国立高雄大学 101 学年度研究所硕士班招生考试试题精选.pdf

國立高雄大學 101 學年度研究所碩士班招生考試試題 科目：財務管理 系所：金融管理學系 是否使用計算機：是 考試時間：100分鐘 本科原始成績：100分 I. Multiple Choice Questions (2 points each, total 60 points) Please write down the answers on the answer sheet with the following format. No points earned without following the format below. 1. 6. 11. 16. 21. 26. 2. 7. 12. 17. 22. 27. 3. 8. 13. 18. 23. 28. 4. 9. 14. 19. 24. 29. 5. 10. 15. 20. 25. 30. 1. Which one of the following statements concerning net present value is correct? a. An investment should be accepted if, and only if, the NPV is exactly equal to zero. b. An investment should be accepted only if the NPV is equal to the initial cash flow. c. Any project that has positive cash flows for every time period after the initial investment should be accepted. d. An investment with greater cash inflows than cash outflows, regardless of when the cash flows occur, will always have a positive NPV and therefore should always be accepted. e. none of the above. 2. All else equal, the payback period for a project will decrease whenever the: a. initial cost increases. b. cash inflows are moved earlier in time. c. assigned discount rate decreases. d. required return for a project increases. e. none of the