69. A barter economy is one that does not possess _______.1 k' z8 `0 F: x, H# z
A. any wealth B. printed currency
: M) { _& ~) @$ t3 _+ d* a C. a medium of exchange D. gold
# E! z) u0 w+ u4 v 70. Which of the following is not true of airway bill？ ______.
S3 p2 d. J$ u1 n! l; P2 z A. When goods are delivered to the airline， the airway bill is signed by them or their agents as a receipt of the goods
, v! L/ u0 K' p6 E5 ~! @/ b* h- Q B. Airway bill is a document of title to the goods( B$ G9 U+ w4 D+ U
C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
) J9 \& Z5 ?, B' \- A D. None of the above
+ }8 u, e8 I5 t 71. The value of money varies _____.
/ n' T% ?0 Q8 B4 \% t+ i1 S8 R# q A. directly with the unemployment rate& C7 R% m- X7 _" G
B. directly with the price level6 D4 N+ A+ Z% h# f- A
C. inversely with the unemployment; r* ~, B1 O$ N2 J
D. inversely with the price level
8 T! j7 h( l" U+ @' M 72. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.
8 ?8 T1 v* V6 O A. the dollar has depreciated relative to the yen
' l' x, S/ \ D' |# ~- `& N B. the dollar can now purchase more yen6 q3 b( w L( g6 R. k8 u/ R5 A
C. the yen can now purchase more dollars
0 Y* h+ p/ {* g8 ~$ G D. the US trade balance with the Japanese economy has improved# r# R1 a% u q2 ?
73. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.$ @, o/ H R4 H. R1 R8 j; w9 _" B
A. price feedback theory( x7 d/ E6 g5 u& Z% B9 n
B. trade feedback theory6 N9 j6 ]. [6 {& r+ }( B7 k
C. purchasing power parity theory) S3 D# V& L" B" _
D. J－curve theory1 ~5 P$ f" ]1 m& t2 M9 L
74. According to the optimal portfolio theory， where should portfolios lie？ ______.! a5 [' j) a2 J: Z; ]3 U* `
A. On the efficient frontier% F n2 `2 H! k. X
B. Above the efficient frontier
% z7 r1 r1 w4 O1 o' l: K! V C. Under the efficient frontier& d. n6 A! k& n& L4 h& ?6 y
D. Anywhere， as long as the portfolio is diversified
& p1 [: ^8 J! ^- A2 X 75. Which of the following is not a user of management accounting information？ ______.: G/ R1 _! a8 a Q- ~
A. Store manager
7 p, a/ m0 I4 p# p, ]% {0 u7 N) J, b B. Creditor
, o+ ?! k7 k# Z+ u6 j3 h C. CEO
6 f( `' U2 R5 T# ^8 d2 q2 M8 H D. CFO0 N6 o- }4 ]* B. v B3 o
76. Based on the scenarios below， what is the expected return for a portfolio with the following return profile？ ______.4 ~0 k7 P- ^% W* ]6 t; y a
Market Condition) b/ L$ _- u- b$ z# h8 L" Q% L
bear Normal Bull Probability 02 0.3 05 Rate of return —25% 10% 24%
& W Y3 P1 o& O! {/ t% ^ A. 4% B. 10% C. 20% D. 25% Use the following expectations on Stocks X and Y to answer questions 17 through 19 （round to the nearest percent）.
* O; Z) {) {+ c$ ?8 K Bear Market Normal Market Bull Market Probability 0.2 0.5 0.3 Stock X_ －20% 18% 50% Stock Y －15% 20% 10%
7 X f# u* P9 K- K. ? 77. Financial markets serve to channel funds from ______.1 b! y% Y$ S# L! z8 W) J/ S
A. the government to contractors
- ^8 w/ ^) d0 S1 w( z5 G B. investors to consumers8 D' t# f" Z; O! `( I, ^
C. consumers to producers7 e2 r, m% ^& I9 M
D. savers to investors7 g0 G7 u" t& \9 x
78. The agreements that were reached at the Bretton Woods conference in 1944 established a system .7 P% e. n9 F0 B" i2 Z% k0 u
A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed－upon value of its currency% V, k" s" X0 e: `6 o3 k. U) r$ y
B. of floating exchange rates determined by the supply and demand of one nation‘s currency relative to the currency of other nations' l r, h( B* |" q2 S
C. that prohibited governments from intervening in the foreign exchange markets
# y+ ~5 m) R1 D" G# j ^& r D. in which the values of currencies were fixed in terms of a specific number of ounces of gold， which in turn determined their values in international trading. k& K! D& P, y' }
79. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation？2 s0 G+ X" O% Z, Z. C
.8 }" e# d$ K5 ?$ h
A. Assets are originally recorded in accounting records at their cost to the business entity
& [ s7 M7 J1 o# w; {$ P B. Accountants prefer to base the valuation of assets upon objective， verifiable evidence rather than upon appraisals or personal opinion0 s8 f( y0 K2 T% p- t4 n
C. Accountants assume that assets such as office supplies， land and buildings will be used in business operations rather than sold at current market prices
, }0 |. h% D6 i* ~( d g, y D. Subtracting total liabilities from total assets indicates what the owner‘s equity in the business is worth under current market conditions
" L ]; v* H! {3 v8 E4 i5 u3 k 80. A fiscal expansion in the UK ______ the pound sterling.$ s% W7 k: }$ |; D3 G6 p8 _' }
A. tends to appreciate6 O+ L6 A; U* J
B. tends to depreciate
i, d5 \. \( L; c& t C. does not affect the price of
3 _5 l* |. Q2 W& W D. has no predictable effect on the price of
# {' n1 c6 U- n+ e: z: X- L 81. What are the expected returns for Stocks X and Y respectively？ ______. |
发表于 2012-8-16 08:05:44
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