单选题Managing the payments mechanism is costly and time - saving.

单选题In the context of break-even analysis, the Margin of Safety for a firm is: ( )

单选题The government unilateral transfers are aid--which may be in money or ______ --from developed countries to developing countries.

单选题{{B}}Passage Two{{/B}} One of the most important functions of the accounting process is to accumulate and report accounting information that shows an organization's financial position and the results of its operations. Many businesses publish such financial statements at least annually. The subdivision of the accounting process that produces these general-purpose reports is referred to as financial accounting. Another major function of accounting is to provide management with the data needed for decision-making and for efficient operation of the firm. Although management people routinely receive the financial reports, they also require various other information, such as the unit cost of a product, estimates of the profit earned from a specific sales activity, cost comparisons of alternative courses of action and long-range budgets. The process of generating and analyzing such data is often referred to as managerial accounting.

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单选题A.Aslightincreaseinprices.B.Rapidgrowthofeconomy.C.Decreaseofworker'ssalary.D.Soaringprices.

单选题I wrote a check for more money than I have in my account. I'm afraid I'm ______. A. overdrawn B. insufficient funds C. minimum balance

单选题Investment banks are more or less the same as the commercial banks and other savings - collecting institutions.

单选题We're paying for the furniture we bought in monthly ______. A. installments B. budgets C. credit bureau

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单选题Which of the following is not a characteristic of a competitive industry? (a)There are many firms. (b)All firms produce homogeneous products, which are substitutable for each other. (c)There is a fierce price war among rivals. (d)Firms can enter and exit the industry freely.

单选题A production function for a firm describes ______. (a)what should be produced to maximize profit. (b)what is technologically feasible when the firm produces efficiently. (c)what revenue is earned from producing efficiently. (d)what the firm produces with given inputs.

单选题Which of the following is not true of forfaiting? ______. A. Forfaiting is a form of trade finance with recourse B. Forfaiting is the act of purchasing an exporter's receivables (the amount the importer owes the exporter) at a discount by paying cash C. The forfeiter takes over the buyer risk D. The purchase is usually guaranteed by a bank in the buyer's country

单选题Foreign exchange receipts of domestic entities for current account transactions shall be repatriated home and shall not be deposited abroad. Foreign exchange receipts for current account transactions shall be sold to the designated foreign exchange banks, in accordance with the regulations issued by the State Council on the sale, purchase, and payment of foreign exchange, or be deposited in the foreign exchange account upon approval. Foreign exchange for current account payment and transfers may be purchased from designated foreign exchange banks upon the presentation of valid documents and commercial bills. After the foreign exchange restrictions on current account transactions were lifted in 1996, cases of fraud of foreign exchange have increased significantly. To address such problems, the SAFE has taken enforcement actions. To enforce the surrender of export proceeds, the SAFE and its local branches undertake to verify collection of export earnings. When exporting goods abroad, domestic exporting entities are required to undergo the verification procedures. The customs offices shall accept and handle declaration for export based on verification certificate within validity period. Only after no mistakes are found in the examination can customs permit entrance and clearance. After goods have been shipped out of Chinese territory, the customs shall write their opinion and stamp with "proof seal" on the verification certificate, with which the exporter goes through verification procedures. The exporter must send the stub of verification certificate together with commercial invoices and declaration form to the SAFE within 60 days of the date of customs declaration. The export earnings are then surrendered to designated banks or entered the exporter"s foreign exchange account.

单选题{{B}}Passage Three{{/B}} In the simplest form of international trade, the open-account basis, banks actually have only a simple transactions role. In the open-account basis, the importer and exporter are well known to each other and probably have established a successful working relationship. The importer orders goods and promptly pays for them when the goods and title thereto are received. Almost as simple is the foreign collection basis, in which a bank is used to transmit collected funds. Before the goods it has bought can be shipped, the importer must place funds with its bank so that the exporter is assured that payment will be made with collected funds. In this instance, the bank is merely an agent and not a lender.

单选题The buyer has to prove his promise in an open account.

单选题Basic accounting assumptions include the following except ______. (a)going concern. (b)monetary unit. (c)consistency. (d)business entity.

单选题If exercised, the ______ right prevents dilution of ownership control when additional stock is issued.

单选题A.Tofollowthebank'srulesandregulations.B.Tohavetherighttomakefulluseofthebank'sfacilities.C.Toopenanaccountinthebank.D.Toprotectthedepositor'sinterest.