单选题Based On historical data and assuming less-than-full employment, periods of sharp acceleration in the growth rate of the money supply tend to be associated initially with A. periods of economic recession. B. an increase in the velocity of money. C. a rapid growth in gross domestic product.
单选题Which of the following definitions used in accounting for income taxes is least accurate? A. An income tax expense is an expense resulting from current period pretax income and change in deferred taxes. B. A valuation allowance is a reserve against deferred tax assets based on the likelihood that those assets will not be realized. C. A deferred tax liability is a balance sheet amount related to the difference between tax expense and taxes payable that is expected to be recovered from future operations.
单选题An investor will receive an annuity of $5000 a year for seven years
单选题The diagram illustrates a consumers allocation of her budget between items X and Y. With an initial budget (BC1 ) she consumes Qa units of item Y. When the price of Y drops, she consumes Qc un its of item Y. Lines BC2 and BC3 are parallel to one another.
The income effect arising from this change in the price of Y is best described as the distance between:
单选题Technically, an individual is unemployed when he or she is actively seeking employment or is: A. a retiree. B. in prison. C. waiting to return to a job from which he or she was just laid off.
单选题If the market demand for a product increases in a competitive market, then in the short run the quantity supplied by an individual firm will:
单选题Which of the following characterizes the typical construction of a confidence interval correctly? A. Point estimate ± (Standard error/Reliability factor). B. Point estimate ± ( Reliability factor × Standard error). C. ( Reliability factor × Standard error) ± Point estimate.
单选题Michael Jackson, CFA, works for a Privately Offered Fund Company as a portfolio manager. The firm purchases investment research about IT industry from a third-party independent research institution which the firm determines has a sound research basis and continuous reliability. Jackson communicates information from the third-party research to his retail and institutional clients but does not disclose the source. Jackson has most likely violated the Standards of Professional Conduct relating to: A. the Standards regarding disclosure of conflicts. B. the Standards regarding misrepresentation. C. the Standards regarding diligence and reasonable basis.
单选题What is the most likely effect of an increase in volatility on the price of a:
Call option Put option
①A. Decrease Increase
②B. Decrease Decrease
③C. Increase Increase
单选题Which of the following would NOT be a good source for information about a company's proxy voting rules? A. Firm's corporate governance statement. B. Firm's annual report. C. Proxy statement (U. S.).
单选题An analyst has gathered the following data about a company:
Average receivables collection period of 95 days
Average inventory processing period of 183 days?
A payables payment period of 274 days
What is their cash conversion cycle?
单选题Which of the following is least likely a condition that characterizes
competitive price-searcher markets (monopolistic competition)?
A. Low barriers to entry.
B. Large number of independent sellers.
C. Producers face horizontal demand curves.
单选题Which of the following about a company using the percentage of completion accounting method for long-term contracts, compared to company that uses the completed contract method is FALSE? A. Actual cash flow will be greater in the first year. B. Equity will be higher in the first year. C. Earnings will be the same over the life of the contract.
单选题The belief that trends and patterns tend to repeat themselves and are, therefore, somewhat predictable best describes:
单选题While discussing the role of commodities as a vehicle for investment, a commentator makes the following statements : Statement 1 : During economic expansions, increasing supply tends to reduce the price of commodities. Statement 2: Investing in commodities can give the investor exposure to fluctuations in production and consumption. Are these two statements correct? Statement 1 Statement 2 ①A. Incorrect Correct ②B. Correct Correct ③C. Correct Incorrect
单选题After extensive research, retired portfolio manager Justin Blake, CFA, purchased 20000 shares of a small public company. He then posted messages on several Internet bulletin boards. The message read, "This stock is going up once the pending patents are released. The stock is a buy at anything below $3. I just bought 20000 shares for my personal account. I have done some close research on this company." According to the Standards of Practice Handbook, Blake most likely violated the Standard or Standards associated with: A. Conflicts of Interest and Integrity of Capital Markets. B. Integrity of Capital Markets, but not Conflicts of Interest. C. neither Conflicts of Interest nor Integrity of Capital Markets.
单选题A T-bill with a face value of $100000 and 140 days until maturity is selling for $98000
单选题The crowding-out model suggests that the stimulus effect of increased
government expenditures will be modified by changes in real interest rates and
the flow of foreign financial capital, be cause real interest rates will:
A. rise and inflows of financial capital from outside the country will
increase.
B. rise and inflows of financial capital from outside the country will
decrease.
C. fall and inflows of financial capital from outside the country will
increase.
单选题Which of the following are problems in measuring
unemployment? Ⅰ. In order to be classified as
unemployed, one must be looking for a job Ⅱ. People may
be busy but their activities are outside the market labor force
Ⅲ. Unemployed workers who are seeking work are included in the labor force along
with employed workers
A. Ⅰ only.
B. Ⅱ only.
C. all of the above.
单选题Which of the following statements is FALSE? Under the liability method of accounting for deferred taxes, if the tax rate falls :