1.

A capital investment is one that:

a. applies only to investment in fixed assets.
b. is only undertaken by large corporations.
c. has the prospect of long-term benefits.
d. has the prospect of short-term benefits.
C
2. Which statement is true:
a. None of these.
b. The discounted cash-flow methods incorporate the cost of debt.
c. The discounted cash-flow methods incorporate the time value of money.
d. The discounted cash-flow methods corporate the time value of money.
C
3. It deals with the way the funds raised in the financial markets are employed in
productive activities, that is how much to invest and what assets should be invested in.
Which decision does this refer to:
a. Financing decisions
b. Investment decisions
c. Dividend decisions
d. None of these
B
4. Change in Net working capital is equal to:
a. Change in inventory + Change in Account receivable + Change in Account payable -
Change in Cash
b. Change in Cash + Change in inventory - Change in Account receivable + Change in
Account payable
c. None of these
d. Change in Cash + Change in inventory + Change in Account receivable - Change in
Account payable
D
5. Cash flows, and not accounting estimates, are used in project analysis because:
a. Cash flows occur at identifiable time points.
b. Cash flows have identifiable directional flow.
c. All of the these.
d. Cash flows measure actual economic wealth.
C
6. Which statement is true about Capital Budgeting?
a. All of these.
b. Long-term decisions; involve large expenditures.
c. Very important to firms future.
d. Analysis of potential projects.
A
7. Which statement is true:
 a. If an upgrade capital outlay occurs after year 0, it has to be converted back to the
year 0 in cash flow analysis.
b. If an upgrade capital outlay occurs after year 0, it has to be converted back to the
upgrade year in cash flow analysis.
c. If an upgrade capital outlay occurs after year 0, it has not to be converted back to the
year 0 in cash flow analysis.
d. None of these.
B or A
8. The corporation tax is influenced by which factor:
a. Sunk cost
b. None of these
c. Opportunity cost
d. Depreciation method
D
9. For example, a new product line may require some preliminary marketing
research. This research is done regardless of the project. This is an example of:
a. Sunk cost
b. Relevant cost
c. Opportunity cost
d. None of these
A
10. Which statement is true:
a. The total capital outlay must be released 100% at the beginning of the project.
b. The total capital outlay need not to be released 100% at the beginning of the project.
c. Cant define total capital outlay at the beginning of the project.
d. None of these.
A
11. There will be no gain or loss on the sale of an asset if:
a. All of these.
b. Sale of an asset for its tax book value.
c. Sale of an asset for more than its tax bookvalue.
d. Sale of an asset for less than its tax book value.
B
12. Which statement is true?
a. Initial capital outlay generally involves the cash inflows required to start a project by
purchasing or creating assets and putting them into working order.
b. Initial capital outlay generally involves the cash outflows required to start a project
by purchasing or creating assets and putting them into working order.
c. Operating cash flows generally involve the cash outflows required to start a project
by purchasing or creating assets and putting them into working order.
d. Relevant cash flows generally involves the cash outflows required to start a project
by purchasing or creating assets and putting them into working order.
B
13. The cost of environmental rehabilittion is an example of:
 a. Capital outlay
b. Terminal cash inflow
c. All of these
d. Terminal cash outflow
D
14. The tool to convert anticipated returns from an investment project to present
value is called:
a. None of these
b. Interest rate
c. Discount rate
d. Rate of return
C
15. When discount rate increases, other remains, NPV:
a. No change
b. Increases
c. None of these
d. Reduces
D
16. Which statement is true?
a. Tax payable is irrelevant to the project cash flow.
b. Tax payable is relevant to the project cash flow.
c. Tax payable is sunk cost to the project cash flow.
d. None of these.
B
17. Which one is objectives of Capital Budgeting:
a. To make estimation of capital expenditure during the budget period and to see that the
benefits and costs may be measured in terms of cash flow.
b. All of these.
c. To ensure the selection of the possible profitable capital projects.
d. To ensure the effective control of capital expenditure in order to achieve by forecasting the
long-term financial requirements.
B
18. Which of the following is an example of a capital investment project?
a. Development of employee training programs
b. Expansion of production facilities
c. All of these
d. Replacement of worn out equipment
C
19. Which depreciation method attempt to allocate the initial cost of an asset over a number
of accounting period:
a. The units of production method
b. All of these
c. The reducing balance method
d. The straight-line method
B
20. Component of project cash flow may includes:
a. Terminal cash flow
b. Capital outlay
c. Operating cash flow
d. All of these
C
21. Which statement is true?
a. If sale of an asset for more than its tax book value, there will be a loss on the sale of an
asset which is equal to sale proceeds minus tax book-value.
b. If sale of an asset for less than its tax book value, there will be a loss on the sale of an
asset which is equal to sale proceeds minus tax book-value.
c. If sale of an asset for less than its tax book value, there will be a loss on the sale of an
asset which is equal to sale proceeds plus tax book-value.
d. If sale of an asset for less than its tax book value, there will be a gain on the sale of an
asset which is equal to sale proceeds minus tax book-value.
B
22. What type of project that its decision involves retiring one asset and replacing it with a
more efficient asset?
a. Asset replacement project
b. Potential project
c. Mutually exclusive project
d. Asset expansion project
A
23. The capital budget for the year is approved by a company's:
a. Stockholders
b. Lenders
c. Board of directors
d. Officers
C
24. Which one is the collection of assets needed for day-to-day operations that support a
rms long-term investments:
a. Net Working capital
b. Account receivable
c. Cash
d. Inventory
A
25. Which of the following project involves retiring one asset and replacing it with a more
efficient one:
a. asset expansion project
b. independent project
 c. asset replacement project
d. contingent project
C
26. Based on the principles of finance is that money has a time value:
a. In the most general sense this refers to the fact that a dollar today is equal to a dollar in one
years time.
b. In the most general sense this refers to the fact that a dollar today is worth more than a
dollar in one years time.
c. None of these.
d. In the most general sense this refers to the fact that a dollar today is less than a dollar in one
years time.
B
27. The time value of money means that a dollar received today is worth more than a dollar
received at any future time. Why?
a. Because it could be more valuable as kept today.
b. Because it could be safe as kept today.
c. None of these.
d. Because it can earn income and become greater in the future.
D
28. Which statement is true:
a. As a project comes to its end, there is a disinvestment in working capital, which also
generates positive cash flow as inventories are sold off and accounts receivable are
collected.
b. As a project comes to its end, there is an additional investment in working capital, which
also generates positive cash flow as inventories are sold off and accounts receivable are
collected.
c. As a project comes to its end, there is an additional disinvestment in working capital, which
also generates positive cash flow as inventories are sold off and accounts payable are
collected.
d. None of these.
A
29. Which statement is true:
a. Cash flows are simply the dollars received and dollars paid out by the rm at particular
points in time.
b. None of these.
c. Cash flows are simply the dollars of revenue gains and dollars paid out by the rm at
particular points in time.
d. Cash flows are simply the dollars received and dollars expenses paid out by the rm at
particular points in time.
A
30. Which step is necessary in Capital Budgeting?
a. (i) Estimate cash flows (inflows & outflows).
b. All of these are necessary
c. (ii) Evaluate cash flows (Find NPV or IRR, ARR, PP)
 d. (i) and (ii)
e. (iii) Make Accept/Reject Decision
B
31. Which statement is true:
a. In addition to the initial investment in the year 0 of the project, an upgrade investment
never occur at later stages of the project.
b. None of these.
c. In addition to the initial investment in the year 0 of the project, an upgrade investment
may occur at later stages of the project.
d. In addition to the initial investment in the year 0 of the project, an upgrade investment
always occur at later stages of the project.
C
32. Which statement is true?
a. Profit and loss in financial statements always represents the net increase or decrease in cash
flows.
b. Profit and loss in financial statements always equal to cash flows of the project at particular
point in time.
c. Profit and loss in financial statements do not always represent the net increase or decrease
in cash flows.
d. None of these.
C
33. Which report is the base in doing project appraisal:
a. Production report
b. Income statement
c. Cash flow report
d. None of these
C
34. Which statement is true:
a. All of these.
b. Projects have failed or succeeded due to incorrect or correct estimates of the cash flows of
the project.
c. If cash flow estimates are incorrect, it doesnt matter which technique we use, the project is
doomed to fail.
d. To be consistent with wealth maximization principle, an evaluation of a project must be
based on cash flows and not on accounting profits.
A
35. Which of the following is a cost that has already been incurred and cannot be
recovered irrespective of the decision to accept or reject the project?
a. None of these
b. Sunk Costs
c. Opportunity Costs
d. Relevant cost
B
 36. A Capital Budgeting decision rule should satisfy the following criteria:
a. Must consider all of the project's cash flows.
b. Must consider the Time Value of Money.
c. Must always lead to the correct decision when choosing among Mutually Exclusive
Projects.
d. All of these.
D
37. The internal rate of return method:
a. Does not consider inflows after the cutoff period
b. Determines the time required to recoup the initial investment
c. Calculates the interest rate that equates outflows with subsequent inflows
d. Determines whether future benefits justify current expenditures
C
38. Which statement is true:
a. None of these.
b. The PB method has the important advantage that the end result of the computations is
expressed in dollars and not in a percentage.
c. The IRR method has the important advantage that the end result of the computations is
expressed in dollars and not in a percentage.
d. The NPV method has the important advantage that the end result of the computations is
expressed in dollars and not in a percentage.
D
39. NPV = 0 means:
a. Discounted interest rate is minimum
b. Discounted interest rate is maximum
c. Discounted interest rate is equal IRR
d. Discounted interest rate is greater than IRR
C
40. Which statement is true:
a. None of these.
b. Working capital may be used to purchase raw material when the revenue not yet coming
up.
c. Working capital may be used to purchase raw material, merchandise inventory for stock,
fixed asset when the company plans to invest into a business.
d. Working capital may be used to purchase raw material, merchandise inventory for stock,
when the revenue not yet coming up.
D

41. A propose to invest in additional assets in order to enter a new line of business is an
example of:
a. Mutually exclusive project
b. Potential project
c. Asset replacement project
 d. Asset expansion project

42. Which statement is true:

a. None of these.
b. Initial investment may include Cost of new asset, installation and shipping cost.
c. Initial investment may include Cost of new asset and working capital.
d. Initial investment may include Cost of new asset, installation and shipping cost of new
asset and net working capital.
D

43. Which statement is true?

a. None of these.
b. Project proposals cannot be generated in isolation, they have to fit with a firms corporate
goals, its vision, mission and long term strategic plan.
c. Project proposals cannot be generated in isolation, they have to fit with a firms corporate
goals, its vision, mission.
d. Project proposals can be generated in isolation, they have to fit with a firms corporate
goals, its vision, mission and long term strategic plan
D
44. The governmental political attitudes towards the project is an example of:
a. Quantitative factors of the project
b. Qualitative factors of the project
c. Possible factors of the project
d. Impossible factors of the project
B

45. The scope of Project appraisal may includes:

a. A review of financial aspect of a project to determine if it will meet its objectives.
b. None of these
c. A systematic and comprehensive review of the economic, financial, technical and other
such aspects of a project to determine if it will meet its objectives.
d. A systematic and comprehensive review of the economic, environmental, financial,
social, technical and other such aspects of a project to determine if it will meet its
objectives.
D

46. Major investments may require, for example, more inventories and higher salaries
payable. This is investment in:
a. All of these
b. Fixed assets
c. Net working capital
d. Current assets
C

47. It is an allocation of the initial cost of an asset over a number of accounting periods. What
is this?
a. Depreciation
b. Accounting income
c. Cost of new assets
d. Initial investment
A

48. If all the things remain, which statement is true:

a. Net operating cash flows reduce if increasing in depreciating time.
b. None of these.
c. Changing in depreciating time, Net operating cash flows have no change.
d. Net operating cash flows increase if increasing in depreciating time.
D

49. Which has relationship with firms overall goal:

a. Investment decision
b. Financing decision
c. Dividend decision
d. All of these

D
50. All of the following influence capital budgeting cash flows except which one?
a. projected sales (revenues) for the project
b. choice of depreciation method for tax purposes
c. sunk costs of the project
d. economic length of the project
C

51. A project whose acceptance does not prevent or require the acceptance of one or
more alternative projects is referred to as a/an:
a. mutually exclusive project
b. dependent project
c. contingent project
d. independent project
D

52. Estimated value of selling a depreciable asset or property at the end of its useful life
in a project approsal is called:
a. Initial cost
 b. None of these
c. Depreciation
d. Residual value

53. Which point need to concern in capital budgeting:

a. All of these
b. Do not forget working capital requirements
c. Include opportunity costs
d. Forget sunk costs
A

54. In the financial appraisal of a project the criterion which does not consider the cash
flows for the entire life of the project is:
a. Payback period
b. Net Present Value
c. None of these
d. Internal Rate of Return
A
55. The length of time a firm must wait to recoup the money it has invested in a project
is called:
a. The profitability period
b. The payback period
c. The discounted cash period
d. The internal return (IRR)
B
56. None discounted cash flow anlysis includes:
a. Payback period (PP) and accounting rate of return (ARR)
b. Net present value (NPV) and internal rate of return (IRR)
c. Payback period (PP) and internal rate of return (IRR)
d. Accounting rate of return (ARR) and internal rate of return (IRR)
A
57. Which statement is true:
a. None of these.
b. The internal rate of return method do not consider the time value of money, and also
ignores cash-flows that occur after the maximum pay-back time.
c. The accounting rate of return-method do not consider the time value of money, and also
ignores cash-flows that occur after the maximum pay-back time.
d. Pay-back methods do not consider the time value of money, and also ignores cash-flows
that occur after the maximum pay-back time.
D
58. Fill in the blank:
 The change in firm value associated with investment in a project is measured by the projects
(..........)
a. Net present value
b. Discounted payback period
c. Payback period
d. Internal rate of return
A
59. Which project appraisal method is mentioned below:
Straight-line' method of estimating average returns from an investment, it uses accrual based
financial statements instead of compounded or discounted cash flows.
a. IRR Method
b. ARR Method
c. PB Method
d. NPV Method
B
60. Risk free rate using in discount technique can be obtained from:
a. All of these
b. Risk free loan
c. Risk free asset
d. Risk free money
C or D
61. Which statement is true about Average Accounting Return (ARR):
a. Uses accounting earnings, not cash flows
b. All of these
c. Relatively easy to calculate
d. Ignores the timing of the earnings
B
62. Net present value:
a. This is calculated by subtracting a project's net investment from the expected cash flows
discounted at the firm's cost of capital.
b. This is calculated by subtracting a project's net investment from the expected net cash
flows discounted at the firm's cost of capital.
c. This is calculated by subtracting a project's net investment from the expected net cash
flows at the firm's cost of capital.
d. This is calculated by subtracting a project's net investment from the expected net cash
flows discounted at the internal rate of return.
D
63. Discounted cash flow anlysis includes:
a. Accounting rate of return (ARR) and internal rate of return (IRR)
b. Net present value (NPV) and internal rate of return (IRR)
c. Payback period (PP) and internal rate of return (IRR)
d. Payback period (PP) and accounting rate of return (ARR)
B
 64. To compute the required rate of return for equity in a company using the CAPM, it is
necessary to know all of the following EXCEPT:
a. the market return expected for the time period.
b. the beta for the firm.
c. the earnings for the next time period.
d. the risk-free rate.
C
65. The cost of common equity for a firm is
a. The market risk premium
b. The yield to maturity on the bond
c. The risk-free rate
d. The required rate of return on the company's stock
D
66. The factors that have impact on discounted rate (r) of a project is:
a. Expected profitability of each side involves.
b. Capital structure.
c. All of these.
d. The risk as well as the profitability of the project.
C
67. rE = rF + (rM rF) (CAPM model).
Which statement is true about rM:
a. rM is the risk free rate.
b. None of these.
c. rM is the expected return of the owner.
d. rM is the expected return on the market.
D
68. Which statement is the most correctable?
a. The Net Present Value and Internal Rate of Return decision rules consider the Time Value
of Money.
b. The Net Present Value and Accounting Rate of Return decision rules consider all of the
project's cash flows and the Time Value of Money.
c. The Accounting rate of return and Internal Rate of Return decision rules consider all of the
project's cash flows and the Time Value of Money.
d. The Net Present Value and Internal Rate of Return decision rules consider all of the
project's cash flows and the Time Value of Money.
D
69. Note on the calculation of IRR includes:
a. There are as many possible solution for the IRR as there are changes of sign.
b. A perticular structure of cash flows may have no IRR solution.
c. All of these.
d. The Excel calculation of IRR has specific rules.
D
 70. The discount rate that reduces to zero the net present value of a stream of income
inflows and outflows. What is this?
a. Internal rate of return (IRR)
b. None of these
c. Rate of return
d. Interest rate
A
71. Which method doest not belong to Time Adjusted Method or Discounted Cash Flow
Method:
a. Internal Rate of Return Method.
b. Accounting rate of return Method.
c. All of these.
d. Net Present Value Method.
B
72. What two things does the payback method ignore?
a. timing of cash flows and cash flows after the payback period.
b. timing of cash flows.
c. cash flows after the payback period.
d. timing of cash flows and cash flows after the terminal period.
A
73. With the same project, which statement is true:
a. The time needed to cover initial investment in Discounted payback (DPB) is equal to
payback (PB).
b. The time needed to cover initial investment in Discounted payback (DPB) is greater than
payback (PB)
c. None of these.
d. The time needed to cover initial investment in Discounted payback (DPB) is less than
payback (PB)
B

74. Government bond is an example of:

a. Risk free asset
b. Risk free money
c. None of these
d. Risk free loan
A

75. Which method provides more confidence, the payback method or the net present value
method?
a. Payback because it tells you when you break even.
b. Net present value because it does not need to use cost of capital.
c. Net present value because it considers all inflows and outflows and the time value of
money.
 d. Payback because it provides a good timetable.
C

76. Which statement is true?

a. Generally, for project evaluation, discounted cash flow analysis (DCF) is prefer to none
discounted cash flow (NDCF) analysis
b. None of these.
c. Generally, for project evaluation, discounted cash flow analysis (DCF) is as valuable as
none discounted cash flow (NDCF) analysis.
d. Generally, for project evaluation, non-discounted cash flow analysis (NDCF) is prefer to
discounted cash flow (DCF) analysis.
A

(1) It does not measure the profitability of a project

(2) It does not value projects of different economic lives
(3) This method does not consider income beyond the pay-back period.
These are disadvantages of which project appraisal method:

A
Internal Rate of Return Method.
B
Pay back Method.
C
Accounting rate of return Method.
D
All of these.

Note on the calculation of IRR includes:

A
All of these.
B
There are as many possible solution for the IRR as there are changes of sign.
C
A perticular structure of cash flows may have no IRR solution.
D
The Excel calculation of IRR has specific rules.

The cost of common equity for a firm is

A
The yield to maturity on the bond
B
The market risk premium
C
The risk-free rate
D
The required rate of return on the company's stock
SUBMIT ANSWER
Which one of these is the advantage of the pay back method in project appraisal:

A
Simple to calculate
B
Relatively easy to understand
C
Concentrate on earlier cash flows of a project
D
All of these

The discount rate that reduces to zero the net present value of a stream of income inflows and
outflows. What is this?

A
Internal rate of return (IRR)
B
None of these
C
Rate of return
D
Interest rate

Which statement is true:

A
The main disadvantage with the accounting rate of return-method is that it uses accounting
numbers (instead of cash-flows) and does not consider the time value of money.
B
The main disadvantage with the accounting rate of return-method is that it uses accounting
numbers (instead of cash-flows) and does not consider cash flows of the whole projects life.
C
None of these.
D
The main disadvantage with the accounting rate of return-method is that it uses accounting
numbers (instead of cash-flows) and does not consider the accounting profit.

One might use several evaluation techniques to assess a given project to measure different
aspects of the project such as:

A
all of these
B
the NPV measures the change in firm value
C
the payback period measures liquidity
D
the IRR measures the rate of return on the initial outlay

The length of time a firm must wait to recoup the money it has invested in a project is called:

A
The internal return (IRR)
B
The profitability period
C
The discounted cash period
D
The payback period

Which statement is true:

A
None of these.
B
Payback period is the period of time over which the accumulated cash ows will greater than the
initial outlay.
C
Payback period is the period of time over which the accumulated cash ows will equal the initial
outlay.
D
Payback period is the period of time over which the cash ows will equal the initial outlay.

Which statement is true:

A
Pay-back methods do not consider the time value of money, and also ignores cash-flows that
occur after the maximum pay-back time.
B
None of these.
C
The accounting rate of return-method do not consider the time value of money, and also ignores
cash-flows that occur after the maximum pay-back time.
D
The internal rate of return method do not consider the time value of money, and also ignores
cash-flows that occur after the maximum pay-back time.

Net present value:

A
This is calculated by subtracting a project's net investment from the expected net cash flows
discounted at the internal rate of return.
B
This is calculated by subtracting a project's net investment from the expected net cash flows at
the firm's cost of capital.
C
This is calculated by subtracting a project's net investment from the expected cash flows
discounted at the firm's cost of capital.
D
This is calculated by subtracting a project's net investment from the expected net cash flows
discounted at the firm's cost of capital.

Which statement is true:

A
None of these.
B
The NPV method has the important advantage that the end result of the computations is
expressed in dollars and not in a percentage.
C
The IRR method has the important advantage that the end result of the computations is expressed
in dollars and not in a percentage.
D
The PB method has the important advantage that the end result of the computations is expressed
in dollars and not in a percentage.
SUBMIT ANSWER
The factors that have impact on discounted rate (r) of a project is:

A
The risk as well as the profitability of the project.
B
All of these.
C
Expected profitability of each side involves.
D
Capital structure.

To compute the required rate of return for equity in a company using the CAPM, it is necessary
to know all of the following EXCEPT:

A
the earnings for the next time period.
B
the beta for the firm.
C
the market return expected for the time period.
D
the risk-free rate.

A future cash flow can be converted into present value using a suitable discount rate that is:

A
High returned rate
B
Risk free rate
C
Potential rate
D
Low returned rate

Discounted cash flow anlysis includes:

A
Accounting rate of return (ARR) and internal rate of return (IRR)
B
Net present value (NPV) and internal rate of return (IRR)
C
Payback period (PP) and accounting rate of return (ARR)
D
Payback period (PP) and internal rate of return (IRR)

Which method doest not belong to Time Adjusted Method or Discounted Cash Flow Method:

A
Accounting rate of return Method.
B
Internal Rate of Return Method.
C
Net Present Value Method.
D
All of these.

Which statement is the most correctable?

A
The Net Present Value and Accounting Rate of Return decision rules consider all of the project's
cash flows and the Time Value of Money.
B
The Accounting rate of return and Internal Rate of Return decision rules consider all of the
project's cash flows and the Time Value of Money.
C
The Net Present Value and Internal Rate of Return decision rules consider the Time Value of
Money.
D
The Net Present Value and Internal Rate of Return decision rules consider all of the project's
cash flows and the Time Value of Money.

Projects that are calculated as having negative NPVs should be:

A
charged less in overhead costs.
B
discounted using lower rates.
C
depreciated over a longer time period.
D
rejected or abandoned.
Q18: (WACC) in case of having corporation tax greater without corporation tax

Wacc in case of having corporation tax Greater without corporation tax

Q19: Seclect the project with

NPV >= 0

Q20: IRR is a rate at which:

NPV = 0

Q21: Point of view in doing project appraisal exclude:

AEPV

Q28: which statement is true

Independent project is one the acceptance of rejection of which does not directly eliminate other
projects

Q29: Which statement is true

Contingent project is one the acceptance or rejection of which is dependent of the decision to acceot ir
reject one or more other projects

Q31: Straight-line method of estimating average retunrs from an investment, iit uses accrual based
financial statements instead if compounded discounted cash flows/

ARR

Q32: In finance theory the objective of the firm is assumed to be

Long-term shareholder wealth maximization

Q34: which statement is true:

The total initial cost needed not to be released 100% at the beginning of the project

Q37: That is employed in assets of durable nature for repeated use over a long period. This refers to:

Fixed investment

Q38: Point in time (or in number of units sold) when the forecasted revenue exactly equals.

Bzeakeven point

Q41: Which statement is true:

Net cash flow and the accounting profit is different

Q42: According to indirect method, the banks point of view, total net cash flow is:

Project after tax plus depreciation and interest

Q43: Which statement is true?

Initial investment is not always put into project at the first year of investment

Q45: Which statement is true:

Capital budgeting is primarily concerned with sizable investments in long-term assets

Q46: which one of the following is a capital budgeting decision>

deciding whether or not to purchase

Q48: In discounted cash flow analysis, which of the following is a good decision rule?

If NPV is greater than 0 and IRR is greater than or equal to opportunity cost of capital then select

Q50: Which statement is true:

In project evaluation, the cash flows of a project refers to the expected future cash flow

Q52: Balance remaining after deducting cash outflows from cash inflows.

Net cash flow

Q55: Projects risk can be reduced by doing

All of these

Q66: qualitative factors in project evaluation includes:

All of theses

Q67: Once investment projects have passed through the decision stage, what is the next stage:

The accept/reject decision

Q68: Which statement is true:

Indi mental cash flows can be calculated by comparing the total future cash flow of the firm with and
without the project

Q69: Which statement is true:

Synergistic effects can be negative or positive

Q78: Which statement is true:

Normally the total value of the pool . to be recovered at the termination of the project

Q80: Which statement is true:

The cash flows of a project are spread over many years