanis()A507,100unitsB680,000unitsC704,300unitsD707,600units第2题Foraninvestmentplanwithanannualproductioncapacityof500,000units,annualfixedcostsof3millionyuan,unitvariablecostsof90yuan/unit,andsalestaxandadditionaltaxesof8yuan/unit,thebreak-evenpointintermsofsalespricewhenproductionreachesfullcapacityis()A90yuan/unitB96yuan/unitC98yuan/unitD104yuan/unit第3题Alowerbreak-evenpointintermsofproductioncapacityutilizationmeans()ASmallerlikelihoodofmakingaprofitBSmallerabilitytoadapttothemarketCSmallerabilitytoresistrisksDSmallertotalbreak-evencost第4题Thebreak-evenpointafterconsideringtaxeswill()AIncreaseBDecreaseCRemainunchangedDUncertain第5题Oneoftheassumptionsinlinearbreak-evenanalysisis()ABalancebetweenproductionandsalesBTotalcostsremainconstantCAllowingproductinventoryaccumulationDFixedcostsincreaseproportionallywithproductionvolume【Exercise】5.2SensitivityAnalysis第1题Thecorrectstatementaboutthecriticalpointinsensitivityanalysisis()ATheheightofthecriticalpointisindependentofthesetbenchmarkreturnrateBInthesensitivityanalysischart,thefartherthecriticalpointoftheuncertainfactorisfromtheverticalaxis,thegreaterthesensitivityofthefactorCThecriticalpointcanbeapproximatedusingthesensitivityanalysischartDWhentheuncertainfactorbelongstothebenefitcategory,thecriticalpointisitspercentageincrease第2题ThecorrectstatementaboutthesensitivitycoefficientSAFis()AThelargertheSAF,themoresensitivetheevaluationindicatorAistotheuncertainfactorFBSAF>0indicatesthattheevaluationindicatorAchangesinthesamedirectionastheuncertainfactorFCSAFrepresentstheratioofthechangeamountoftheuncertainfactorFtothechangeamountoftheevaluationindicatorADSAFcandirectlyshowthevalueoftheevaluationindicatorAaftertheuncertainfactorFchanges第3题Thegeneralstepsforconductingsensitivityanalysisinclude:①selecttheplan;②determinetheanalysisindicators;③identifysensitivefactors;④choosetheuncertainfactorstobeanalyzed;⑤analyzethefluctuationrangeofselecteduncertainfactorsandtheirimpactontheevaluationindicators.Thecorrectsequenceofthesestepsis()A①②③④⑤B②④⑤③①C②①④⑤③D⑤④③②①第4题Thepurposeofconductingsensitivityanalysisforinvestmentplansis()AToanalyzetheprobabilityofuncertainfactorschanginginthefutureBToexplaintherangeofchangesinuncertainfactorsinthefutureCTomeasurethedegreeofinfluenceofuncertainfactorsoninvestmentoutcomesDTorevealhowthechangesinuncertainfactorsaffectinvestmentoutcomes第5题Aprojectusesinternalrateofreturn()asanevaluationindicator.ThebasicplanhasanIRRof20%.Iftheunitvariablecostincreasesby10%,theIRRdecreasesto14%.ThesensitivitycoefficientofIRRtounitvariablecostsis()A-3B-0.6C0.6D3【Exercise】5.3ProbabilityAnalysis第1题TheincorrectstatementabouttheMonteCarlosimulationriskanalysismethodis()AThismethodisatheoreticalcalculationmethodforriskanalysisBLowvariabledecompositionleadstoreducedsimulationreliabilityCThismethodcanbeusedforanalyzingcontinuousrandomvariablesDOverly