. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
" w: T5 W: l! A5 r% ^ A. imports automatically increase
7 S. Q9 y" u+ k* G# E4 z B. currency automatically depreciates
2 k. F; n- m+ m1 d# o. [ C. exports automatically decline
" L: o8 W' K: }+ y" G. u D. currency automatically appreciates
0 d% U- N1 M" x5 \$ |+ \0 V1 @ 2. Which of the following statements is not true of accounting? ______.
5 p' x% T7 Q, j) Y$ G w. | A. Accounting is language of business: d# ]: I! U1 `8 v. Z
B. The user of accounting includes business, government, nonprofit organizations and individuals.
7 x2 ?7 S3 l5 T* \- f7 m C. Accounting is useful for decision making9 u+ K2 d6 ` [
D. Accounting is an end rather than a means to an end
8 K5 k2 i: T, ~9 @5 o 3. The term foreign exchange is best defined by the following statement: it is ______.! a0 ^0 z1 R S! g* b! q4 X
A. the rate of exchange between two currencies/ d- u% U/ ^4 ^
B. synonymous with currency exchange
6 W }6 n% q( C4 H9 @# Y C. the place in which foreign currencies are exchanged
, w6 H2 Q+ | @5 T D. an instrument such as paper currency, note, and check used to make payments between countries* r7 W% K1 y" k/ D; {* r* C
4. What is Asset Allocation? ______.- ^/ ]2 t! P+ \' r3 h
A. Buying assets of different types, risks, and potential returns
) d4 h( M* @1 g B. Buying assets with more than one brokerage account
6 e/ e; Z7 g+ w7 c5 y0 w! o% | C. The ability to buy mutual funds: o( h+ F3 C4 D+ e* Q- K) ?
D. Buying stocks for the long term
* O6 {$ X6 T* `$ ?; X 5. External users of financial accounting information include all of the following except .% x$ S, o" r, C+ U- k0 l2 F L+ u
A. suppliers
7 u) }$ m: m( q( | B. line managers$ n! h5 H5 `3 U$ @: Y
C. general public9 |' x! W' |; A$ v+ e* @) l4 v" N
D. creditors4 I n" o9 s+ e
6. CAPM is short for .
7 E1 h+ F3 @9 Q) u) e8 Q5 n A. Capital Asset Pricing Model
, _3 P/ b7 q0 R5 C$ w) m- [- i4 q B. Cash Added Price Matrix) \! d' g3 D4 Q* l6 k5 H# E
C. Capital Asset Pricing Matrix) K2 k: }! z8 N7 X
D. Cost and Price Model3 u) K) p" W6 e2 t
7. Liquidity measures the ______., F( [% `) _+ `% j* o+ b% _
A. value of an asset# \4 x2 |9 C: v# p7 c+ w5 N
B. ease with which an asset can be exchanged
! p/ X' s' Y2 ]4 t$ m# Q# c4 e4 h$ o C. usefulness of an asset1 L+ @7 F8 J; f* Z5 C. j" O, F2 y
D. economic and monetary reliability of an asset compared with other assets
6 Z; ~+ p5 E1 h+ l* X+ C 8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.8 S" k9 f# y$ T
A. documents... the credit
' k. k0 }6 V8 @" I9 g) j B. merchandise... the contract
( W5 |1 d) `/ t; d9 S( k+ E C. documents... the contract
0 y5 f) ]; [, ^7 d3 q7 ^* O3 n% _! \ D. merchandise...the buyer ordered- U# ~. Y Y! y' F
9. A barter economy is one that does not possess _______." M4 ^! D5 Q, X, l
A. any wealth
6 `' E% {5 z4 c* U% y B. printed currency
7 }: h4 G0 [% B* h2 _: K C. a medium of exchange" X+ r0 W. v1 w T. t
D. gold/ P( \3 g( R: d: H3 b
10. Which of the following is not true of airway bill? ______.* w& P- M7 s/ V9 T R
A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
& s' i0 {; k( r: F4 B B. Airway bill is a document of title to the goods
4 r# x6 R- y: q; S C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
% q6 [7 Y/ ~2 L1 Q2 B* U D. None of the above |
发表于 2012-8-16 08:05:44
