第一章 单元测试

1、判断题：
In a sole proprietorship, the owner is personally responsible for all financial obligations of the firm. （ ）
选项：
A:错
B:对
答案: 【对】

2、判断题：
The only goal of financial management is profit maximization.（ ）
选项：
A:错
B:对
答案: 【错】

3、单选题：
One major disadvantage of the sole proprietorship is （ ）
选项：
A:low operational costs
B:simplicity of decision-making
C:unlimited liability
D:none of the option
答案: 【unlimited liability】

4、单选题：
The appropriate firm goal is （ ）
选项：
A:profit maximization
B:shareholder wealth maximization
C:social responsibility
D:none of the option
答案: 【shareholder wealth maximization】

5、单选题：
The agency problem will occur in a business firm if the goals of （ ）and shareholders do not agree.
选项：
A:management
B:the public
C:investors
D:none of the option
答案: 【management】

第二章 单元测试

1、判断题：
Effective Rate and Nominal Rate are always the same with each other.（ ）
选项：
A:错
B:对
答案: 【错】

2、单选题：
The PV of $200 due in 3 years with the discount rate of 10% is （ ）
选项：
A:127.39
B:98.65
C:75.13
D:150.2
答案: 【150.2】

3、单选题：
The PV of a 5-year ordinary annuity of $200 at 10% is （ ）
选项：
A:486.7
B:758.2
C:539.4
D:379.1
答案: 【758.2】

4、单选题：
The FV of a lump sum be （ ） if we compound more often, holding the interest constant.
选项：
A:Larger
B:Smaller
C:Not sure
D:Equal
答案: 【Larger】

5、单选题：
Ellesmere Corporation issues 1 million $1000 par value bonds. The stated interest rate is 6% per year and the interest is paid twice a year. What is the real interest rate of the bond? （ ）
选项：
A:(1+6%/2)2-1
B:3%
C:6%
D:12%
答案: 【(1+6%/2)2-1】