单选题Which of the following statements about the percentage-of-completion and completed contract methods is FALSE? The completed contract method will produce: A. the same cash flows as that using the percentage-of-completion method. B. smaller net worth and retained earnings than using the percentage-of-completion method. C. greater net income in the periods before construction is completed, but not at the end of the contract, than using the percentage-of-completion method.
单选题Concerning efficient financial( including derivative) markets, the most appropriate description is that
单选题The demand curve for a firm in a perfectly competitive market is:
单选题A market has the following characteristics: a large number of independent sellers each producing a differentiated product, low barriers to entry, producers face downward sloping demand curves, and demand is highly elastiC．This description most closely describes（ ）
单选题Which of the following statements about embedded options and yield volatility is FALSE?
单选题An analyst does research about the income statement of a manufacturing company. Which of the following is least likely deducted from gross profit to calculate operating income for the manufacturing company? A. Interest expense. B. Depreciation expense. C. Research and development cost.
单选题Banz and Reinganum found that small firms consistently outperformed large finns. This anomaly is referred to as the:
单选题Billy, CFA, tells a prospective client that the earnings of K＆K Limited will be $10.05 per share next fiscal year. Billy violated: A. Standard Ⅴ(A) Prohibition against Use of Material Nonpublic Information. B. Standard Ⅳ(B) Distinguish between facts and opinions. C. Standard Ⅳ(A) Avoid any material misrepresentations.
单选题If an investor uses derivatives to make a long investment in commodities, the return earned on margin is best described as:
单选题Edison, CFA, supervises a group of research analysts, none of whom are CFA charter holders or CFA candidates. He has attempted on several occasions to get his firm to adopt a compliance system to insure that applicable laws and regulations are followed. The firms principals, however, have never adopted his recommendations. According to AIMR Standards of Professional Conduct, Edison at this point should（ ）
单选题Assume that two firms in a duopoly enter into a collusive agreement in an attempt to form a cartel and restrict output, raise prices, and increase profits
单选题If the outcome of event A is not affected by event B, then events A and B are said to be:
单选题Which of the following statements accurately describes direct and dealer paper? A. The majority of direct paper issuers are financial companies. B. Direct paper is rated, whereas dealer paper is not. C. Direct paper tends to incur more issue costs versus dealer paper.
单选题An economist is developing a regression model of real GDP as a function of labor input. She needs to select a time series that represents the total amount of labor performed in a year. Which of the following is the most appropriate indicator of total labor performed that she can use for this model?
单选题Investing in distressed securities and venture capital investing are similar in all of the following ways EXCEPT（ ）
单选题Dividends received are most likely classified as which type of cash flow under both IFRS and U
单选题The least accurate statement about measures of dispersion for a distribution is that the: A. range provides no information about the shape of the data distribution. B. mean absolute deviation will always be smaller than the standard deviation. C. arithmetic average of the deviations around the mean will always be equal to one.
单选题Using the Four Cs of Credit Analysis framework, which of the following is the least likely factor to be considered under the category of capacity?
单选题The Phillips curve shows the trade-off between:
A. the rate of change in the money supply and the rate of change in
employment.
B. nominal interest rates and real interest rates.
C. inflation and unemployment.
单选题Which of the following investors faces the least inflation risk? An investor whose portfolio is concentrated in: