CMA-NewPart2-模拟考试10

第91题

Wearwell Company is considering three investment projects. Wearwell’s president asked the controller to prepare a report and recommend an appropriate investment decision. The results of the controller’s calculations for the three projects are as follows. The company expects a minimum net present value (NPV) of $20,000 from accepted projects. The projects are mutually exclusive and Wearwell’s cost of capital is 8%. Which one of the following options should the controller recommend to the president? 
1、 Projects A, B, and C because each of the projects have an IRR greater than the cost of capital.
2、 Project B because it has the highest net present value (NPV).
3、 Project C because it has the highest internal rate of return (IRR).
4、 Projects A and B because they exceed the minimum expected NPV.

第92题
Which of the following is the objective of linear programming?
1、 Linear programming aims to improve productivity by measuring the effect of time sequences on a production line.
2、 Linear programming helps managers make decisions about maximizing profits or minimizing costs based upon certain constraints.
3、 Linear programming helps accountants determine which accounting method will show the highest profits.
4、 Linear programming helps accountants determine which accounting method will minimize taxable income

第93题
The objective function in linear programming
1、 is the verbal expression that states how many data sets will satisfy the objectives of the forecasting process.
2、 is a mathematical expression that expresses a restriction on the ultimate solution to the problem.
3、 is the verbal or mathematical expression that defines the objective of the problem.
4、 creates a graphic illustration of the profit maximizing objective.

第94题
Which of the following is the objective of linear programming?
1、 Linear programming aims to improve productivity by measuring the effect of time sequences on a production line.
2、 Linear programming helps managers make decisions about maximizing profits or minimizing costs based upon certain constraints.
3、 Linear programming helps accountants determine which accounting method will show the highest profits.
4、 Linear programming helps accountants determine which accounting method will minimize taxable income.

第95题
A limitation of the profitability index (PI) is that the PI

1、Cannot be used when more than one resource is being rationed over multiple periods.
2、Favors projects with short lives
3、Often contradicts internal rate of return results.
4、Provides a measure of profitability but cannot be used to make an accept/reject decision.

第96题
When evaluating a capital budgeting project, a company's treasurer wants to know how changes in operating income and the number of years in the project's useful life will affect its breakeven internal rate of return. The treasurer is most likely to use

1、 Monte Carlo simulation.
2、 scenario analysis.
3、 learning curve analysis.
4、 sensitivity analysis.

第97题
Which type of real option would a firm be most likely to choose if there is a high probability that competitors can enter a market and capture profitable future cash flows?
1、 Postpone
2、 Expand
3、 Adapt
4、 Abandon

第98题
The Foreign Corrupt Practices Act is a US law that prohibits US companies from
1、 exporting to countries that do not comply with US human rights regulations.
2、 selling products for corrupt, unethical, or illegal purposes.
3、 making products in overseas markets that do not comply with the same safety and environmental regulations as for domestically produced products.
4、 making "corrupt" payments to foreign officials for the purpose of obtaining or retaining business.

第99题
Which of the following actions will most likely result in a successful foreign business venture in Islamic countries?
1、 Behave in a manner that is consistent with Islamic ethics.
2、 Adhere to Islamic beliefs.
3、 Have property in an Islamic nation.
4、 Employ Islamic people.

第100题
Joseph Krohn, Chairman of Quantum Financing Co., has directed Human Resources to implement ongoing ethics training. Krohn considers this training critically important as it
1、 only applies to lower level employees most likely to behave unethically.
2、 lessens the penalty if the corporation is convicted of improper conduct.
3、 absolves the corporation from prosecution for improper conduct.
4、 will guarantee improper conduct will not occur.