TEST SELECTIVIDAD 309.- Created by Antonio Ginés

The loss of value that occurs in each fiscal year in the non-current assets of the company is called:
1. Amortizations
2. Passive
3. Profit and loss
The criterion that indicates the time necessary to recover the investment is called:
1. Internal rate of return or IRR
2. Recovery period
3. Net present value or NPV
How would the settlement of a debt with a supplier affect the working capital?
1. Decreases
2. It doesn't affect, the working capital remains
3. Increases
The share capital:
1. It's self-financing of the company
2. They are part of third-party financing
3. It's made up of contributions from partners
The issuance of shares is considered:
1. A short-term financial resource
2. Obtaining internal financial resources
3. An own financial resource
Maintenance self-financing:
1. Includes amortizations and provisions
2. Includes capital and reserves
3. Includes reserves, amortizations and provisions
If we had to invest in several alternative investment project, applying the NPV method, we will choose:
1. Invest in the project with the highest NPV
2. Invest in the project with the lowest NPV
3. Invest in the project whose NPV is equal to zero
The provisions:
1. They constitute a means of external financing for the company
2. They are part of the internal financing of the company
3. They are equivalent to the company's reserves
Factoring involves the sale of the company to a financial intermediary of:
1. Collection rights in exchange for a stake in the company's capital stock
2. Collection rights to obtain medium-term liquidity
3. Collection rights to obtain immediate liquidity despite its high cost
Obsolescence in the company's fixed assets is caused by:
1. The emergence of new technologies
2. The use
3. The payment of interest on the elements that have been acquired through a bank loan
One way to calculate the working capital fund is:
1. Current assets + Current liabilities
2. Non-current liabilities + Equity - Non-current assets
3. Current assets - Non-current liabilities
The time that, on average, it takes to recover the money invested in the production process is called:
1. Net Present Value
2. Average maturation period
3. Average collection period
Among the resources of external financing we have:
1. Reserves
2. Amortizations
3. The share capital of the company
If we had to invest among several alternative investment projects, applying the NPV method, we will choose:
1. Invest in the project whose NPV is higher and positive
2. Invest in the project whose NPV is equal to zero
3. Invest in the project with the lowest NPV
Factoring:
1. It constitutes a source of external financing
2. The other answers are correct
3. It constitutes a source of short-term financing
A negative working capital means:
1. That a part of the non-current assets would be financed with the long-term payable
2. That a part of the non-current assets would be financed with short-term payable
3. That a part of the current assets would be financed with the long-term payable
Amortizations and provisions:
1. They are similar to reserves
2. They represent growth for the company
3. They don't represent growth for the company
Which of the following investments is most profitable?
1. IRR (Internal Rate of Return) = 13% and Payback period = 5 years
2. IRR (Internal Rate of Return) = 12% and Payback period = 10 years
3. IRR (Internal Rate of Return) = 6% and Payback period = 10 years
The par value of a share:
1. It's obtained as a quotient between the net equity and the number of shares of the company
2. It's the value of each share and that appears in the title or annotation in account
3. It depends on its listing on the Stock Market
The shares can be classified according to the rights they grant in:
1. Own and released
2. Nominative and bearer
3. Ordinary and privileged
Reserves are a source of financing:
1. Own
2. External
3. Third-party
A company has 1,000 shares with a market value of €14/share and a par value of €12/share. We can say that:
1. It has a capital of €14,000
2. Quote above par
3. Its issue value is €13
The social costs are:
1. The remuneration received by the company's workers
2. Costs that don't vary with production volume
3. The costs generated by the company and borne by society
The par value of a share:
1. It's the value of each share and that appears in the title or annotation in account
2. It's obtained as a quotient between the net equity and the number of shares of the company
3. It must be greater than €10
The following are part of the company's enrichment self-financing:
1. The company's share capital and dividends
2. Reserves
3. Sinking funds
If a company uses a long-term loan to finance itself:
1. Its net worth will decrease
2. It will increase its own financing
3. Its non-current liabilities will increase
In a company, its short cycle:
1. It's the operating cycle
2. It's the life cycle of the product
3. It's the cycle or renewal
The long cycle or capital cycle is:
1. The item you require to produce and sell your merchandise
2. The time it takes to replace the non-current assets
3. The time it takes to distribute profits to the owners