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Chapter 14 pt 2

Pregunta 1 de 46

1

Profitability (ROI) Analysis

Selecciona una de las siguientes respuestas posibles:

  • Return on investment

  • Rebate on investment

Explicación

Pregunta 2 de 46

1

Return on investment (ROI) analysis focuses on a project’s financial return.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 3 de 46

1

Return on investment (ROI) analysis focuses on a project’s financial _____.

Selecciona una de las siguientes respuestas posibles:

  • rebate

  • return

Explicación

Pregunta 4 de 46

1

As with any investment, returns can be measured either in dollar terms or in rate of return (percentage) terms.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 5 de 46

1

As with any investment, returns can be measured either in ____ terms or in rate of ____ (percentage) terms.

Selecciona una o más de las siguientes respuestas posibles:

  • dollar

  • rate

  • rebate

Explicación

Pregunta 6 de 46

1

Net present value (NPV) measures a project’s time value adjusted dollar return.

Internal rate of return (IRR) measures a project’s rate of (percentage) return.

Modified IRR (MIRR) also measures percentage return.

which 2 measures the percentage return?

Selecciona una o más de las siguientes respuestas posibles:

  • net present value

  • internal rate of return

  • external rate of return

  • modified irr

Explicación

Pregunta 7 de 46

1

which one measures adjusted dollar return?

Selecciona una de las siguientes respuestas posibles:

  • net present value

  • internal rate of return

  • modified irr

Explicación

Pregunta 8 de 46

1

NPV measures return on investment (ROI) in dollar terms.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 9 de 46

1

NPV measures return on investment (ROI) in ____ terms.

Selecciona una de las siguientes respuestas posibles:

  • half

  • dollar

Explicación

Pregunta 10 de 46

1

NPV is merely the sum of the present values of the project’s net cash flows.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 11 de 46

1

NPV is merely the sum of the ____ values of the project’s net cash flows.

Selecciona una de las siguientes respuestas posibles:

  • past

  • present

  • future

Explicación

Pregunta 12 de 46

1

the discount rate used is called the _______________. Recall that this is also the opportunity cost of capital, which depends on the riskiness of the investment.

Selecciona una de las siguientes respuestas posibles:

  • payback investments

  • project cost of capital

Explicación

Pregunta 13 de 46

1

The discount rate used is called the project cost of capital. Recall that this is also the ''opportunity cost of capital'', which depends on the riskiness of the investm

Selecciona una de las siguientes respuestas posibles:

  • discount rate: opportunity cost

  • i dont know

Explicación

Pregunta 14 de 46

1

NPV is the dollar contribution of the project to the equity value of the business.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 15 de 46

1

NPV is the ---- contribution of the project to the equity value of the business.

Selecciona una de las siguientes respuestas posibles:

  • dollar

  • old

Explicación

Pregunta 16 de 46

1

NPV is the dollar contribution of the project to the --- value of the business.

Selecciona una de las siguientes respuestas posibles:

  • price

  • equity

Explicación

Pregunta 17 de 46

1

A positive NPV signifies that the project will enhance the financial condition of the business.
The greater the NPV, the more attractive the project financially.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 18 de 46

1

A positive NPV signifies that the project will enhance the financial condition of the business.
The greater the NPV, the more --------- the project financially.

Selecciona una de las siguientes respuestas posibles:

  • attractive

  • unattractive

Explicación

Pregunta 19 de 46

1

IRR measures ROI in percentage (rate of return) terms.
It is the discount rate that forces the PV of the inflows to equal the cost of the project. In other words, it is the discount rate that forces the project’s NPV to equal $0.
IRR is the project’s expected rate of return.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 20 de 46

1

IRR measures ROI in percentage (rate of return) terms.
It is the discount rate that forces the PV of the inflows to equal the cost of the project. In other words, it is the discount rate that forces the project’s NPV to equal $----.
IRR is the project’s expected rate of return.

Selecciona una de las siguientes respuestas posibles:

  • 0

  • 1

  • 2

  • .5

Explicación

Pregunta 21 de 46

1

IRR measures ROI in percentage (rate of return) terms.
It is the ------- rate that forces the PV of the inflows to equal the cost of the project. In other words, it is the discount rate that forces the project’s NPV to equal $0.
IRR is the project’s expected rate of return.

Selecciona una de las siguientes respuestas posibles:

  • quality

  • discount

  • undiscount

Explicación

Pregunta 22 de 46

1

IRR measures ROI in percentage (rate of return) terms.
It is the discount rate that forces the PV of the inflows to equal the cost of the project. In other words, it is the discount rate that forces the project’s NPV to equal $0.
IRR is the project’s -------- rate of return.

Selecciona una de las siguientes respuestas posibles:

  • expected

  • unexpected

Explicación

Pregunta 23 de 46

1

If a project’s IRR is greater than its cost of capital, then there is an “excess” return that contributes to the equity value of the business.
In our example, IRR = 29.7% and the project cost of capital is 10%, so the project is expected to enhance Midtown Clinic’s financial condition.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 24 de 46

1

If a project’s IRR is greater than its cost of capital, then there is an “------” return that contributes to the equity value of the business.
In our example, IRR = 29.7% and the project cost of capital is 10%, so the project is expected to enhance Midtown Clinic’s financial condition.

Selecciona una de las siguientes respuestas posibles:

  • reinvestment

  • excess

Explicación

Pregunta 25 de 46

1

Both NPV and IRR require a reinvestment rate assumption.

NPV assumes it is the cost of capital.
IRR assumes it is the IRR rate.

Of the two, reinvestment at the cost of capital is the better assumption since NPV measures profit in dollars.

MIRR forces reinvestment at the cost of capital.

________

Both NPV and IRR require a

Selecciona una de las siguientes respuestas posibles:

  • reinvestment rate assumption

  • investment rate assumption

Explicación

Pregunta 26 de 46

1

Both NPV and IRR require a reinvestment rate assumption.
NPV assumes it is the -------------
IRR assumes it is the ---------
Of the two, reinvestment at the cost of capital is the better assumption since NPV measures profit in dollars.
MIRR forces reinvestment at the cost of capital.

Selecciona una o más de las siguientes respuestas posibles:

  • cost of capital

  • irr rate

  • mri rate

Explicación

Pregunta 27 de 46

1

NPV assumes it is the cost of capital.
IRR assumes it is the IRR rate.
Of the two, reinvestment at the cost of capital is the better assumption since NPV measures profit in dollars.

Selecciona una de las siguientes respuestas posibles:

  • cost of capital

  • irr rate

Explicación

Pregunta 28 de 46

1

MIRR is interpreted in the same way as is IRR. In our example, MIRR = 21.4% and the project cost of capital is 10%, so the project is expected to contribute to shareholder wealth (or enhance the financial condition of a NFP business).
Note that the value of the MIRR for any project falls in between the project cost of capital and IRR values.

_______
MIRR is interpreted in the same way as is ------

Selecciona una de las siguientes respuestas posibles:

  • NPV

  • IRR

Explicación

Pregunta 29 de 46

1

MIRR is interpreted in the same way as is IRR. In our example, MIRR = 21.4% and the project cost of capital is 10%, so the project is expected to contribute to shareholder wealth (or enhance the financial condition of a NFP business).
Note that the value of the MIRR for any project falls in between the project cost of capital and IRR values.

________
MIRR is interpreted in the same way as is IRR. In our example, MIRR = 21.4% and the project cost of capital is 10%, so the project is expected to_____ or ______

Selecciona una de las siguientes respuestas posibles:

  • contribute, enhance

  • not contribute, not enhance

Explicación

Pregunta 30 de 46

1

Note that the value of the MIRR for any project falls in between the project cost of capital and IRR values.

Selecciona una de las siguientes respuestas posibles:

  • cost of capital and IRR values.

  • cost of capital and no values.

Explicación

Pregunta 31 de 46

1

Although NPV and IRR generally are perfect substitutes, there are yet other ROI measures that can be used; i.e., the Profitability Index.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 32 de 46

1

Although NPV and IRR generally are perfect substitutes, there are yet other ROI measures that can be used; i.e., the _________________

Selecciona una de las siguientes respuestas posibles:

  • global index

  • profitability index

Explicación

Pregunta 33 de 46

1

A thorough analysis will consider all profitability measures, plus examine input variable breakevens.
However, the key to effective project analysis is the ability to forecast the cash flows with some confidence.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 34 de 46

1

A thorough analysis will consider all profitability measures, plus examine -------- variable breakevens.
However, the key to effective project analysis is the ability to forecast the cash flows with some --------.

2

Selecciona una o más de las siguientes respuestas posibles:

  • input

  • output

  • task

  • confidence

Explicación

Pregunta 35 de 46

1

Presumably, not-for-profit providers have important goals besides financial ones. Other considerations can be incorporated into the analysis by using:
The net present social value model.
Project scoring.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 36 de 46

1

Presumably, not-for-profit providers have important --------- besides financial ones. Other considerations can be incorporated into the analysis by using:
The net present social value model.
Project scoring.

Selecciona una de las siguientes respuestas posibles:

  • benefits

  • goals

Explicación

Pregunta 37 de 46

1

Presumably, not-for-profit providers have important goals besides financial ones. Other considerations can be incorporated into the analysis by using:
1 The net present social value model.
2 ------------------

Selecciona una de las siguientes respuestas posibles:

  • soccer scoring

  • project scoring

Explicación

Pregunta 38 de 46

1

The net present social value (NPSV) model is based on the fact that the total value of a project equals its economic value (NPV) plus its social value.
Thus, the present value of the future annual social values is added to the NPV to estimate the project’s total value.
TNPV = NPV + NPSV
TNPV>=0, accepted! But NPSV >= 0!!

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 39 de 46

1

TNPV>=0--------------------,! But NPSV >= 0!!

Selecciona una de las siguientes respuestas posibles:

  • accepted

  • not accepted

Explicación

Pregunta 40 de 46

1

The net present social value (NPSV) model is based on the fact that the total value of a project ---------------------- (NPV) plus its social value.

Selecciona una de las siguientes respuestas posibles:

  • equals its twice value

  • equals its economic value

Explicación

Pregunta 41 de 46

1

Project scoring uses a matrix to create a numerical “score” for projects that incorporates both financial and nonfinancial factors.
Note the scores attached to projects are non-linear in the sense that a project with a score of 14 is not necessarily twice as good a project with a score of 7.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 42 de 46

1

Project scoring uses a ------- to create a numerical “score” for projects that incorporates both financial and nonfinancial factors.
Note the scores attached to projects are non-linear in the sense that a project with a score of 14 is not necessarily twice as good a project with a score of 7.

Selecciona una de las siguientes respuestas posibles:

  • matrix

  • board

Explicación

Pregunta 43 de 46

1

Project scoring uses a matrix to create a numerical “score” for projects that incorporates both ----- and ------l factors.
Note the scores attached to projects are non-linear in the sense that a project with a score of 14 is not necessarily twice as good a project with a score of 7.

Selecciona una de las siguientes respuestas posibles:

  • old and new

  • financial and non financial

Explicación

Pregunta 44 de 46

1

Note the scores attached to projects are non-linear in the sense that a project with a score of 14 is not necessarily twice as good a project with a score of 7.

Selecciona una de las siguientes respuestas posibles:

  • a score of 14 is not necessarily twice as good a project with a score of 7.

  • a score of 14 is necessarily twice as good a project with a score of 7.

Explicación

Pregunta 45 de 46

1

Post Audit

The post audit is a formal process for monitoring a project’s performance over time.

It has several purposes:

Improve forecasts
Develop historical risk data
Improve operations
Reduce losses

Selecciona una de las siguientes respuestas posibles:

  • Improve forecasts

  • increase losses

Explicación

Pregunta 46 de 46

1

Post Audit monitoring a project’s performance over time. 4

Selecciona una o más de las siguientes respuestas posibles:

  • Improve forecasts

  • Develop historical risk data

  • Improve operations

  • Reduce losses

  • get rid of operations

  • increase losses

Explicación

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