大全-13-5

5.     Financing for a large construction project was provided by a group of banks. When the money was gone before the project was completed, the banks approved additional loans. Now, with funds used up again and completion still not at hand, the banks refuse to extend further loans, although without those loans, the project is doomed.

Which of the following, if true, best explains why the bank’s current reaction is different from their reaction in the previous instance of depletion of funds?

(A) The banks have reassessed the income potential of the completed project and have concluded that total income generable would be less than total interest due on the old plus the needed new loans.

(B) The banks have identified several other projects that offer faster repayment of the principal if loans are approved now to get those projects started.

(C) The banks had agreed with the borrowers that the construction loans would be secured by the completed project.无关

(D) The cost overruns were largely due to unforeseeable problems that arose in the most difficult phase of the construction work.说原因，无关（A）

(E) The project stimulated the development and refinement of several new construction techniques, which will make it easier and cheaper to carry out similar projects in the future.讲后来的结果，无关，另：无关比较点

这题花时1分54秒，在A和B中选，最后选了B。

A对 B是不是也可以啊

谢谢

按B说的

现在发现新的更快收回贷款的项目 所以撤资了

是不是也说得通啊

能再讲讲吗

谢谢

说银行在其它项目上投资并不一定要撤回对现有项目的追加投资吧。

不过我对A也有疑惑：A说因为银行重新评估后发现项目竣工后的收入比银行的贷款利息低所以就停止了追加投资，但是如果现在A停止投资，项目就不能complete,那以前的钱不就白投了吗，损失企不是更大？

又钻牛角尖了。。。

  估计楼上也看不到了

  在作决策时，是要考虑沉没成本，即一旦成本投出去，就不能因为这个成本的未来损益情况影响了以后的决策。

  所以我们只考虑现在还未投出的资金能不能带来收益就行。

  譬如：我以前花一万买了个电脑，但是现在基本过时了，升级的话需要花三千，在买个新的也就五千，这个时候做决策就不能考虑以前的一万会不会浪费了，而要考虑这个三千和这个五千哪一个带来的相对好处要大。

You cannot make money from the investment if the cash flow is negative.

If  total income generable < total interest due on the old plus the needed new loans, then your cash flow will be negative all the time.

So A is correct.