2024知到答案 公司财务 最新智慧树满分章节测试答案
第一章 单元测试
1、单选题：
Which of the following statements is true? （ ）
选项：
A:One of the benefits of incorporating your business is that you become entitled to receive unlimited liability.
B:All of the statements above are correct.
C:Sole proprietorships do not have to pay corporate tax.
D:None of the statements above is correct.
E:Sole proprietorships are subject to more regulations than corporations.
答案: 【Sole proprietorships do not have to pay corporate tax.】
2、单选题：
Which of the following statements is most correct? （ ）
选项：
A:Statements b and c are correct.
B:Corporations face fewer regulations than sole proprietorships.
C:None of the statements above is correct.
D:One advantage of forming a corporation is that you have limited liability.
E:One disadvantage of being a sole proprietor is that you have to pay corporate taxes, even though you don’t realize the benefits of being a corporation.
答案: 【One advantage of forming a corporation is that you have limited liability.】
3、单选题：
Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? （ ）
选项：
A:Corporations generally face lower taxes.
B:Corporations generally find it easier to raise capital.
C:Corporations generally face fewer regulations.
D:Statements c and d are correct.
E:Corporations enjoy unlimited liability.
答案: 【Corporations generally find it easier to raise capital.】
4、单选题：
The primary goal of a publicly-owned firm interested in serving its stockholders should be to（ ）
选项：
A:Maximize the stock price per share.
B:Maximize expected net income.
C:Maximize expected total corporate profit.
D:Minimize the chances of losses.
E:Maximize expected EPS.
答案: 【Maximize the stock price per share.】
5、单选题：
Which of the following statements is most correct?（ ）
选项：
A:Restrictions are included in credit agreements to protect bondholders from the agency problem that exists between bondholders and stockholders.
B:Compensating managers with stock can reduce the agency problem between stockholders and managers.
C:All of the statements above are correct.
D:Statements a and b are correct.
E:The threat of a takeover can reduce the agency problem between bondholders and stockholders.
答案: 【Statements a and b are correct.】
第二章 单元测试
1、单选题：
Which of the following statements is most correct? (Assume that the risk-free rate remains constant.（ ）
选项：
A:Statements a and c are correct.
B:If the market risk premium increases by 1 percentage point, then the required return will increase for stocks that have a beta greater than 1.0, but it will decrease for stocks that have a beta less than 1.0.
C:If the market risk premium increases by 1 percentage point, then the required return will increase by 1 percentage point for a stock that has a beta equal to 1.0.
D:If the market risk premium increases by 1 percentage point, then the required return on all stocks will rise by 1 percentage point.
E:None of the statements above is correct
答案: 【If the market risk premium increases by 1 percentage point, then the required return will increase by 1 percentage point for a stock that has a beta equal to 1.0.】
2、单选题：
Which of the following statements is incorrect? （ ）
选项：
A:The slope of the security market line is measured by beta.
B:Company-specific risk can be diversified away.
C:The market risk premium is affected by attitudes about risk.
D:Higher beta stocks have a higher required return.
E:Two securities with the same stand-alone risk can have different betas.
答案: 【The slope of the security market line is measured by beta.】
3、单选题：
Which of the following statements is most correct? （ ）
选项：
A:Portfolio diversification reduces the variability of the returns on the individual stocks held in the portfolio.
B:The required return on a firm’s common stock is determined by its systematic (or market) risk. If the systematic risk is known, and if that risk is expected to remain constant, then no other information is required to specify the firm’s required return.
C:A stock’s beta is less relevant as a measure of risk to an investor with a well-diversified portfolio than to an investor who holds only that one stock.
D:If an investor buys enough stocks, he or she can, through diversification, eliminate virtually all of the nonmarket (or company-specific) risk inherent in owning stocks. Indeed, if the portfolio contained all publicly traded stocks, it would be riskless.
E:A security’s beta measures its nondiversifiable (systematic, or market) risk relative to that of an average stock.
答案: 【A security’s beta measures its nondiversifiable (systematic, or market) risk relative to that of an average stock.】
4、单选题：
Stock A and Stock B both have an expected return of 10 percent and a standard deviation of 25 percent. Stock A has a beta of 0.8 and Stock B has a beta of 1.2. The correlation coefficient, r, between the two stocks is 0.6. Portfolio P is a portfolio with 50 percent invested in Stock A and 50 percent invested in Stock B. Which of the following statements is most correct? （ ）
选项：
A:Portfolio P has more market risk than Stock A but less market risk than Stock B
B:None of the statements above is correct
C:Portfolio P has a standard deviation of 25 percent and a beta of 1.0
D:Portfolio P has a coefficient of variation equal to 2.5
E:All of the statements above are correct
答案: 【Portfolio P has more market risk than Stock A but less market risk than Stock B】
5、单选题：
Which of the following statements is most correct?（ ）
选项：
A:A two-stock portfolio will always have a lower beta than a one-stock portfolio.
B:None of the statements above is correct.
C:If portfolios are formed by randomly selecting stocks, a 10-stock portfolio will always have a lower beta than a one-stock portfolio.
D:All of the statements above are correct.
E:A two-stock portfolio will always have a lower standard deviation than a one-stock portfolio.
答案: 【None of the statements above is correct.】