1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
' g# f3 k$ A6 d6 D: g( x) K' U- x A. imports automatically increase
( n& ?5 q/ ^ ]- Q B. currency automatically depreciates
9 i/ b3 V, D7 W. T) l+ w8 L# _ N7 N C. exports automatically decline
8 C6 K7 K" E8 B6 C, Q2 E6 I D. currency automatically appreciates+ y0 K# d1 u2 R" e6 ]7 Q
2. Which of the following statements is not true of accounting? ______.
1 o+ M% t) @, b- N! U$ D1 q; Q8 e A. Accounting is language of business
7 ]8 Z4 H# }, A1 ^$ [4 H" O B. The user of accounting includes business, government, nonprofit organizations and individuals.
4 v) H" W6 M+ v0 }1 y' w7 g# B C. Accounting is useful for decision making
* s3 o2 {- `* s D. Accounting is an end rather than a means to an end
# _- B* K7 a+ y8 [( W$ o5 _! G 3. The term foreign exchange is best defined by the following statement: it is ______./ X' c7 H+ E) x7 w
A. the rate of exchange between two currencies# H" @) ^, O. w- O& V
B. synonymous with currency exchange! t; v) D# l& I
C. the place in which foreign currencies are exchanged8 f7 A% a) U! w
D. an instrument such as paper currency, note, and check used to make payments between countries
! M E4 F0 \* s 4. What is Asset Allocation? ______.+ P( L, W- t6 Y* C, N
A. Buying assets of different types, risks, and potential returns0 ]4 S5 x' h7 l4 |$ |9 ]
B. Buying assets with more than one brokerage account
* N6 Y! D$ S' @* x! m& V C. The ability to buy mutual funds
. P9 z* k6 s( T+ c- Z% P/ y& F D. Buying stocks for the long term
6 j& [5 O9 ^7 O$ n m* } 5. External users of financial accounting information include all of the following except .4 V5 D' T7 ~. e* E0 R O( n
A. suppliers
1 P0 i/ g) Q$ M0 y" Q B. line managers
3 w! @/ J! q8 y; _' C* q! `$ |. c C. general public
; u9 s6 |# e5 t) w, Y; i7 c D. creditors& m, u' X$ i, _, h+ ~8 I" W
6. CAPM is short for .
: k6 \0 F W h A. Capital Asset Pricing Model
/ M% R3 V* c E. p% q0 g3 x: N+ `# h B. Cash Added Price Matrix+ C! M: K; @ a' h
C. Capital Asset Pricing Matrix0 @. n0 Y1 ~( K1 d3 O
D. Cost and Price Model
7 u- x+ E% h/ f& h* k 7. Liquidity measures the ______.
: J3 [ y; K9 u, e$ i A. value of an asset0 K: J- M3 o0 s- D3 \6 S& v$ F
B. ease with which an asset can be exchanged
2 [, c1 e5 J- m1 a6 F C. usefulness of an asset
* z9 v9 p& ^/ X1 I; K6 D4 b D. economic and monetary reliability of an asset compared with other assets* y' b/ D, r, [( y
8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.4 U6 ] A2 B( |/ U0 J* x; F
A. documents... the credit& P% P# Z- Q" E. P+ H& R
B. merchandise... the contract
V* V6 N0 { @. T. b9 x- ` C. documents... the contract
, l- b) y/ {4 i( s2 n D. merchandise...the buyer ordered
2 f! y8 [) {+ A; U; i. ]1 K 9. A barter economy is one that does not possess _______.' U# Y! m) d Z6 n
A. any wealth8 W; o+ p* o+ r$ W# D5 h
B. printed currency, u9 u7 B9 m1 ~% H* i
C. a medium of exchange& N8 f1 s! n8 h8 P" L5 p
D. gold8 U; E0 d A6 E
10. Which of the following is not true of airway bill? ______.
6 {: Q" i, ]: O& C A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
3 [) t( E3 k: P Z8 s B. Airway bill is a document of title to the goods2 I/ P8 S& Q5 u; a" }3 Z7 U8 m
C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
$ L/ u: i0 I# Q4 B4 L4 J D. None of the above |
发表于 2012-8-16 08:05:44
