兹维博迪金融学第二版试题库10TB(1)(总15页)
Chapter Ten
Principles of Risk Management
This chapter contains 30 multiple choice questions, 10 short problems, and 5 longer problems.
Multiple Choice
1.________ that matters becau if affects people's welfare. ________ exists whenever one does not know for sure what will occur in the future.
(a)Uncertainty is risk; Uncertainty
(b)Risk is uncertainty; Uncertainty
(c)Risk is uncertainty; Risk铲的组词是
(d)Uncertainty is risk; Risk
Answer: (b)
2.________ is a measure of willingness to pay to reduce one's exposure to risk.
(a)Risk aversion
(b)Risk avariciousness
(c)Risk predilection
(d)Risk inflation
Answer: (a)
3.When choosing among investment alternatives with the same expected rate of return, a risk aver individual choos the one with the ________ risk.
(a)surest
(b)most uncertain
(c)lowest
(d)highest
Answer: (c)
4.________ is a particular type of risk people face becau of the nature of their business or pattern of consumption.
(a)德裔美国人Operational efficiency exposure
(b)Opportunity exposure
(c)Risk exposure
你拥我挤的反义词(d)Risk reduction河东区教育局
Answer: (c)
5.________ are investors who take positions that increa their exposure to certain risks in the hope of increasing their wealth.
(a)Operations insurers
(b)Foreign exporters
(c)Hedgers
(d)Speculators
Answer: (d)
6.The riskiness of an ast or a transaction ________ be assd in isolation or in the abstract.
(a)can
(b)cannot
(c)must
(d)it varies according to the situation
Answer: (b)
7.By definition, ________ are investors who take positions to reduce their exposures.
(a)operations insurers
(b)foreign exporters
(c)hedgers
(d)speculators
Answer: (c)
8.The risk of loss arising from obsolescence due to technological change or changes in consumer taste is an example of ________.
只谈钱不说爱
(a)unemployment risk
(b)liability risk
(c)financial-ast risk
(d)d consumer-durable ast risk欧派橱柜怎么样
Answer: (d)
9.The risk arising from holding different kinds of financial asts such as equities or fixed income curities denominated in one or more currencies is an example of ________.
(a)unemployment risk
(b)liability risk
(c)financial-ast risk
(d)consumer-durable ast risk
Answer: (c)
10.Business risks of the firm are borne by its ________.
(a)shareholders
(b)creditors
(c)employees
(d)all of the above
Answer: (d)
11.________ consists of figuring out what the most important risk exposures are for the unit of analysis.
(a)Risk asssment
(b)Selection of risk management techniques
(c)Implementation
(d)Risk identification
Answer: (d)
12.Which of the following is most likely to need a lot of life insurance?
(a)a single person with no dependents
(b)a divorced person with no dependents
(c)a double-income couple with no kids
(d)married person with children
Answer: (d)
13.________ is the quantification of the costs associated with the risks that have been identified in the first step of risk management.
(a)Risk asssment
(b)Selection of risk management techniques
(c)Implementation
(d)Review
Answer: (a)
14.Selling a risky ast to someone el and buying insurance are examples of ________.
(a)risk avoidance
(b)loss prevention and control
(c)risk transfer
(d)risk retention
Answer: (c)
15.One is said to ________ a risk when the action taken to reduce one’s exposure to a loss also caus one to give up the possibility of a gain.
(a)insure
(b)diversify
(c)hedge
(d)林宥嘉浪费pay a premium with
Answer: (c)
16.zabraWhen you ________ you pay a premium to eliminate the risk of loss and retain the potential for gain.
(a)insure
(b)diversify
(c)hedge
(d)speculate
Answer: (a)
17.In order for diversification to reduce your risk exposure, the risks must be ________
(a)less than perfectly correlated with each other
(b)more than perfectly correlated with each other
(c)uncorrelated
(d)none of the above
Answer: (a)
18.The demand for ways to manage risk has been incread by ________.
