罗斯-公司理财-英文练习题-附带答案-第九章.docVIP

CHAPTER 9 Risk Analysis, Real Options, and Capital Budgeting Multiple Choice Questions: I. DEFINITIONS SCENARIO ANALYSIS b 1. An analysis of what happens to the estimate of the net present value when you examine a number of different likely situations is called _____ analysis. a. forecasting b. scenario c. sensitivity d. simulation e. break-even Difficulty level: Easy SENSITIVITY ANALYSIS c 2. An analysis of what happens to the estimate of net present value when only one variable is changed is called _____ analysis. a. forecasting b. scenario c. sensitivity d. simulation e. break-even Difficulty level: Easy SIMULATION ANALYSIS d 3. An analysis which combines scenario analysis with sensitivity analysis is called _____ analysis. a. forecasting b. scenario c. sensitivity d. simulation e. break-even Difficulty level: Easy BREAK-EVEN ANALYSIS e 4. An analysis of the relationship between the sales volume and various measures of profitability is called _____ analysis. a. forecasting b. scenario c. sensitivity d. simulation e. break-even Difficulty level: Easy VARIABLE COSTS a 5. Variable costs: a. change in direct relationship to the quantity of output produced. b. are constant in the short-run regardless of the quantity of output produced. c. reflect the change in a variable when one more unit of output is produced. d. are subtracted from fixed costs to compute the contribution margin. e. form the basis that is used to determine the degree of operating leverage employed by a firm. Difficulty level: Easy FIXED COSTS b 6. Fixed costs: a. change as the quantity of output produced changes. b. are constant over the short-run regardless of the quantity of output produced. c. reflect the change in a variable when one more unit of output is produced. d. are subtracted from sales to compute the contribution margin. e. can be ignored in scenario analysis since they are constant over the life of a project. Difficulty level: Easy ACCOUNTING B