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CHAPTER 1
Introduction to Corporate Finance
II. CONCEPTS
FINANCIAL MANAGEMENT
d 21. Which of the following questions are addressed by financial managers? I. How long will it take to produce a product? II. How long should customers be given to pay for their credit purchases? III. Should the firm borrow more money? IV. Should the firm build a new factory? a. I and IV only b. II and III only c. I, II, and III only d. II, III, and IV only e. I, II, III, and IV
ORGANIZATIONAL STRUCTURE
e 22. The treasurer and the controller of a corporation generally report to the: a. board of directors. b. chairman of the board. c. chief executive officer. d. president. e. vice president of finance.
ORGANIZATIONAL STRUCTURE
b 23. Which one of the following statements is correct concerning the organizational structure of a corporation? a. The vice president of finance reports to the chairman of the board. b. The chief executive officer reports to the board of directors. c. The controller reports to the president. d. The treasurer reports to the chief executive officer. e. The chief operations officer reports to the vice president of production.
CAPITAL BUDGETING
b 24. Which one of the following is a capital budgeting decision? a. determining how much debt should be borrowed from a particular lender b. deciding whether or not to open a new store c. deciding when to repay a long-term debt d. determining how much inventory to keep on hand e. determining how much money should be kept in the checking account
CAPITAL BUDGETING
e 25. When considering a capital budgeting project the financial manager should consider:
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a. b. c. d. e. only the size of the project.
only the timing of the project cash flows. only the risk of the project cash flows.
only the size and timing of the project cash flows. the size, timing, and risk of the project cash flows.
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CAPITAL STRUCTURE
a 26. Capital structure decisions include consideration of the: I. amount of long-term debt to assume. II. cost of acquiring funds. III. current assets and liabilities. IV. net working capital. a. I and II only b. II and III only c. IIIand IV only d. I, II, and IV only e. I, III, and IV only
CAPITAL STRUCTURE
e 27. The decision of which lender to use and which type of long-term loan is best for a project is part of: a. working capital management. b. the net working capital decision. c. capital budgeting. d. a controller’s duties. e. the capital structure decision.
WORKING CAPITAL MANAGEMENT
e 28. Working capital management includes decisions concerning which of the following? I. accounts payable II. long-term debt III. accounts receivable IV. inventory a. I and II only b. I and III only c. II and IV only d. I, II, and III only e. I, III, and IV only
WORKING CAPITAL MANAGEMENT e 29. Working capital management: a. ensures that sufficient equipment is available to produce the amount of product desired on a daily basis. b. ensures that long-term debt is acquired at the lowest possible cost. c. ensures that dividends are paid to all stockholders on an annual basis. d. balances the amount of company debt to the amount of available equity. e. is concerned with having sufficient funds to operate the business on a daily basis.
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财务管理CHAPTER 1
