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1、哈工大 2012 年 Autumn 季学期Financial Management Examination Paper Questio nOneTwoThre eFourFiveSixSeve nEightNineTenTotalMark第第 1 页页 （共（共 8 页）页）No.NameCHOICE QUESTIONS: Question 1-40, 1.5 marks each, 60 marks total1. Which of the following types of decision makers use accounting information to make busine
2、ss decisions? A) Investors B) Creditors C) Business owners D) All of the above 2. Which of the following accounts is NOT an example of an asset? A) Accounts receivable B) Cash C) Building D) Notes payable 3. Which of the following accounts is NOT an example of a liability? A) Wages Payable B) Notes
3、Payable C) Accounts Payable D) Accounts Receivable 4. Which of the following accounts is NOT an example of owners equity?A) Withdrawals B) Capital C) Revenue D) Cash 5. Which of the following accounts is an asset? A) Salary Expense B) Accounts Payable C) Service Revenue D) Prepaid Expenses 6. Which
4、of the following accounts is a liability? A) Accounts Payable B) Prepaid Expenses C) Salary Expense D) Service Revenue 7. Which of the following accounts is an owners equity account? A) Accrued Liability B) Accounts Payable C) Prepaid Expense D) Capital 8. Which of the following costs would you cons
5、ider when making a capital budgeting decision? A) Sunk cost B) Opportunity cost C) Interest expense D) Fixed overhead cost 9. Which of the following statements is true if the spot price of a commodity at the maturity date of its forward contract is above the forward price? A) The seller of the contr
6、act “wins” and the buyer “loses”. B) The buyer “wins” and the seller “loses”. C) Both the buyer and the seller “win”. D) Both the buyer and the seller “lose”.试 题： 班号： 姓名：第第 2 页页 （共（共 8 页）页）10. Which of the following statements regarding the balance sheet is incorrect? A) The balance sheet provides a
7、 snapshot of the firms financial position at a given point in time. B) The balance sheet lists the firms assets and liabilities. C) The balance sheet reports stockholders equity on the right hand side. D) The balance sheet reports liabilities on the left hand side. 11. Which of the following stateme
8、nts is false? A) Finding the present value and compounding are the same. B) A dollar today and a dollar in one year are not equivalent. C) If you want to compare or combine cash flows that occur at different points in time, you first need to convert the cash flows into the same units or move them to
9、 the same point in time. D) The equivalent value of two cash flows at two different points in time is sometimes referred to as the time value of money. 12. Money that has been or will be paid regardless of the decision whether or not to proceed with the project is A) Cannibalization. B) Considered a
10、s part of the initial investment in the project. C) An opportunity cost. D) A sunk cost. 13. Which of the following statements is false? A) Zero-coupon bonds are also called pure discount bonds. B) The IRR of an investment opportunity is the discount rate at which the NPV of the investment opportuni
11、ty is equal to zero. C) The yield to maturity for a zero-coupon bond is the return you will earn as an investor from holding the bond to maturity and receiving the promised face value payment. D) When prices are quoted in the bond market, they are conventionally quoted in increments of $1000. 14. Wh
12、en discounting dividends you should use? A) The weighted average cost of capital. B) The after tax weighted average cost of capital. C) The equity cost of capital. D) The before tax cost of debt. 15. Inflation may turn out to be higher or lower than anticipated, thereby creating “winners” and “loser
13、s” in lending agreements. Which of the following statements is true if actual inflation exceeds expected inflation? A) The lender “wins” and the borrower “loses”. B) The borrower “wins” and the lender “loses”. C) Both the lender and the borrower “win”. 试 题： 班号： 姓名：第第 3 页页 （共（共 8 页）页）D) Both the lend
14、er and the borrower “lose”.16. Which of the following statements about the future value of a deposit in a savings account is true? A) Shortening the compounding interval will increase the future value of the deposit regardless of the level of the accounts stated (nominal) interest rate. B) Shortening the compounding interval will decrease the future value of the deposit regardless of the level of the accounts stated (nominal) interest rate. C) Shortening the compounding interval will only decrease the future value of the deposit for accounts off
