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:错 B:对
答案:A
2.Sunk costs and financial costs are both irrelevant for project valuation. ( )
A:错 B:对 3.Depreciation is incorporated in cash flows because it .( )
A:involves an outflow
B:reduces tax liability C:is a cash flow
D:is unavoidable cost 4.Which of the following is a relevant cost in capital budgeting? ( )
A:Sunk cost. B:Financing costs
C:Opportunity cost.
D:Allocated overheads. 5.When considering a capital budgeting project, the investor should consider .( )
A:the timing of the project’s cash flows
B:the risk of the project’s cash flows
C:the sunk cost of the project’s cash flows
D:the size of the project’s cash flows

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