Đề thi, bài tập trắc nghiệm online Tài chính doanh nghiệp – Đề 6

1. What does the concept of 'time value of money' primarily imply?

A. Money loses value over time due to inflation.

B. A dollar today is worth more than a dollar in the future.

C. Future money is always worth more due to potential interest earnings.

D. The value of money is constant over time.

2. What is the primary benefit of diversification in investment?

A. To eliminate all types of risk.

B. To reduce unsystematic risk.

C. To increase expected returns significantly.

D. To guarantee higher profits.

3. What is the Capital Asset Pricing Model (CAPM) primarily used for?

A. To calculate the optimal capital structure.

B. To determine the cost of equity.

C. To forecast future stock prices.

D. To measure a company's liquidity.

4. Which of the following is NOT a typical source of short-term financing?

A. Trade Credit.

B. Commercial Paper.

C. Bank Line of Credit.

D. Issuance of Bonds.

5. Which of the following is NOT a key decision area in corporate finance?

A. Investment decisions (Capital Budgeting).

B. Financing decisions (Capital Structure).

C. Dividend decisions.

D. Human Resources decisions.

6. Which of the following factors would typically NOT be considered in dividend policy decisions?

A. Current and expected future profitability.

B. Shareholder preferences.

C. Investment opportunities.

D. Competitors' marketing strategies.

7. Which of the following is an example of unsystematic risk (firm-specific risk)?

A. Inflation.

B. Changes in interest rates.

C. A product recall by a company.

D. Recession.

8. In capital budgeting, what is 'opportunity cost'?

A. The initial investment in a project.

B. The cost of debt financing.

C. The return forgone by not investing in the next best alternative.

D. The operating expenses of a project.

9. What does 'agency cost' in corporate finance primarily refer to?

A. The cost of borrowing money.

B. The costs arising from conflicts of interest between managers and shareholders.

C. The cost of auditing financial statements.

D. The cost of marketing and advertising.

10. What is the primary goal of inventory management?

A. To maximize inventory levels.

B. To minimize inventory holding costs.

C. To balance inventory investment with customer service levels.

D. To eliminate inventory completely.

11. Which valuation method primarily relies on comparing a company to its industry peers?

A. Discounted Cash Flow (DCF) analysis.

B. Relative Valuation (Multiples analysis).

C. Net Asset Value (NAV) method.

D. Real Options Valuation.

12. What is the purpose of a cash budget?

A. To track past cash flows.

B. To forecast future cash inflows and outflows.

C. To prepare the income statement.

D. To calculate the net profit margin.

13. What is the primary difference between Net Present Value (NPV) and Profitability Index (PI)?

A. NPV considers time value of money, PI does not.

B. NPV is a ratio, PI is an absolute value.

C. NPV is an absolute value, PI is a ratio.

D. NPV is used for independent projects, PI for mutually exclusive projects.

14. What is the purpose of sensitivity analysis in capital budgeting?

A. To calculate the most profitable project.

B. To assess how changes in input variables affect project profitability.

C. To determine the payback period of a project.

D. To minimize the initial investment of a project.

15. What is the sustainable growth rate of a company?

A. The maximum growth rate achievable without external financing.

B. The growth rate that maximizes shareholder wealth.

C. The average growth rate over the past 5 years.

D. The projected growth rate based on market trends.

16. Which of the following is NOT a component of working capital?

A. Inventory.

B. Accounts Receivable.

C. Accounts Payable.

D. Long-term Debt.

17. Which ratio is used to assess a company's ability to meet its short-term obligations?

A. Debt-to-Equity Ratio.

B. Profit Margin.

C. Current Ratio.

D. Return on Equity (ROE).

18. Which of the following is generally considered to be the riskiest source of financing for a company?

A. Bank Loans.

B. Bonds.

C. Preferred Stock.

D. Common Stock.

19. What is the Weighted Average Cost of Capital (WACC) used for?

A. To calculate the profitability of a company.

B. To determine the optimal dividend payout ratio.

C. To discount future cash flows in capital budgeting.

D. To measure a company's liquidity.

20. What does a Debt-to-Equity ratio of 2.0 indicate?

A. For every $1 of equity, the company has $0.50 of debt.

B. For every $1 of equity, the company has $2 of debt.

C. The company's assets are twice its equity.

D. The company's equity is twice its debt.

21. A project has an initial investment of $100,000 and generates annual cash flows of $30,000 for 5 years. What is the Payback Period?

A. 2.5 years.

B. 3.0 years.

C. 3.33 years.

D. 4.0 years.

22. What is the primary goal of financial management in a corporation?

A. Maximize current profits.

B. Minimize costs.

C. Maximize shareholder wealth.

D. Increase market share.

23. What is the purpose of working capital management?

A. To maximize long-term investments.

B. To manage short-term assets and liabilities effectively.

C. To optimize the capital structure.

D. To increase shareholder dividends.

24. Which of the following is a limitation of using the Payback Period method in capital budgeting?

A. It is difficult to calculate.

B. It does not consider the time value of money.

C. It is not applicable for long-term projects.

D. It always leads to incorrect investment decisions.

25. Which financial statement provides a snapshot of a company's assets, liabilities, and equity at a specific point in time?

A. Income Statement.

B. Statement of Cash Flows.

C. Balance Sheet.

D. Statement of Retained Earnings.

26. What does a high degree of operating leverage indicate about a company?

A. High proportion of variable costs to fixed costs.

B. High proportion of fixed costs to variable costs.

C. Low level of debt financing.

D. High level of equity financing.

27. What is the purpose of financial forecasting?

A. To guarantee future profits.

B. To predict future financial performance and plan accordingly.

C. To record past financial transactions.

D. To calculate current financial ratios.

28. What is beta in the context of CAPM?

A. A measure of a company's profitability.

B. A measure of a stock's volatility relative to the market.

C. A measure of a company's liquidity.

D. A measure of a company's leverage.

29. What is financial leverage?

A. The use of equity financing to increase returns.

B. The use of debt financing to magnify returns and risk.

C. The ratio of current assets to current liabilities.

D. The ability to quickly convert assets into cash.

30. What is the Internal Rate of Return (IRR) of a project?

A. The discount rate that maximizes the Net Present Value (NPV).

B. The discount rate that makes the Net Present Value (NPV) equal to zero.

C. The project's profitability as a percentage of initial investment.

D. The average annual profit of the project.