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发布时间:2023-10-21 22:37:05

[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.

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[单项选择]Which of the following statements about capitalizing expenses and depreciation is most accurate()
A. The capitalization of a marketing expenditure (instead of expensing it immediately) will result in an increase in fixed asset turnover ratio.
B. The sum-of-years-digits depreciation method charges the largest amount of depreciation in the first year and then decreases at a declining rate each subsequent year.
C. The sum-of-years-digits depreciation method charges the largest amount of depreciation in the first year and then decreases by a constant amount each subsequent year.
[单项选择]Which of the following statements about securities exchanges is TRUE()
A. Continuous markets are markets where trades occur 24 hours per day.
B. Call markets are markets in which the stock is only traded at specific times.
C. Setting a negotiated price to clear the market is a method that is never used in major continuous markets.
[单项选择]Which of the following statements about portfolio diversification is TRUE( )
A. The efficient frontier represents individual securities.
B. When a risk-averse investor is confronted with two investment opportunities having the same expected return, the investor will take the opportunity with the lower risk.
C. When a portfolio is efficient, it will lie above and to the left of the efficient frontier.
[单项选择]Which of the following statements about accounting for long-term debt is least accurate()
A. For a bond issued at par, interest expense = coupon rate x face value.  
B. For a discount coupon bond, cash flow from operations will decrease by the amount of the periodic coupon payment.  
C. A bond issued at a discount results in lower cash flow from operations and higher cash flow from financing than a bond issued at a premium.
[单项选择]Which of the following statements about dependent and independent events is TRUE( )
A. Two events are independent if the occurrence of one is related to the probability of occurrence of the other.
B. The multiplication rule for probabilities applies only to two independent events.
C. None of the above.
[单项选择] Which of the following statements about the symbols is INCORRECT
A. Both are used as the organization’’s official symbols.
B. Both are used regardless of religious significance.
C. The red cross was the organization’’s original symbol.
D. The red crescent was later adopted for use in certain regions.
[单项选择]Which of the following statements about swap agreements is FALSE( )
A. They are standardized agreements, similar to futures. 
B. Interest rate and currency are common types of swaps. 
C. They allow for the exchange of different sets of future cash flows.
[单项选择]Which of the following statements about embedded options is least likely correct()
A. The call option on a bond cannot trade separately from the bond.
B. If the market value of a putable bond falls below the par value, the issuer will likely exercise the option.
C. The prepayment right granted with a mortgage favors the issuer/borrower.
[单项选择]Which of the following statements about Mir space station is NOT true according to the news
A. It ended its 15 -year mission after it was pitched into the Pacific Ocean.
B. It ended up in an unpopulated part of the Pacific some 1,800 miles southwest of Britain’s Pitcairn Islands.
C. It occurred in the exact area that the Russian space agency had predicted, between Australia and Chile.
D. Its fragments hit a fleet of 27 tuna boats fishing in the South Pacific Ocean.
[单项选择]Which of the following statements about the basic functions of money is TRUE()
A. When money is defined as a medium of exchange, it means that money enables value to be stored and transported.
B. Money’s value is directly related to the level of prices.
C. Money’s function as a unit of account allows individuals to account for debts.
[单项选择]Which of the following statements about the management trainee scheme is TRUE
A. Trainees are required to sign contracts initially.
B. Trainees’ performance is evaluated when necessary.
C. Trainees’ starting salary is 870 pounds.
D. Trainees cannot quit the management scheme.
[单项选择]Which of the following statements about indexes is TRUE ()
A. A price-weighted index assumes an equal number of shares (one of each stock) represented in the index.
B. An unweighted index assumes a proportionate market value investment in each company in the index.
C. A value weighted index assumes an investor makes and maintains an equal dollar investment in each stock in their portfolio.
[单项选择]Which of the following statements about the monument is NOT TRUE
A. The monument is situated in Washington D. C..
B. One of the arches represents the Atlantic theater of the war.
C. Each of the gold stars sands for an American soldier killed in the war.
D. The inscription says these people sacrificed their lives for freedom.
[单项选择]Which of the following statements about William Perrey is NOT true
A. He is very concerned about the North Korea’s nuclear program.
B. He favors aggressive diplomacy to resolve the crisis.
C. He thinks US troops should continue to join UN peace-keeping missions.
D. He thinks large American units should not remain under US command.
[单项选择]Which of the following statements about the liability method of accounting for deferred taxes is FALSE()
A. The focus of the liability method is the balance sheet. 
B. The estimates of future tax liability are changed if the tax rate is changed. 
C. Deferred tax assets and liabilities result from the calculation of deferred tax expense.
[单项选择]Which of the following statements about speculators and hedgers in the futures market is TRUE( )
A. Hedging can allow a business to guard against a price increase in a commodity without sacrificing profit if the commodity price decreases. 
B. Hedgers guard against market price changes that would cause a reduction in their operating profit. 
C. A speculator would use futures to take a short position in a commodity if its price is expected to increase.
[单项选择]Which of the following statements about uncovered call options is least accurate()
A. The loss potential to the writer is unlimited.
B. The most the writer can make is the premium plus the difference between the exercise price (X) and the stock price (S).
C. The profit potential to the holder is unlimited.
[单项选择]Which of the following statements about monopolies is most accurate()
A. A monopolist’s optimal production quantity is at the point where marginal revenue equals marginal cost.
B. Monopolists charge the highest possible price.
C. Monopolists always make a profit.

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