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发布时间:2023-10-30 05:15:30

[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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[单项选择]Which of the following statements about immigration in Canada is not true
A. It is estimated that one-third of Canadians were born in other countries.
B. Immigration has always been an important source of its population growth.
C. Immigration has played an important role in the development of its economy.
D. In the past Britain and Western Europe were the principal sources of Canadian immigration.
[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 arbitrage and market anomalies is most accurate()
A. Investors of the funds that arbitrageurs and traders use are generally too patient and fail to remove funds in a timely manner when trades go against them.
B. Arbitrageurs have more capital at their disposal than they require enabling them to pursue any security mispricing.
C. In pairs trading, where an arbitrageur purchases the underpriced security and shorts the overpriced security, stock-specific risk remains.
[单项选择]Which of the following statements about securities exchanges is FALSE()
A. A stock with a relatively large market volume is most likely to trade in the continuous market.
B. A call market is an open-outcry market where bids are called out in a trading pit.
C. The price in continuous markets is set by either the auction process or by dealer bid-ask quotes.
[单项选择]Which of the following statements about investment constraints is FALSE()
A. Diversification efforts can increase tax liability.
B. Investors concerned about time horizon are not likely to worry about liquidity.
C. Tax deferral usually makes more sense for the young than for the old.
[单项选择]Which of the following statements about financial statements and reporting standards is least accurate()
A. Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions.
B. The objective of financial statements is to provide economic decision makers with useful information.
C. Reporting standards ensure that the information in financial statements is useful to a wide range of users.
[单项选择]Which of the following statements about accounting procedures and their impact on the statement of cash flows is least valid All else equal:()
A. a nonprofitable company that uses LIFO to account for inventory will have higher total cash flow than a nonprofitable company that uses FIFO during a period of rising prices.
B. a company that finances through common stock issues may have the same cash flow from financing(CFF) as a firm that issues debt.
C. the cash flow from operations(CFO) for a company that has a capital lease will be overstated compared to that of a firm that has an operating lease.
[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 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 about hypothesis testing is FALSE()
A. The null hypothesis is a statement about the value of a population parameter.
B. A Type Ⅱ error is failing to reject a false null hypothesis.
C. If the alternative hypothesis is Ha: μ>μ0, a two - tailed test is appropriate.
[单项选择]Which of the following statements about the constant growth dividend discount model (DDM) in its application to investment analysis is FALSE The model:
A. is best applied to young, rapidly growing firms.
B. can"t be applied when g > K.
C. can"t handle firms with variable dividend growth.
[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 Emily Dickinson is NOT true()
A. She never gave up finding her true love.
B. She lived a solitary life.
C. She was proud of her success as a poet.
D. She received little college education.

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