TEST SELECTIVIDAD 305.- Created by Antonio Ginés

The dividend is:
1. The part of distributable profit that correspond to each share
2. The part of the capital that each partner has
3. The value of the share on the Stock Market
The issuance of shares is a method of financing:
1. Short-term external
2. External in the medium and long term
3. Internal
Maintenance self-financing is made up of:
1. Reserves
2. Amortizations and provisions
3. Sinking funds and reserves
Updating the net cash flows to the current moment and obtaining the capital value at that moment, is called:
1. Upgrade rate or discount
2. Recovery or pay-back value
3. Net present value
If the working capital is negative, it indicates that:
1. Own funds are lower that other funds
2. The company is bankrupt
3. Non-current assets are greater than permanent financing
The average maturation period of the company is:
1. The average time that the operating cycle lasts
2. The time it takes for non-current assets to be paid
3. The time that elapses from when the long-term loan is obtained until it's repaid
When a bond, whose nominal is €60, and is place at €55, it's said that the issue was made:
1. Below par
2. Above par
3. At par
The issuance of collection rights on customers to a financial intermediary is an operation of:
1. Effect discount
2. Factoring
3. Bank loan
What is meant by the sale of shares at par?
1. That the sale price is less that the face value
2. That the sale price is greater than the face value
3. That the sale price is equal to the nominal value
They constitute external resources:
1. The loans
2. Collection rights on customers
3. The legal reserve
The shareholders of the Public Limited Companies:
1. They don't have the right to preferential subscription in the issuance of new shares
2. None of the other answers is correct
3. They respond personally and unlimitedly with all their personal assets to the debts of the company
At the end of the contract in the "leasing" operations:
1. The lessee must buy the good
2. The lessee has the option to buy the property
3. The leasing company is free to sell the property to whomever it wants
Factoring consists of:
1. Leasing a producing factor for the development of the production process
2. Cease collection rights on clients to a specialized company
3. None of the other answers is correct
What is working capital?
1. The excess of current assets over short-term debts
2. Accumulation of depreciation of fixed assets
3. Accumulation of undistributed earnings
The working capital is defined as:
1. Non-current assets - Current liabilities
2. Current assest - Current liabilities
3. Current assets + Current liabilities
The internal rate of return criterion accepts the investment as long as:
1. As the result is positive
2. The cost of capital is less that the internal rate of return on the investment
3. The cost of capital is higher that the rate of return on investment
What is understood by own financing?
1. It's the one provided by the banks
2. It's what customers provide
3. It's the one provided by the employer
The following are sources of external financing for the company in the long term:
1. Share capital and share issue premiums
2. Reserves for the year
3. Results for the year and sinking funds
The criterion of the payback period:
1. It's a criterion of profitability
2. It's a criterion of liquidity
3. It's a criterion of productivity
The difference between cash collections and payments is called:
1. NPV
2. Initial outlay
3. Cash-flow
The preferential subscription right in capital increases:
1. You can buy and sell it
2. It isn't transferable, it can only be exercised by the former shareholder, it can't be sold
3. It's forbidden by current legislation
A financial lease is:
1. A credit that works like a checking account
2. It's a finance lease with an option to buy
3. The delivery to a company of the debts of clients so that we can advance the collection and manage it
The new economy:
1. It's a new way of doing economics as science
2. It's a way of understanding the economics of the company
3. It's a new economic reality that undergoes important changes
When the working capital of a company is negative. You can ensure:
1. That non-current assets are higher than permanent capital
2. The the company is in technical bankruptcy
3. That current assets are higher that current liabilities
Capital is a source of financing:
1. Own and internal
2. Own and external
3. Third-party and long term