第五章测试1.
Optimal international portfolio is the ( ).
A:tangency of international security market line and international portfolio opportunity set B:tangency of domestic capital market line and international capital market line C:tangency of international capital market line and international portfolio opportunity set D:tangency of capital market line and domestic portfolio opportunity set
答案:C
2.
International investment usually does not involve ( ) risk.
A:currency B:liquidity C:political D:insurance 3.
Which of the following examples is least likely political risk.
A:Enactment of new taxation B:Using a new accounting basis by multinational corporation C:Government seizure of company’s assets D:Limiting or blocking currency conversion 4.
Which of the following techniques is not the discounted-cash-flow criterion used to make multinational capital budgeting decisions?
A:Accounting rate of return B:Net present value C:Internal rate of return D:Probability index 5.
From the perspective of the parent company, multinational capital budgeting involves the following complexities except ( ).
A:extra tax imposed on repatriated funds by host government B:maximization of foreign currency denominated wealth C:higher tax imposed by home government D:blocked funds 6.
Multinational capital budgeting is usually examined from two perspectives, including the viewpoint of the parent company and that of the host government.（ ）
A:对 B:错 7.
Payback period refers to number of years necessary for the future cash flows from the capital budgeting project to recoup its initial outlay.（ ）
A:错 B:对 8.
As far as the parent viewpoint analysis is concerned, the additional risk that stems from its foreign projects can be measured in at least two ways: adjusting the discount rates or adjusting the life of the project.（ ）
A:错 B:对 9.
Certainty equivalent approach is a method of incorporating risk into international capital budgeting project by adjusting the future cash flows arising from it downward.（ ）
A:对 B:错 10.
Suspension option grants the multinational corporation an optional right to determine whether to shut down the international capital budgeting project.
A:对 B:错
