. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .% r0 w) S4 o' p; F4 K, g, w
A. imports automatically increase5 r* g! v u( e5 Y! b- O4 @
B. currency automatically depreciates5 ^- o# N- a5 o: f
C. exports automatically decline* \& N' T9 I9 Y" ~: i2 l# N
D. currency automatically appreciates
. X! n6 P& J% f8 x 2. Which of the following statements is not true of accounting? ______.- ]) E# w2 _+ ?3 F l& V7 C
A. Accounting is language of business
# x7 l4 x8 ~" y" ]7 s B. The user of accounting includes business, government, nonprofit organizations and individuals.; Q( n' L1 p4 V% n, h% l
C. Accounting is useful for decision making
0 B# N+ {, \/ f2 q3 e D. Accounting is an end rather than a means to an end
' M; C- s J& j& Y% a 3. The term foreign exchange is best defined by the following statement: it is ______.
# w8 l/ |% X( U' o. s. J4 q A. the rate of exchange between two currencies C2 S, {* q3 T8 k) s
B. synonymous with currency exchange
! \' v* p ?% J C. the place in which foreign currencies are exchanged
/ _6 S5 G. ?% K D. an instrument such as paper currency, note, and check used to make payments between countries8 f4 V0 q }3 I5 x6 h$ n( ~1 h
4. What is Asset Allocation? ______.
3 Q% [% G5 R' p2 w8 E' i A. Buying assets of different types, risks, and potential returns
; P$ d% I% Y6 ?" e. }5 B B. Buying assets with more than one brokerage account
, p7 L& ^- X. `- p$ N" Z! [ C. The ability to buy mutual funds
* Z, z- v$ N R5 e+ _ D. Buying stocks for the long term
& ~( A; S* z! g! j7 {6 t( n 5. External users of financial accounting information include all of the following except ." p2 P' M: n. N: @1 n0 Q4 _& z
A. suppliers
4 V |) V+ {3 T5 k) a0 z B. line managers }( W! M+ k2 V; o% v
C. general public
3 [+ K/ ~2 T2 O# a D. creditors7 y1 p3 h, R I! K$ i. [% t
6. CAPM is short for .+ n1 ]7 D/ W4 N6 W' S$ |
A. Capital Asset Pricing Model
- f3 O9 n, r* t1 o+ a B. Cash Added Price Matrix
( Z$ J2 } I- T4 c% z8 j) X7 B n C. Capital Asset Pricing Matrix
: p$ |: p0 n2 Q) K D. Cost and Price Model
5 V6 @' j. r! Q6 y 7. Liquidity measures the ______.
, u4 _) u7 e( T# b, x4 ^ A. value of an asset8 l0 ~. r, y5 M) I7 o7 y2 h8 Q9 B
B. ease with which an asset can be exchanged: u9 J( m8 j' R8 b( ?" {1 e
C. usefulness of an asset
! o" ^: H0 j3 y8 c- p D. economic and monetary reliability of an asset compared with other assets! a2 i( ]$ |2 g
8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.% N6 ~5 s' d! z; K, v3 Y
A. documents... the credit
+ |$ a1 E$ D* u" h) X8 F' r% t B. merchandise... the contract
2 \6 Z; c ^6 v* B4 u* Z$ x; l C. documents... the contract5 I; a# G- l/ `( I
D. merchandise...the buyer ordered
+ p ^; `8 r& s4 G 9. A barter economy is one that does not possess _______.( v+ b0 G# [. o$ s& _. [, D
A. any wealth
% W" E9 @0 x( f B. printed currency
! D; I3 u' [3 ~, _! c T/ ~- O C. a medium of exchange3 I- @, z' e) ?6 U+ I; n
D. gold9 o* f- }- s! _: ], H* O% [
10. Which of the following is not true of airway bill? ______.
: }& `5 L5 g8 [7 G# l! t; q; a A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
, L# F. K% a. n+ C B. Airway bill is a document of title to the goods" [& j' f% {- J: n7 ^
C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight- L$ F' U( Z; L4 b6 j( n
D. None of the above |
发表于 2012-8-16 08:05:44
