更多"Which of the following statements i"的相关试题:
[单项选择]Which of the following statements is least accurate Nonrefundable bonds:()
A. holder is protected only if interest rates decline.
B. holder is protected from obtaining lower-cost money to pay off the debt.
C. provide greater assurance against premature and unwanted redemption than callable bonds.
[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 actions was least likely a warning sign of potential earnings manipulation disclosed in Sunbeam’ s financial statement footnotes()
A. A record level of earnings, yet operating cash flow was negative.
B. Significant use of barter transactions.
C. Receivables were increasing, but bad debt expense was decreasing.
[单项选择]Which of the following actions is least likely to immediately increase earnings()
A. Selling more inventory than is purchased or produced.
B. Lowering the salvage value of depreciable assets.
C. A high proportion of management’ s compensation depends on the firm exceeding targets for earnings or the stock price.
[单项选择]Which of the following is the least likely outcome when a monopoly adopts perfect price discrimination because of the customers’ differing demand elasticities()
A. The monopolist shares the total surplus with consumers.
B. The price for marginal unit is less than the price for other units.
C. The output increases to the point at which price equals the marginal cost.
[单项选择]Which of the following statement is least likely correct A speculative:()
A. stock is usually under priced.
B. company has highly risky assets.
C. stocks have a slight probability of an enormous return.
[单项选择]Which of the following steps is least likely to be an administrative step in the capital budgeting process()
A. Arranging financing for capital projects.
B. Conducting a post-audit to identify errors in the forecasting process.
C. Prioritizing projects according to project profitability and company resources.
[单项选择]Which of the following statements is most likely to characterize the principal-agent problem between buyers and sellers of services()
A. Principals can impose their own objectives on agents.
B. Principals can have complete information about agent behavior.
C. Agents cannot be completely monitored.
[单项选择]Which of the following least likely affects how the burden of a tax is divided between buyers and sellers()
A. Elasticity of supply.
B. Elasticity of demand.
C. Whether the tax is imposed on buyers or on sellers.
[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 ()
A. Members of the board should serve staggered, multiple-year terms.
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 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.
[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 is least likely a problem associated with the internal rate of return (IRR) method of choosing investment projects()
A. Using IRR to rank mutually exclusive projects assumes reinvestment of cash flows at the IRR.
B. For independent projects, the IRR and NPV can lead to different investment decisions.
C. For mutually exclusive projects, the IRR and NPV methods may result in different investment decisions.