[单项选择]Which of the following statements concerning Board committees is FALSE（）
A. The audit committee has authority over the procedures used to audit the entire corporate group including subsidiaries and affiliates.
B. The compensation committee should consist of independent members and link executive compensation to long-term performance.
C. Members of the audit committee should be independent experts in accounting and finance.

[单项选择]Which of the following statements concerning aggregate demand is most accurate（）
A. When price levels rise, real wealth increases, and individuals will spend more.
B. When price levels rise, real wealth decreases, and individuals will spend less.
C. When price levels fall, real wealth increases, and individuals will spend less.

[单项选择]Which of the following statements concerning modern linguistics is NOT correct（　）.
A. It is mostly descriptive.
B. In modern linguistics, a synchronic approach seems to enjoy priority over a diachronic one.
C. It regards the spoken language as the natural or the primary medium of human language.
D. It forces languages into a Latin-based framework.

[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 concerning Agent Orange is NOT true
A. It was used to kill plants.
B. It was blamed for causing cancer.
C. It’ s a kind of chemical weapon.
D. It’ s widely used in Vietnam by US forces.

[单项选择]Which of the following statements concerning inflation is least accurate（）
A. Inflation tends to erode the purchasing power of a currency.
B. There are two fundamental types of inflation, demand-pull and cost-push.
C. Anticipated changes in inflation have greater impacts on real economic outcomes than unanticipated changes.

[单项选择]Which of the following statements concerning coupon rate structures is FALSE （）
A. Step-up notes have coupon rates that increase over time at a pre-specified rate.
B. Accrual bonds have only one cash inflow at maturity.
C. Accrual bonds, like zero-coupon bonds, always sell at a discount to face value.

[单项选择]With which of the following statements concerning the traditional public education efforts of nutritionists would the author most likely agree
A. They have erred by publicly presenting the dietary model of the Japanese as healthier than that of the Greeks.
B. By advocating the avoidance of vegetable oils and fish, they could potential contribute to a fifty percent reduction in coronary heart disease rates.
C. They have tended to overemphasize the dangers of fat consumption at the expense of subtle but important distinctions among categories of fats.
D. They have afforded too much importance to non-dietary negative influences on Western health.
E. They have failed to observe the similarity of effects resulting from the consumption of low and high density lipoproteins.

[单项选择]Which of the following statements concerning early debt retirement is least accurate（）
A. When debt is retired prior to maturity at its book value, no gain or loss is reported on the transaction.  
B. Under U. S. GAAP, an accounting gain or loss will usually be recorded for in substance defeasance.  
C. If a firm retires non-callable debt because interest rates have changed, there is usually no economic gain on the transaction.

[单项选择]Which of the following statements concerning efficient markets and anomalies is the least likely to be correct（）
A. Processing information has a cost and takes time, so some market participants may be rewarded for performing fundamental analysis if they act quickly.
B. Strategy risk refers to the fact that the model used to adjust for risk may not be correctly specified.
C. The arbitrage required to exploit an anomaly may not be riskless because there is no guarantee that the price will return to fair value.

[单项选择]Which of the following statements concerning the persistence of pricing anomalies is least likely to be correct（）
A. Arbitrageurs may exploit opportunities down to the point where the remaining mispricing is approximately equal to transactions costs.
B. If the shares of an IPO cannot be shorted, mispricing may be difficult to exploit.
C. Small profit opportunities are difficult to exploit in the absence of derivative securities.

[单项选择]Which of the following statements concerning the security market line (SML) and the capital market line (CML) is true（）
A. All portfolios are expected to lie on the CML.
B. All securities are expected to lie on the CML.
C. All securities are expected to lie on the SML.

[单项选择]Which of the following statements concerning the notes to the audited financial statements of acompany is least accurate Financial statement notes:（）
A. provide information about accounting methods used by the company.
B. contain information about contingent losses that may occur.
C. include management’ s assessment of the company’ s operating performance and financial results.

[单项选择]Which of the following statements concerning the effects of interest rate volatility on bonds with embedded options is FALSE（）
A. As yield volatility increases, the value of callable bonds decreases.
B. A putable bond’s value is its straight bond value plus the value of the embedded put option.
C. A callable bond’s value is its straight bond value plus the value of the embedded call option.

[单项选择]Which of the following statements concerning the tuition for MBA programs in Canada is true
A. The full tuition is the same in Canadian universities.
B. The tuition in government-subsidized universities is about ＄5500 per year.
C. Only the top 5 students entering the MBA program are given a generous scholarship.
D. International students may not pay the full tuition.

[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 statement concerning about the probability concepts is TRUE（）
A. A joint probability is the probability that two or more events happen concurrently.
B. Subjective probability is a probability drawing on observation.
C. A random variable is a quantity whose outcomes are certain.

[单项选择]Which of the following statements best summarizes the main idea of the passage
A. The sugar industry varies in prosperity among producing countries in Latin America.
B. World sugar producers all suffer from short supply of canes.
C. The world sugar industry is undergoing fatal depression.
D. Major sugar producers have adopted different strategies to combat the sluggish economy.