ĐỀ SỐ 3
|Đáp án + Dịch: Mr Nguyễn Lê Giang - Mail: firstname.lastname@example.org|
Đề thi tương tự English Test cho các vị trí Tín dụng, Phê duyệt tín dụng, Kiểm soát nội bộ Vietcombank
(Xem Đáp án từ Trang 5)
1. In assessing the likelihood of loan repayment, it is equally important to focus analysis on management skill and management integrity, since both are fundamental to successful business operations
2. In assessing the risk associated with loan repayment, it is equally important to focus analysis on management skill and management integrity, because ________________ .
A. low integrity may be offset by successful application of business practices in highly competitive situations
B. weakness in one must be offset by strength in the other if debt is to be serviced properly
C. skill can rarely be supplemented readily from external sources
D. both skill and integrity are fundamental to successful business operations
3. In general, a firm that sells a minority of its output to any one buyer is said to have "power" or leverage, in that it can normally dictate the terms of the relationship to the purchaser. (24 Points)
4. If barriers to entry are considered to be low in a given industry, you could expect to see ________________ .
A. a concerted effort on the part of firms in the industry to increase switching costs
B. little effort on the part of firms in the industry to differentiate their product
C. sustained attempts on the part of firms in the industry to minimise value-added product features
D. sustained attempts on the part of firms in the industry to minimise advertising costs
5. If the bargaining power of buyers is weak in a given industry, the suppliers to that sector may well experience ________________ .
A. movement by individual buyers to grow their volume of purchases.
B. efforts by buyers to increase switching costs.
C. pressure from buyers to drive up supply prices by threat of forward integration.
D. demands from buyers to stretch trade payment terms.
6. If products are well differentiated in a given market, a potential entrant may face heavy development and advertising costs to establish itself and its product, thus reducing the threat of entry.
7. Management succession is a critical issue to consider when analysing the management aspect of credit risk primarily because ________________ .
A. corporate governance efforts suffer without smooth transition in management.
B. it provides a head start on future lending relationships and opportunities.
C. loans made now depend on cash flow in the future to be repaid as scheduled.
D. it is important to know exactly who the bank will be working with should the current CEO depart.
8. Market overcapacity decreases credit risk because it suggests customers are demanding more of a given product than the borrower can produce.
9. Management experience plays an important role in the lending decision process because ________________ .
A. the majority of firms that ultimately fail have inexperienced management.
B. in the end, management is responsible for all the decisions and policies adopted and implemented by the company.
C. experience in one business sector is easily transferable to other business sectors.
D. management integrity is a function of job experience.
10. The degree of experience present in the upper management of a business plays a key role in assessing management risk because ________________ .
A. most firms that go out of business do so because of inexperienced management.
B. management integrity is a function of job experience.
C. the time spent in a specific business or industry is the best overall indicator of competence.
D. management is ultimately responsible for decisions and policies adopted and implemented by the business.
11. The generation of future cash flow is typically as dependent on management integrity as it is on management skill.
12. The extent of the experience present in a firm's upper management plays an important role in the credit decision because ______________ .
A. the time spent in a business or industry is the best indicator of competence.
B. management is ultimately responsible for all the decisions and policies adopted and implemented by the business.
C. experience in one industry is usually easily transferred into success in other industries.
D. most businesses that fail are characterised by inexperienced management.
13. Which of the following factors does NOT place the supplier in a position of power, or leverage, in the supplier/buyer relationship? (select all that apply)
A. Importance of the suppliers’ product as an input to industry's products
B. A few suppliers dominate the market
C. Minimal switching costs
D. There is an abundance of substitute products
E. There are many suppliers producing the product
14. Which of the following is least adversely affected by market overcapacity?
A. Product pricing
B. Number of companies in the market
C. Product availability
D. Unit sales
E. Product quality
15. When extending credit to firms in very mature industries, it is critical not only to identify which stage of the cycle an individual business and its industry are in, but also ______________ .
A. how a firm seeks to maintain existing basic technologies.
B. what the industry is doing to retain experienced management teams.
C. what marketing efforts the industry is making to maintain existing customers.
D. what a firm is doing to make the transition to stay in business.