第二十四章测试1.Capital budgeting is the process of evaluating and selecting short-term investments consistent with a firm’s goal of owner wealth maximization. ( )
A:对 B:错
答案:B
2.Sunk costs and financial costs are both irrelevant for project valuation. ( )
A:对 B:错 3.Depreciation is incorporated in cash flows because it .（ ）
A:is a cash flow
B:is unavoidable cost C:reduces tax liability D:involves an outflow
4.Which of the following is a relevant cost in capital budgeting? （ ）
A:Financing costs
B:Allocated overheads. C:Sunk cost. D:Opportunity cost.
5.When considering a capital budgeting project, the investor should consider .（ ）
A:the timing of the project’s cash flows
B:the size of the project’s cash flows
C:the risk of the project’s cash flows
D:the sunk cost of the project’s cash flows
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