第一章 Languages and Tool of Financial Analysis：Languages and Tool of Financial Analysis1.1Corporation:Corporation[单选题]
1.2The Objective of the Financial Management:The Objective of the Financial Management
1.3Agency Problem and Corporate Governance:Agency Problem and Corporate Governance
1.4Balance Sheet(1):Balance Sheet
1.5Balance Sheet(2):Balance Sheet
1.6Income Statement:Income Statement
1.7The Statement of Cash Flows:The Statement of Cash Flows
1.8A Brief Introduction of Financial Analysis:A Brief Introduction of Financial Analysis
1.9Profitability Ratios:Profitability Ratios
1.10Liquidity Ratios:Liquidity Ratios
1.11Leverage/Solvency Ratios:Leverage/Solvency Ratios
1.12Efficiency(Activity) Ratio:Efficiency(Activity) Ratio
1.13Valuation Ratio:Valuation Ratio
1.14DuPont Analysis/Identity:DuPont Analysis/Identity
In the United States, publicly traded companies can choose whether or not they wish to release periodic financial statements.
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Financial decisions require that you weigh alternatives in strictly monetary terms.
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What is the bid-ask spread?
, the difference in the selling price of a stock between different exchanges
, the difference in price available for an immediate sale of a stock and the immediate purchase of the stock
, the rise or fall in the value of a stock between the time it is acquired by an investor and sold by that investor
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Corporations have come to dominate the business world through their ability to raise large amounts of capital by sale of ownership shares to anonymous outside investors.
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A factory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. However, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random during various stages of their manufacture. If a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. How is this factory owner seeking to solve the agency conflict problem in this case?
, by maximizing the information that the principal obtains about the behavior of the agents
, by making the agents into principals themselves
, by supplying incentives so the agents act in the way principal desires
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A company that produces racing motorbikes has several models that sell well within the motorcycle racing community and which are very profitable for the company. Despite having a profitable product, why must this company take care to ensure that it has sufficient cash on hand to meet its obligations?
, New models will require a lot of money to develop and bring to market before they generate any revenue.
, Equity must be raised to finance the development of new models to replace the existing models.
, The company will have built up debts which must be repaid in order to bring the current models to market.
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Which of the following is typically the major factor in limiting the growth of sole proprietorships?
, The organizational structure of such firms tends to become extremely complicated over time.
, It is extremely difficult to transfer control of such firms to a new owner if the present owner dies or wishes to sell the firm.
, The amount of money that can be raised by such firms is limited by the fact that the single owner must make good on all debts.
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Which of the following best describes why the Valuation Principle is a key concept in making financial decisions?
, It shows how to make the costs and benefits of a decision comparable so that we can weigh them properly.
, It shows how to assign monetary value to intangibles such as good health and well-being., It allows fixed assets and liquid assets to be valued correctly.]
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Raising new capital by issuing bonds is an example of a commercial banking activity.
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Stock markets provide liquidity for a firm's shares.
