2014-2015上公司金融期末考试.doc

公司理财试卷详解 1. A conflict of interest between the stockholders and management of a firm is called: A. stockholders liability. B. corporate breakdown. C. the agency problem.代理问题 D. corporate activism. E. legal liability. 2. Agency costs refer to: A. the total dividends paid to stockholders over the lifetime of a firm. B. the costs that result from default and bankruptcy of a firm. C. corporate income subject to double taxation. D. the costs of any conflicts of interest between stockholders and management.股东和管理层利益冲突的成本 E. the total interest paid to creditors over the lifetime of the firm. 3. 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 4. The process of planning and managing a firms long-term investments is called: A. working capital management. B. financial depreciation. C. agency cost analysis. D. capital budgeting.资本预算 E. capital structure. 4. The mixture of debt and equity used by a firm to finance its operations is called: A. working capital management. B. financial depreciation. C. cost analysis. D. capital budgeting. E. capital structure.资本结构 5. The management of a firms short-term assets and liabilities is called: A. working capital management.运营资本管理 B. debt management. C. equity management. D. capital budgeting. E. capital structure. 6.?Which of the following are advantages of the corporate form of business ownership?I. limited liability for firm debt对公司负债承担有限责任II. double taxation双重课税（缺点）III. ability to raise capital筹集资金能力强IV. unlimited firm life?无限存期性A.?I and II onlyB.?III and IV onlyC.?I, II, and III onlyD.?II, III, and IV onlyE.?I, III, and IV only 7.?Earnings per share is equal to:?每股收益A.?net income divided by the total number of shares outstanding.净利润/流通在外的股数B.?net income divided by the par value of the common stock.C.?gross inc