机会成本（opportunity cost)

资本的机会成本(opportunity cost of capital)

Which of the following types of cost are relevant to making financial decisions:

A . sunk cost

B . opportunity cost

C . material cost

D . A and C only

E . B and C only

A、less than (小于)

B、greater than (大于)

C、less than or equal to (小于或等于)

D、one-half of (二分之一)

A、an expected return for delaying consumption. (延迟消费的预期回报。)

B、an expected return for opportunity costs. (机会成本的预期回报。)

C、an expected return for taxes. (预期的税收回报。)

D、irrational investors who believe risk is always present. (认为风险始终存在的非理性投资者。)

A．As the economy grows, literacy declines下降 because it becomes less and less useful in a developed economy．

B．Increased literacy initially最初 stimulates刺激 economic growth by raising提高 labor productivity, but as the economy grows and the opportunity cost机会成本 of education rises, literacy declines．

C．Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume消费 more education．

D．There is no correlation关联 between economic growth and literacy．

A．As the economy grows, literacy declines下降 because it becomes less and less useful in a developed economy．

B．Increased literacy initially最初 stimulates刺激 economic growth by raising提高 labor productivity, but as the economy grows and the opportunity cost机会成本 of education rises, literacy declines．

C．Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume消费 more education．

D．There is no correlation关联 between economic growth and literacy．

A、Project A is preferred because shareholder value is based on cash flow. (首选项目A，因为股东价值基于现金流量。)

B、Project B is preferred because its cash flow is expected to be received sooner than the cash flow from Project A. (首选项目B，因为预计其现金流比项目A的现金流要早收到。)

C、Both projects have equal value (两个项目的价值相等)

D、Project B may be preferred to Project A if the opportunity cost of money is high enough. (如果金钱的机会成本足够高，则项目B可能比项目A更可取。)