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发布时间:2024-03-13 07:24:09

[单项选择]Which of the following statements is FALSE All else equal, a floating-rate bond with:()
A. coupon reset dates every 3 months will have more price fluctuation than a bond with reset dates every 6 months.
B. a fixed-margin rate in the coupon formula will experience greater price fluctuation than a bond with an adjustable margin rate.
C. an interest rate cap will have more price fluctuation than a bond with no interest rate cap.

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[单项选择]Which of the following statements is FALSE()
A. A deferred tax asset results when pretax income exceeds taxable income.
B. Taxable income is a term used for tax reporting, while pretax income is used with financial reporting.
C. When a deferred tax liability reverses, it means that a cash outflow for taxes is occurring.
[单项选择]In the following statements, which one is true
A. Those Afghan refugees have lived in Pakistan for 20 years.
B. The group of Afghan refugees includes 200 people.
C. The Afghan refugees are bound to Pishin District.
D. Kandahar region lies in west southern Afghanistan.
[单项选择]Which of the following statements about nonrecurring items is most accurate()
A.   The correction of an accounting error is reported net of taxes below extraordinary items on the income statement.B. Uninsured losses from earthquakes and expropriations by foreign governments can be classified as extraordinary items under U. S. GAAP and reported net of taxes after income from continuing operations. 
B. Discontinued operations are classified as unusual or infrequent and are reported as a component of net income from continuing operations.
[单项选择]Which of the following statements about verification of compliance with the Global Investment Performance Standards (GIPS) is least accurate()
A. Verification is voluntary. 
B. Verification report can be performed by an independent third party. 
C. Verification report can be performed with specific composites.
[单项选择]Which of the following statements regarding index funds is least accurate()
A. One disadvantage of index funds is that they do not provide access to international securities. 
B. One advantage of index funds is that they allow for diversification that is typically not available to the average individual investor due to a lack of resources. 
C. One might conclude from the efficient market literature that an investor should mimic the market’s performance and minimize costs by buying index funds.
[单项选择]Which of the following statements best illustrates the main point of the last paragraph of the passage
A. Einstein was not a thoroughgoing realist, in particular where the interpretation of quantum mechanics was concerned.
B. When Newton predicted that gravity affects all objects equally, his theory was not improved by experimental trials.
C. Those impressed by Hume’s argument often conclude that experience plays only a psychological or rhetorical role.
D. Pasteur’s search for a means of bacterial sterilization was assisted greatly by the process of experiment.
E. Galileo’s astronomy theory itself was less reliable than the predictions he drew from it.
[单项选择]Which of the following statements regarding capital budgeting is correct A firm’s optimal capital budget can be found by moving along its investment opportunity schedule until: ()
A. it exhausts its capital budget. 
B. the marginal revenue product is equal to marginal cost. 
C. the next project’s return no longer covers the marginal cost of capital.
[单项选择]Which of the following statements regarding survivorship bias in hedge funds is TRUE Survivorship bias tends to: ()
A. understate the performance and overstate the volatility of hedge funds. 
B. overstate the performance and understate the volatility of hedge funds. 
C. overstate both the performance and volatility of hedge funds.
[单项选择]Which of the following statements about portfolio risk is true()
A. In the absence of perfectly positive correlation, a portfolio will always have lower risk than the average risk of the component assets.
B. In the absence of perfectly positive correlation, a portfolio will always have lower risk than the risk of each of the component assets. 
C. In the absence of perfectly negative correlation, a portfolio will always have lower risk than the risk of each of the component assets.
[单项选择]Which of the following statements regarding depreciation expense in the cash flow statements is TRUE Depreciation is:()
A. added back to net income when determining CFO using the direct method. 
B. added back to net income when determining CFO using the indirect method. 
C. considered a cash item.
[单项选择]Which of the following statements regarding forward contracts on T-bills is TRUE()
A. If short-term yields increase unexpectedly after contract initiation, the short will profit on the contract.
B. There is no default risk on these forwards because T-bills are government-backed.
C. The long will receive a payment at settlement if the discount yield is above the forward yield.
[单项选择]Which of the following statements is TRUE
A. The Hunchback of Notre Dame is a film only for adult.
B. Body Double is a character in Striptease.
C. Demi gets $12.5 million for her roles in two films.
D. Demi doesn’t go naked in The Hunchback of Notre Dame.
[单项选择]Which of the following statements concerning Adorno’s musical criticism can be inferred from the passage
A. Adorno failed to account for rock ’n’ roll as a musical form largely because it wasn’t commercial enough.
B. His methodology was advanced on the whole, but failed to take into account enough categories of music to be comprehensive.
C. Adorno ignored non-pop music largely because he felt its cultural influence was negligible.
D. Adorno’s greatest failure was in ignoring the music of non-capitalist societies.
E. Adorno’s work was near-sighted largely because it focused on the primacy of radio and record, ignoring less popular means of transmitting music.
[单项选择]Which of the following statements concerning nanotechnology research is most directly suggested in the passage
A. Nanotechnology research tends to be more focused on the process of building multiple molecules than chemistry research.
B. Nanotechnology research is increasingly less bound to operations on the microscopic level than it once was.
C. The practitioners of nanotechnology tend to be more optimistic than pragmatic in choosing its methodology.
D. Nanotechnology research involves a much greater level of technical knowledge, on the whole, than chemistry research.
E. Nanotechnology research tends to be more concerned at this stage with precision than convenient mass production.
[单项选择]Which of the following statements regarding economic costs is most accurate()
A. Sunk costs involve setting aside payments to retire long-term debt.
B. In the long run, expected average marginal cost is the most relevant cost to the firm.
C. Fixed costs are not a consideration in the short run operating decision, but must be considered in the long run.
[单项选择]Which of the following statements regarding diminishing marginal returns is most accurate()
A. As the quantity produced rises, costs begin to rise at a decreasing rate.
B. As the quantity produced falls, costs begin to rise at a decreasing rate.
C. As the quantity produced rises, costs begin to rise at an increasing rate.
[单项选择]Which of the following statements regarding marginal costs (MC) and average variable costs (AVC) is most accurate()
A. MC = AVC when AVC is at its minimum.
B. MC < AVC when AVC is at its minimum.
C. MC = Average total cost when AVC is at its minimum.
[单项选择]Which of the following statements is INCORRECT
A. Cleaning products should look like water.
B. Many products have chemicals and false colorings.
C. Food with synthetic chemicals is harmful.
D. The low-lying chemical isn’t detrimental to children.
[单项选择]Which of the following statements about hypothesis testing is most accurate()
A. The probability of a Type I error is equal to the significance level of the test.
B. If you can disprove the null hypothesis, then you have proven the alternative hypothesis.
C. To test the claim that X is greater than zero, the null hypothesis would be Ho : X>0.

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