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发布时间:2024-02-03 20:03:58

[单项选择]Which of the following is least likely to describe a cross-sectional data set()
A. An index's quarterly returns in 2011.
B. The annual sales growth of companies in mining industry in 2011.
C. Price-to-earnings ratios of publicly traded companies at the end of 2011.

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[单项选择]Which of the following least likely affects how the burden of a tax is divided between buyers and sellers()
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B. Elasticity of demand.
C. Whether the tax is imposed on buyers or on sellers.
[单项选择]Which of the following statements is least likely an incentive to the lessee for structuring a lease as an operating lease rather than a capital lease()
A. Operating leases are advantageous to the lessee’ s management when their compensation depends on return on assets or invested capital.  
B. An operating lease is advantageous when the lessee wants to keep debt off its balance sheet.  
C. If the lessee is in a higher marginal tax bracket than the lessor, the lease should be structured as an operating lease so that the lessee can take advantage of the depreciation of the leased equipment.
[单项选择]Which of the following factors would least likely result in demand-pull inflation An increase in:()
A. exports.
B. the wage rate.
C. the quantity of money.
[单项选择]Which of the following situations is least likely to lead to high barriers to entry and monopoly supply()
A. Natural resources are spread among many firms.
B. Governmental licensing and regulations are present.
C. Economies of scale are present.
[单项选择]Which of the following is least likely a disadvantage of a callable bond to an investor The:()
A. investor is exposed to reinvestment rate risk.
B. cash flow pattern of a callable bond is not known with certainty.
C. issue often offers a higher coupon rate than a comparable option-free bond.
[单项选择]Which of the following is least likely an important requirement of good corporate governance ()
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B. A board should be composed of at least a majority of independent board members.
C. Board members should have appropriate experience and expertise relevant to the company’s business.
[单项选择]Which of the following is least likely a violation of the CFA Institute Standards of Professional Conduct relating to knowledge of the law. A member is failure to:
[单项选择]Which of the following statement is least likely correct A speculative:()
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B. company has highly risky assets.
C. stocks have a slight probability of an enormous return.
[单项选择]Which of the following is least likely to be cited as a limitation of discretionary fiscal policy stabilizers()
A. Changes in the business cycle are difficult to predict.
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C. Legal changes are delayed while legislators debate fiscal policy issues.
[单项选择]Which of the following is least likely to be considered a drawback of utilitarianism( )
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B. High income earners will work more.
C. Cost of tax administration associated with wealth transfers.
[单项选择]Which of the following is least likely among the usual investment constraints that should be considered()
A. Tax concerns and Legal factors.
B. Adherence to the Standards of Practice.
C. Unique needs and Preferences.
[单项选择]Which of the following is least likely to be an incentive for structuring a lease as an operating lease instead of a capital lease()
A. The period of use is short relative to the overall life of the asset.  
B. The lessee is in a high tax bracket and the lessor is in a low tax bracket.  
C. The corporate bond indenture contains specific covenants relating to financial policies that the company must follow.
[单项选择]Which of the following is least likely to be a problem with accounting for internally generated intangible assets()
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D. Blowing the nose gently.
[单项选择]Which of the following are most likely recognized as cash flows for capital budgeting purposes()
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[单项选择]Which of the following statements is least accurate According to the quantity theory of money:()
A. velocity is determined by institutional factors.
B. inflation is a function of increases in the money supply.
C. the price level is equal to the quantity of output divided by the money supply.

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