投资学英文第7版TestBank谜底chap020[整理版]
![投资学英文第7版TestBank谜底chap020[整理版]](https://img.360docs.net/imga0/1isj0iapi93i3kkkibr9cnzz9973xyer-01.webp)
![投资学英文第7版TestBank谜底chap020[整理版]](https://img.360docs.net/imga0/1isj0iapi93i3kkkibr9cnzz9973xyer-e2.webp)
投资学英文第7版TestBank谜底chap020[整理版] Multiple Choice Questions
1. The price that the buyer of a call option pays to acquire the option is called the
A) strike price
B) exercise price
C) execution price
D) acquisition price
E) premium
Answer: E Difficulty: Easy
2. The price that the writer of a call option receives to sell the option is called the
A) strike price
B) exercise price
C) execution price
D) acquisition price
E) premium
Answer: E Difficulty: Easy
3. The price that the buyer of a put option pays to acquire the option is called the
A) strike price
B) exercise price
C) execution price
D) acquisition price
E) premium
Answer: E Difficulty: Easy
4. The price that the writer of a put option receives to sell the option is called the
A) premium
B) exercise price
C) execution price
D) acquisition price
E) strike price
Answer: A Difficulty: Easy
5. The price that the buyer of a call option pays for the underlying asset if she executes her
option is called the
A) strike price
B) exercise price
C) execution price
D) A or C
E) A or B
Answer: E Difficulty: Easy
6. The price that the writer of a call option receives for the underlying asset if the buyer
executes her option is called the
A) strike price
B) exercise price
C) execution price
D) A or B
E) A or C
Answer: D Difficulty: Easy
7. The price that the buyer of a put option receives for the underlying asset if she executes
her option is called the
A) strike price
B) exercise price
C) execution price
D) A or C
E) A or B
Answer: E Difficulty: Easy
8. The price that the writer of a put option receives for the underlying asset if the option is
exercised is called the
A) strike price
B) exercise price
C) execution price
D) A or B
E) none of the above
Answer: E Difficulty: Easy
9. An American call option allows the buyer to
A) sell the underlying asset at the exercise price on or before the expiration date.
B) buy the underlying asset at the exercise price on or before the expiration date.
C) sell the option in the open market prior to expiration.
D) A and C.
E) B and C.
Answer: E Difficulty: Easy
Rationale: An American call option may be exercised (allowing the holder to buy the
underlying asset) on or before expiration; the option contract also may be sold prior to
expiration.
10. A European call option allows the buyer to
A) sell the underlying asset at the exercise price on the expiration date.
B) buy the underlying asset at the exercise price on or before the expiration date.
C) sell the option in the open market prior to expiration.
D) buy the underlying asset at the exercise price on the expiration date.
E) C and D.
Answer: E Difficulty: Easy
Rationale: A European call option may be exercised (allowing the holder to buy the
underlying asset) on the expiration date; the option contract also may be sold prior to
expiration.
11. An American put option allows the holder to
A) buy the underlying asset at the striking price on or before the expiration date.
B) sell the underlying asset at the striking price on or before the expiration date.
C) potentially benefit from a stock price decrease with less risk than short selling the
stock.
D) B and C.
E) A and C.
Answer: D Difficulty: Easy
Rationale: An American put option allows the buyer to sell the underlying asset at the
striking price on or before the expiration date. The put option also allows the investor to
benefit from an expected stock price decrease while risking only the amount invested in
the contract.
12. A European put option allows the holder to
A) buy the underlying asset at the striking price on or before the expiration date.
B) sell the underlying asset at the striking price on or before the expiration date.
C) potentially benefit from a stock price decrease with less risk than short selling the
stock.
D) sell the underlying asset at the striking price on the expiration date.
E) C and D.
Answer: E Difficulty: Easy
Rationale: A European put option allows the buyer to sell the underlying asset at the
striking price on or before the expiration date. The put option also allows the investor to
benefit from an expected stock price decrease while risking only the amount invested in
the contract.
13. An American put option can be exercised
A) any time on or before the expiration date.
B) only on the expiration date.
C) any time in the indefinite future.
D) only after dividends are paid.
E) none of the above.
Answer: A Difficulty: Easy
Rationale: American options can be exercised on or before expiration date.
14. An American call option can be exercised
A) any time on or before the expiration date.
B) only on the expiration date.
C) any time in the indefinite future.
D) only after dividends are paid.
E) none of the above.
Answer: A Difficulty: Easy
Rationale: American options can be exercised on or before expiration date.
15. A European call option can be exercised
A) any time in the future.
B) only on the expiration date.
C) if the price of the underlying asset declines below the exercise price.
D) immediately after dividends are paid.
E) none of the above.
Answer: B Difficulty: Easy
Rationale: European options can be exercised at expiration only.
16. A European put option can be exercised
A) any time in the future.
B) only on the expiration date.
C) if the price of the underlying asset declines below the exercise price.
D) immediately after dividends are paid.
E) none of the above.
Answer: B Difficulty: Easy
Rationale: European options can be exercised at expiration only.
17. To adjust for stock splits
A) the exercise price of the option is reduced by the factor of the split and the number
of option held is increased by that factor.
B) the exercise price of the option is increased by the factor of the split and the number
of option held is reduced by that factor.
C) the exercise price of the option is reduced by the factor of the split and the number
of option held is reduced by that factor.
D) the exercise price of the option is increased by the factor of the split and the number
of option held is increased by that factor.
E) none of the above
Answer: A Difficulty: Easy
18. All else equal, call option values are lower
A) in the month of May.
B) for low dividend payout policies.
C) for high dividend payout policies.
D) A and B.
E) A and C.
Answer: C Difficulty: Easy
19. The current market price of a share of AT&T stock is $50. If a call option on this stock
has a strike price of $45, the call
A) is out of the money.
B) is in the money.
C) sells for a higher price than if the market price of AT&T stock is $40.
D) A and C.
E) B and C.
Answer: E Difficulty: Easy
Rationale: If the striking price on a call option is less than the market price, the option is
in the money and sells for more than an out of the money option.
20. The current market price of a share of Boeing stock is $75. If a call option on this stock
has a strike price of $70, the call
A) is out of the money.
B) is in the money.
C) sells for a higher price than if the market price of Boeing stock is $70.
D) A and C.
E) B and C.
Answer: E Difficulty: Easy
Rationale: If the striking price on a call option is less than the market price, the option is
in the money and sells for more than an at the money option.
21. The current market price of a share of CSCO stock is $22. If a call option on this stock
has a strike price of $20, the call
A) is out of the money.
B) is in the money.
C) sells for a higher price than if the market price of CSCO stock is $21.
D) A and C.
E) B and C.
Answer: E Difficulty: Easy
Rationale: If the striking price on a call option is less than the market price, the option is
in the money and sells for more than a less in the money option.
22. The current market price of a share of Disney stock is $30. If a call option on this stock
has a strike price of $35, the call
A) is out of the money.
B) is in the money.
C) can be exercised profitably.
D) A and C.
E) B and C.
Answer: A Difficulty: Easy
Rationale: If the striking price on a call option is more than the market price, the option
is out of the money and cannot be exercised profitably.
23. The current market price of a share of CAT stock is $76. If a call option on this stock
has a strike price of $76, the call
A) is out of the money.
B) is in the money.
C) is at the money.
D) A and C.
E) B and C.
Answer: C Difficulty: Easy
Rationale: If the striking price on a call option is equal to the market price, the option is
at the money.
24. A put option on a stock is said to be out of the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: B Difficulty: Easy
Rationale: An out of the money put option gives the owner the right to sell the shares for
less than market price.
25. A put option on a stock is said to be in the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: A Difficulty: Easy
Rationale: An in the money put option gives the owner the right to sell the shares for
more than market price.
26. A put option on a stock is said to be at the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: C Difficulty: Easy
27. A call option on a stock is said to be out of the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: A Difficulty: Easy
Rationale: An out of the money call option gives the owner the right to buy the shares
more than market price.for
28. A call option on a stock is said to be in the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: B Difficulty: Easy
Rationale: An in the money call option gives the owner the right to buy the shares for
less than market price.
29. A call option on a stock is said to be at the money if
A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.
Answer: C Difficulty: Easy
30. The current market price of a share of AT&T stock is $50. If a put option on this stock
has a strike price of $45, the put
A) is out of the money.
B) is in the money.
C) sells for a lower price than if the market price of AT&T stock is $40.
D) A and C.
E) B and C.
Answer: D Difficulty: Easy
Rationale: If the striking price on a put option is more than the market price, the option
is out of the money and sells for less than an in the money option.
31. The current market price of a share of Boeing stock is $75. If a put option on this stock
has a strike price of $70, the put
A) is out of the money.
B) is in the money.
C) sells for a higher price than if the market price of Boeing stock is $70.
D) A and C.
E) B and C.
Answer: A Difficulty: Easy
Rationale: If the striking price on a put option is more than the market price, the option
is out of the money and sells for less than an at the money option.
32. The current market price of a share of CSCO stock is $22. If a put option on this stock
has a strike price of $20, the put
A) is out of the money.
B) is in the money.
C) sells for a higher price than if the strike price of the put option was $25.
D) A and C.
E) B and C.
Answer: D Difficulty: Easy
Rationale: If the striking price on a put option is less than the market price, the option is
out of the money and sells for less than an in the money option.
33. The current market price of a share of Disney stock is $30. If a put option on this stock
has a strike price of $35, the put
A) is out of the money.
B) is in the money.
C) can be exercised profitably.
D) A and C.
E) B and C.
Answer: A Difficulty: Easy
Rationale: If the striking price on a put option is less than the market price, the option is
out of the money.
34. The current market price of a share of CAT stock is $76. If a put option on this stock has
a strike price of $80, the put
A) is out of the money.
B) is in the money.
C) can be exercised profitably.
D) A and C.
E) B and C.
Answer: E Difficulty: Easy
Rationale: If the striking price on a put option is less than the market price, the option is
in the money and can be profitably exercised.
35. Lookback options have payoffs that
A) have payoffs that depend in part on the minimum or maximum price of the
underlying asset during the life of the option.
B) have payoffs that only depend on the minimum price of the underlying asset during
the life of the option.
C) have payoffs that only depend on the maximum price of the underlying asset during
the life of the option.
D) are known in advance.
E) none of the above.
Answer: A Difficulty: Easy
36. Barrier Options have payoffs that
A) have payoffs that only depend on the minimum price of the underlying asset during
the life of the option.
B) depend both on the asset's price at expiration and on whether the underlying asset's
price has crossed through some barrier.
C) are known in advance.
D) have payoffs that only depend on the maximum price of the underlying asset during
the life of the option.
E) none of the above.
Answer: A Difficulty: Easy
37. Currency-Translated Options have
A) only asset prices denoted in a foreign currency.
B) only exercise prices denoted in a foreign currency.
C) have payoffs that only depend on the maximum price of the underlying asset during
the life of the option.
D) either asset or exercise prices denoted in a foreign currency.
E) none of the above.
Answer: D Difficulty: Easy
38. Binary Options
A) are based on two possible outcomes--yes or no.
B) may make a payoff of a fixed amount if a specified event happens.
C) may make a payoff of a fixed amount if a specified event does not happen.
D) A and B only.
E) A, B, and C.
Answer: E Difficulty: Easy
39. The maximum loss a buyer of a stock call option can suffer is equal to
A) the striking price minus the stock price.
B) the stock price minus the value of the call.
C) the call premium.
D) the stock price.
E) none of the above.
Answer: C Difficulty: Easy
Rationale: If an option expires worthless all the buyer has lost is the price of the contract
(premium).
40. The maximum loss a buyer of a stock put option can suffer is equal to
A) the striking price minus the stock price.
B) the stock price minus the value of the call.
C) the put premium.
D) the stock price.
E) none of the above.
Answer: C Difficulty: Easy
Rationale: If an option expires worthless all the buyer has lost is the price of the contract
(premium).
41. The lower bound on the market price of a convertible bond is
A) its straight bond value.
B) its crooked bond value.
C) its conversion value.
D) A and C.
E) none of the above
Answer: D Difficulty: Easy
42. The potential loss for a writer of a naked call option on a stock is
A) limited
B) unlimited
C) larger the lower the stock price.
D) equal to the call premium.
E) none of the above.
Answer: B Difficulty: Moderate
Rationale: If the buyer of the option elects to exercise the option and buy the stock at the
exercise price, the seller of the option must go into the open market and buy the stock (in
order to sell the stock to the buyer of the contract) at the current market price.
Theoretically, the market price of a stock is unlimited; thus the writer's potential loss is
unlimited.
43. The intrinsic value of an out-of-the-money call option is equal to
A) the call premium.
B) zero.
C) the stock price minus the exercise price.
D) the striking price.
E) none of the above.
Answer: B Difficulty: Easy
Rationale: The fact that the owner of the option can buy the stock at a price greater than
the market price gives the contract an intrinsic value of zero, and the holder will not
exercise.
博迪投资学第九版英文答案
CHAPTER 1: THE INVESTMENT ENVIRONMENT PROBLEM SETS 1.Ultimately, it is true that real assets determine the material well being of an economy. Nevertheless, individuals can benefit when financial engineering creates new products that allow them to manage their portfolios of financial assets more efficiently. Because bundling and unbundling creates financial products with new properties and sensitivities to various sources of risk, it allows investors to hedge particular sources of risk more efficiently. 2.Securitization requires access to a large number of potential investors. To attract these investors, the capital market needs: 1. a safe system of business laws and low probability of confiscatory taxation/regulation; 2. a well-developed investment banking industry; 3. a well-developed system of brokerage and financial transactions, and; 4.well-developed media, particularly financial reporting. These characteristics are found in (indeed make for) a well-developed financial market. 3.Securitization leads to disintermediation; that is, securitization provides a means for market participants to bypass intermediaries. For example, mortgage-backed securities channel funds to the housing market without requiring that banks or thrift institutions make loans from their own portfolios. As securitization progresses, financial intermediaries must increase other activities such as providing short-term liquidity to consumers and small business, and financial services. 4.Financial assets make it easy for large firms to raise the capital needed to finance their investments in real assets. If Ford, for example, could not issue stocks or bonds to the general public, it would have a far more difficult time raising capital. Contraction of the supply of financial assets would make financing more difficult, thereby increasing the cost of capital. A higher cost of capital results in less investment and lower real growth.
第七章会计学复习进程
判断题： 1、一般企业是以盈利为其主要经营目标的经济组织。 正确答案：对 2、进行产品销售是产品生产企业的主要经营活动。 正确答案：对 3、企业的应付账款和应付票据等也可增加企业的资金来源，因而也属于筹资活动中的交易和事项。 正确答案：错 4、企业发生的所有借款利息都应记入“财务费用”账户。 正确答案：错 5、在采用信用结算方式结算贷款时，企业会产生应付账款和预付账款等，形成供应过程的储备资金。 正确答案：错 6、企业发行债券会增加企业资产，也会形成企业负债。 正确答案：对 7、材料采购的实际成本由买价和采购费用两个部分组成。 正确答案：对 8、生产成本是对象化了的生产费用。 正确答案：对 9、直接材料、直接人工和制造费用通常称为产品的成本项目。 正确答案：对 10、“制造费用”账户在月末一般没有余额。（结转至生产成本） 正确答案：对 11、应交税费中的销项税额，可以确认为企业当期的收入。 正确答案：错 12、产品生产企业的商品销售成本是指销售商品本身的生产成本。 正确答案：对 13、销售费用是企业筹集生产经营所需资金所发生的各种费用。 正确答案：错 14、财务成果仅仅是指企业在一定会计期间实现的营业利润。 正确答案：错
15、企业的投资仅仅是指其对外投资。 正确答案：错 16、对内投资是指企业固定资产的构建。 正确答案：错 17、长期待摊费用属于企业的其他资产，也是企业的非实物资产投资。 正确答案：对 18、固定资产的后续计量是指企业在固定资产的存续期间考虑其使用状况以及与固定资产成本相关的市场价格变化等因素对固定资产价值的重新确认。 正确答案：对 19、“工程物资”账户核算企业为在建工程准备的各种物资的成本，包括工程用材料、尚未安装的设备以及为生产准备的工器具等。 正确答案：对 20、“累计折旧”账户属于资产类账户，其账户结构与一般的资产类账户完全相同。 正确答案：错 21、对使用寿命不确定的无形资产需要在其使用寿命内采用系统合理的方法进行摊销。 正确答案：错 22、交易性金融资产是企业为近期出售而持有的、以公允价值计量且其变动计入当期损益的金融资产。 正确答案：对 23、投资收益是指企业由于对内投资而取得的收益（或发生损失）。 正确答案：错 24、长期股权投资是企业准备短期持有的权益性投资。 正确答案：错 25、长期股权投资是指通过企业合并形成的权益性投资。 正确答案：错 26、同一控制下企业合并是指参与合并的企业在合并前后均受同一方或相同的多方最终控制，且该控制并非暂时性的。 正确答案：对 27、成本法是指长期股权投资最初以投资成本计量，在长期股权投资持有期间则要根据投资企业应享有被投资企业所有者权益份额的变动，对长期股权投资的账面价值进行相应调整的一种会计处理方法。 正确答案：错
国际投资学试卷及答案
一、单项选择题(每小题1分，共15分) 1、二次世界大战前，国际投资是以( )为主。 A(证券投资 B.实业投资 C.直接投资 D.私人投资 2、国际货币基金组织认为，视为对企业实施有效控制的股权比例一般是( )。A(10, B.25, C.35, D.50, 3、以下哪个不是中国发展对外投资的目的( )。 A(有利于充分利用国外自然资源 B(有利于充分利用国外资金 C(有利于扩大出口，加快国际化进程 D(有利于提高国民收入，增加就业机会 4、下面关于国际直接投资对东道国的技术进步效应描述不正确的是( )。 A(国际直接投资对东道国的技术进步效应主要是通过跨国公司直接转移发挥的 B(跨国公司将技术转让给东道国的全资子公司的方式效应最低 C(合资方式下技术转移效应较高，但转移的技术等级一般较低 D(跨国公司通过与东道国当地企业或机构合作研发将有助于推进东道国技术进步 5、以下国际投资环境评估方法属于动态方法的是( )。 A.道氏评估法 B.罗氏评估法 C.闽氏评估法 D.冷热评估法 6、以下不属于国际投资环境特点的是( )。 A.综合性 B.稳定性 C.先在行 D.差异性 7、被誉为国际直接投资理论先驱的是( )。 A.纳克斯 B.海默 C.邓宁 D.小岛清 8、以下不属于国际储备管理原则的是(a ) A.多样性 B.安全性 C.流动性 D.盈利性
9.一个子公司主要服务于一国的东道国市场，而跨国公司母公司则在不同的市场控制几 个子公司的经营战略是(a )。 A.独立子公司战略 B.多国战略 C.区域战略 D.全球战略 10、对外国政府贷款的说法中不正确的是( d ) A(外国政府贷款常与出口信贷混合使用 B(外国政府贷款利率低，期限长，有时还伴有部分赠款 C. 使用外国政府贷款要支付少量管理费 D(外国政府贷款可用于购置任何国家或地区的设备或原料 11、在证券市场线上，市场组合的β系数为( c )。 A.0 B.0.5 C.1.0 D.1.5 12(以下不属于国际投资环境评价形式的是(b )。 A.专家实地考察 B.问卷调查 C.东道国政府评估 D.咨询机构评估 13、弗农提出的国际直接投资理论是( a )。 A.产品生命周期理论( B.垄断优势理论 C.折衷理论 D.厂商增长理论 14(以下关于国际直接投资对东道国资本形成直接效应的描述不正确的是( )。 A.在起始阶段，无疑是资本流入，是将国外储蓄国内化，一般会促进东道国的资本形成， 形成新的生产能力，对东道国经济增长产生正效应 B.绿地投资能够直接增加东道国的资本存量，对东道国的资本形成有显在的正效应，而 购并投资只是改变了存量资本的所有权，对东道国的资本形成没有直接的效应
投资学精要英语(essenfial of investment )计算分析题
1. Consider the three stocks in the following table. P represents prices at time t ,and Q represents shares outstanding at time t. STOCK C splits two-for-one in the last period. P0 Q0 P1 Q1 P2 Q2 A 90 100 95 100 95 100 B 50 200 45 200 45 200 C 100 200 110 200 55 400 a.calculate the rate of return on a price-weighted index of the three stocks for the first period(t=0 to t=1). 答案：At t = 0, the value of the index is: (90 + 50 + 100)/3 = 80 At t = 1, the value of the index is: (95 + 45 + 110)/3 = 83.3333 The rate of return is: (83.3333/80) – 1 = 4.167% b.What must happen to the divisor for the price-weight index in year 2? 答案：In the absence of a split, stock C would sell for 110, and the value of the index would be: (95 + 45 + 110)/3 = 83.3333 After the split, stock C sells at 55. Therefore, we need to set the divisor (d) such that: 83.3333 = (95 + 45 + 55)/d…..d = 2.340 c.Calculate the rate of return of the price-weighted index for the second period (t=1 to t=2). 答案：The rate of return is zero. The index remains unchanged, as it should, since the return on each stock separately equals zero. 2. using the data in the precious problem, calculate the first period rates of return on the following indexes of the three stocks: a. a market value-weight index. 答案：Total market value at t = 0 is: (9,000 + 10,000 + 20,000) = 39,000 Total market value at t = 1 is: (9,500 + 9,000 + 22,000) = 40,500 Rate of return = (40,500/39,000) – 1 = 3.85% b. an equally weighted index. 答案：The return on each stock is as follows:R a = (95/90) – 1 = 0.0556 R b = (45/50) – 1 = –0.10 R c = (110/100) – 1 = 0.10 The equally-weighted average is: [0.0556 + (-0.10) + 0.10]/3 = 0.0185 = 1.85% 3. suppose you short sell 100 shares of IBM, now selling at $120 per share. a. what is your maximum possible loss? 答案：In principle, potential losses are unbounded, growing directly with increases in the price of IBM. b. what happens to the maximum loss if you simultaneously place a stop-buy order at $128. 答案：If the stop-buy order can be filled at $128, the maximum possible loss per share is $8. If the price of IBM shares go above $128, then the stop-buy order would be executed, limiting the losses from the short sale.
会计基础第七章试题及答案
第七章财产清查 单项选择 1、一般来说，在企业撤销、合并和改变隶属关系时，应对财产进行（A ）。 A、全面清查 B、局部清查 C、实地盘点 D、定期清查 2、对于大量堆积的煤炭清查，一般采用（C ）方法进行清查 A、实地盘点 B、抽查检验 C、技术推算盘点 D、查询核对 3、下列记录可以作为调整账面数字的原始凭证的是（B ） A、盘存单 B、实存账存对比表 C、银行存款余额调节表 D、往来款项对账单 4、月末企业银行存款日记账余额为180000元，银行对账单余额为170000元，经过未达账项调节后的余额为160000元，则对账单日企业可以运用的银行存款实有数额为（ B ）元。 A、180000 B、160000 C、170000 D、不能确定 5、财产清查中发现账外机器1台，其市场价格为80000元，估计六成新，则该固定资产的入账价值为(B )元 A、80000 B、48000 C、32000 D、128000 6、在财产清查中发现盘亏1台设备，其账面原值为80000元，已提折旧20000元，则该企业记入“待处理财产损溢”账户的金额为( C )元 A、80000 B、20000 C、60000 D、100000 7、银行存款余额调节表中调节后的余额是（C ） A、银行存款账面余额 B、对账单余额与日记账余额的平均数 C、对账日企业可以运用的银行存款实有数额 D、银行方面的账面余额 8、“待处理财产损溢”账户未转销的借方余额表示（D ）。 A、等待处理的财产盘盈 B、等待处理的财产盘亏 C、尚待批准处理的财产盘盈数大于尚待批准处理的财产盘亏和毁损数的差额 D、尚待批准处理的财产盘盈数小于尚待批准处理的财产盘亏和毁损数的差额 9、盘盈的固定资产，一般应记入（B ）账户。 A、本年利润 B、以前年度损益调整 C、营业外收入 D、其他业务收入 10、对盘亏的固定资产净损失经批准后可记入（C ）账户的借方。 A、制造费用 B、生产成本 C、营业外支出 D、管理费用 11、对银行存款进行清查时，应将（B ）与银行对账单逐笔核对。 A、银行存款总账 B、银行存款日记账 C、银行支票备查簿 D、库存现金日记账 12、在实际工作中，企业一般以（C ）作为财产物资的盘存制度 A、收付实现制 B、权责发生制 C、永续盘存制 D、实地盘存制 13、库存现金清查的方法是（B ）。 A、核对账目法 B、实地盘点法 C、技术推算法 D、发函询证法 14、银行存款清查中发现的未达账项应编制（D ）来检查调整后的余额是否相等 A、对账单 B、实存账存对比表 C、盘存单 D、银行存款余额调节表 15、企业通过实地盘点法先确定期末存货的数量，然后倒挤出本期发出存货的数量，这种处理制度称为（D ） A、权责发生制 B、收付实现制 C、账面盘存制 D、实地盘存制 16、现金出纳每天工作结束前都要将库存现金日记账结算并与库存现金实存数核对，这属于（C ）
投资学英语词汇
1.Derivative securities 2.formula 3.credit risk 4.prospects 5.Consumption Timing 6.Allocation of Risk 7.Separation of Ownership and Management 8.Finding mispriced securities 9.undervalued securities 10.diversified portfolio 11.Credit unions 12.the Crisis 13.Credit Default Swaps (CDS) 14.rating agencies 15.sub-prime loans 16.transparent 17.Money market instruments 18.denominations 19.Treasury bills 20.Certificates of Deposit 21.Bankers’ Acceptances 22.Eurodollars 23.dollar-denominated 24.Repos and Reverses 25.credit crisis 26.Municipal Bonds 27.is exempt from 28.General obligation bonds 29.Revenue bonds 30.tax-exempt 31.Callable 32.Convertible 33.pass-throughs 34.subprime 35.Residual claim 36.Limited liability 37.Preferred stock 38.Perpetuity 39.Fixed dividends 40.Priority over common 41.Tax treatment 42.Tax treatment 43.index 44.exchange traded funds (ETFs)
专升本《国际投资学》模拟试题试卷答案
网络教育专升本《国际投资学》模拟试题 一、 1. 国际货币基金组织认为，视为对企业实施有效控制的股权比例一般是（）？（2分） A.10％ B.25％ C.35％ D.50％ .标准答案：B 2. 弗农提出的国际直接投资理论是（）。（2分） A.产品生命周期理论 B.垄断优势理论 C.折衷理论 D.厂商增长理论 .标准答案：A 3. 最保守的观点认为，在（）个国家或地区以上拥有从事生产和经营的分支机构才算是跨国公司。（2分） A.2个 B.3个 C.4个 D.6个 .标准答案：D 4. 下面不属于跨国银行功能的是（）。（2分） A.跨国公司融资中介 B.为跨国公司提供信息服务 C.证券承销 D.支付中介 .标准答案：C 5. 以下不属于国际金融公司（IFC）的投资管理的原则是（）。（2分） A.催化原则 B.商业原则 C.流动原则 D.特殊贡献原则 .标准答案：C 6. 子公司完全复制母公司价值链的战略是（）。（2分） A.独立子公司战略 B.多国战略 C.简单一体化战略 D.复合一体化战略 .标准答案：A
7. 一个子公司主要服务于一国的东道国市场，而跨国公司母公司则在不同的市场控制几个子公司的经营战略是（）。（2分） A.独立子公司战略 B.多国战略 C.区域战略 D.全球战略 .标准答案：C 8. 下面不属于跨国投资银行功能的是（）。（2分） A.证券承销 B.证券经纪 C..跨国购并策划与融资 D.为跨国公司提供授信服务 .标准答案：B 9. 下面不属于对冲基金特点的是（）。（2分） A.私募 B.受严格管制 C.高杠杠性 D.分配机制更灵活和更富激励性 .标准答案：D 10. 二次世界大战前，国际投资是以（）为主。（2分） A.证券投资 B.实业投资 C.直接投资 D.私人投资.标准答案：A 11. 被誉为国际直接投资理论先驱的是（）。（2分） A.纳克斯 B.海默 C.邓宁 D.小岛清.标准答案：B 12. 下面哪一个不属于折衷理论的三大优势之一（）。（2分） A.厂商所有权优势 B.内部化优势 C.垄断优势 D.区位优势 .标准答案：C
管理会计基础
第七章管理会计基础 【必考点清单】占15-20分 必考点1：计算复利终值与现值 必考点2：系数互为倒数构成 必考点3：计算实际利率 必考点4：辅助生产费用的分配方法 必考点5：直接分配法、交互分配法、顺序分配法特点 必考点6：计划成本分配法、代数分配法特点 必考点7：直接分配法、交互分配法、顺序分配法分配辅助生产费用（不定项） 必考点8：制造费用的分配方法 必考点9：废品损失概念、计算净损失和会计处理 必考点10：正常停工与非正常停工损失概念和会计处理 必考点11：生产费用在完工产品和在产品之间的分配方法构成和适用情形 必考点12：约当产量方和定额比例法计算完工产品成本（不定项） 必考点13：联产品定义及分配方法 必考点14：副产品定义及分配 必考点15：品种法、分批法和分步法特点 必考点16：逐步结转分步法与平行结转分步法优缺点 【必考点试题】 【管理会计】 1.某人将10 000元存入银行，年利率2%，则10年后的终值是（）。 {已知：(F/P，2%．10)=1.2190 已知：(F/P，3%．10)=1.4160 已知：(F/P，2%．8)=1.0150 } A.12 190 B. 14160 C. 10150 D. 10000 【答案】A 【解析】F=P（1+i）n =10 000/（1+2%)10=12 190(元） 2. 下列关于普通年金现值与年资本回收额说法正确的有（） A. 年资本回收额与普通年金现值互为逆运算 B. 普通年金终值与普通年金现值互为逆运算 C. 资金回收系数与普通年金终值系数互为倒数 D. 普通年金终值系数与普通年金现值系数互为倒数 【答案】A 【解析】(l)年资本回收额与普通年金现值互为逆运算；(2)资金回收系数与普通年金现值系数互为倒数。 3. 下列关于普通年金终值与偿债基金说法正确的有（） A. 偿债基金和普通年金终值互为逆运算 B. 普通年金终值与普通年金现值互为逆运算 C. 偿债基金系数和普通年金终值系数互为倒数 D. 普通年金终值系数与普通年金现值系数互为倒数 【答案】AC 【解析】(1)偿债基金和普通年金终值互为逆运算；(2)偿债基金系数和普通年金终值系数互为倒数。 4. 复利终值和复利现值互为逆运算，复利终值系数和复利现值系数互为倒数。 【答案】√
国际投资学模拟试卷
<<国际投资学》模拟题及答案（一） 一、填空题（每题2分，共10分） 1．一般说来，国际股票可大致分为直接海外上市的股票、存托凭证和欧洲股权三类。 2.海外投资保险承保的三种主要政治风险分别为外汇禁兑险、财产征用险和战争内乱险 3.解决国际投资争端的主要方式有非司法解决方式、准司法解决方式和司法解决方式 4.外债利用系数＝外债增长速度/国民生产总值增长速度×100％ 5.外国直接投资对东道国产业结构的影响主要表现在两个方面：一是产业结构优化效应；二是市场集中度效应。 二、单选题（每题1分，共10分） 1.国际货币基金组织认为，视为对企业实施有效控制的股权比例一般是( B ) A.10％ B.25％ C.35％ D.50％ 2.与代理行功能接近的跨国银行海外分支机构是（ B ）。 A.代表处 B.经理处 C.分行 D.联属行 3.下面不属于对冲基金特点的是（ B ）。 A.私募 B.受严格管制 C.高杠杠性 D.分配机制更灵活和更富激励性 4.下面不属于跨国银行功能的是（ C ）。 A.跨国公司融资中介 B.为跨国公司提供信息服务 C.证券承销 D.支付中介
5.近年来，国际投资发展最快的产业部门是( C )。 A.第一产业 B.第二产业 C.第三产业 D.制造业 6.相对于跨国购并，下面描述中不属于绿地投资特点的是（ B）。 A.建设周期较长 B.风险较低 C.成功率低 D.适合对发展中国家投资 7.下面描述不属于国外子公司特点的是（D ）。 A.独立法人地位 B.独立公司名称 C.独立公司章程 D.与母公司合并纳税 8.下面关于国际直接投资对东道国的技术进步效应描述不正确的是（ A ）。 A.国际直接投资对东道国的技术进步效应主要是通过跨国公司直接转移发挥的 B.跨国公司将技术转让给东道国的全资子公司的方式效应最低 C.合资方式下技术转移效应较高，但转移的技术等级一般较低 D.跨国公司通过与东道国当地企业或机构合作研发将有助于推进东道国技术进步 9.在冷热环境评估法中，以下不属于“冷”因素的是（ B ）。 A.法令阻碍 B.政治稳定性 C.实质性阻碍 D.地理及文化差 10.目前我国对外借款最主要的方式为： ( C ) A.外国政府贷款 B.国际金融组织贷款 C.国际商业贷款 D.对外发行债券 三、是非题（每题2分，共10分） 1.H股公司的注册地在中国境外，但公司的主要业务资产在内地。
会计基础第七章习题和答案
第七章 一、单项选择题 1、下列账簿中，不是依据记账凭证登记的是（）。 A、明细账 B、总账 C、日记账 D、备查账 答案D 解析：备查账簿是对在序时和分类等主要账簿中都不予登记或登记不够详细的经济业务事项补充登记，它并不根据会计凭证登记，也没有固定格式，而是用文字依据表外科目登记。 2、“原材料”“库存商品”等存货类明细账，一般采用（）账簿。 A、三栏式 B、多栏式 C、数量金额式 D、横线登记式 答案C 3、下列账簿中，通常采用三栏式帐页格式的是（）。 A、管理费用明细账 B、收入类明细账 C、总分类账 D、包装物明细账
答案C 解析：选项A用借方多栏式；选项B用贷方多栏式；选项D用数量金额式。 4、下列各项中，需要在帐页上书写的是（）。 A、单位名称Ｂ账簿名称 C、账户名称 D、启用日期 答案C 5、关于明细分类账的登记方法下列表述错误的是（）。 A、不同类型的经济业务的明细账可依据管理需要，依据记账凭证、原始凭证或汇总原始凭证逐日逐笔或定期汇总登记 B、固定资产、债权、债务等明细账可以定期汇总登记 C、库存商品、原材料、产成品收发明细账可以逐笔登记 D、收入、费用等明细账可以定期汇总登记 答案B 解析：固定资产、债权、债务等明细账应逐日逐笔登记。 6、下列不属于帐实核对的是（）。
A、会计部门各种财产物资明细分类账的期末余额与财产物资保管和使用部门的有关明细分类账期末余额应核对相符 B、现金日记账账面余额应与现金实际库存数逐日相核对 C、各项财产物资明细账账面余额与财产物资的实有数额是否相符 D、有关债权、债务明细账账面余额与对方单位的账面记录是否相符 答案A 解析：选项A属于账账核对的内容。 7、银行存款日记账与银行对账单之间的核对属于（）。 A、账证核对 B、账账核对 C、账实核对 D、余额核对 答案C 8、会计审核记账凭证时发现误将1000元写成100，尚未入账，一般应采用（）进行改正。 A、重新编制记账凭证 B、红字更正法 C、补充登记法 D、画线更正法 答案A 解析：因为这一凭证的金额错误尚未登记入账，所以重新填制凭证即可，如果应经登记入账，则用补充登记
证券投资学英文版答案
CHAPTER 2: ASSET CLASSES AND FINANCIAL INSTRUMENTS 1. (d) 2. The equivalent taxable yield is: 6.75%/(1 ? 0.34) = 10.23% 3. (a) Writing a call entails unlimited potential losses as the stock price rises. 4. a. You would have to pay the asked price of: 94:30 = 94.9375% of par = $949.375 b. The coupon rate is 3.625% implying coupon payments of $36.25 annually or, more precisely, $18.125 semiannually. c. Current yield = (Annual coupon income/price) = $36.25/$949.375 = 0.0382 = 3.82% 5. Preferred stock is like long-term debt in that it typically promises a fixed payment each year. In this way, it is a perpetuity. Preferred stock is also like long-term debt in that it does not give the holder voting rights in the firm. Preferred stock is like equity in that the firm is under no contractual obligation to make the preferred stock dividend payments. Failure to make payments does not set off corporate bankruptcy. With respect to the priority of claims to the assets of the firm in the event of corporate bankruptcy, preferred stock has a higher priority than common equity but a lower priority than bonds. 6. Money market securities are called ?°cash equivalents?± because of their great liquidity. The prices of money market securities are very stable, and they can be converted to cash (i.e., sold) on very short notice and with very low transaction costs. 7. P = $10,000/1.02 = $9,803.92 8. The total before-tax income is $4. After the 70% exclusion for preferred stock dividends, the taxable income is: 0.30 ?á $4 = $1.20 Therefore, taxes are: 0.30 ?á $1.20 = $0.36 After-tax income is: $4.00 ¨C $0.36 = $3.64 Rate of return is: $3.64/$40.00 = 9.10% 9. a. General Dynamics closed today at $112.65, which was $1.56 higher than yesterday?ˉs price. Yesterday?ˉs closing price was: $111.09 b. You could buy: $5,000/$112.65 = 44.4 shares c. Your annual dividend income would be: 44.4 ? $1.60 = $71.04 d. The price-to-earnings ratio is 16 and the price is $112.65. Therefore: $112.65/Earnings per share = 16 ? Earnings per share = $7.04 10. a. At t = 0, the value of the index is: (90 + 50 + 100)/3
投资学选择题及答案英文版
投资学选择题及答案英 文版 公司内部档案编码：[OPPTR-OPPT28-OPPTL98-OPPNN08]
INVESTMENT TUTORIAL 1 SUMISSION DEADLINE: OCT 22 1. Primary market refers to the market ____________. A. that attempts to identify mispriced securities and arbitrage opportunities. B. in which investors trade already issued securities. C. where new issues of securities are offered. D. in which securities with custom-tailored characteristics are designed. 2. Asset allocation refers to the _________. A. allocation of the investment portfolio across broad asset classes B. analysis of the value of securities C. choice of specific assets within each asset class D. none of the answers define asset allocation 3. An example of a derivative security is _________. A. a common share of General Motors B. a call option on Intel stock C. a Ford bond D. a . Treasury bond 4. Money Market securities are characterized by ________. I. maturity less than one year II. safety of the principal investment
2013会计学课件第七章
第七章收入、费用和利润 第一节收入 一、收入的核算 1■收入的概念 收入，是指企业在日常活动中形成、会导致所有者权益增加、与所有者投入资本无关的经济利益总流入。会计准则所涉及的收入，包括销售商品收入、劳务收入、利息收入、使用费收入、租金收入、股利收入等，但不包括为第三方或客户代收的款项。 收入具有如下基本特征： (1)收入是从企业日常活动中产生的，而不是从偶发交易或事项中产生的。 (2)收入可能表现为企业资产的增加，如增加银行存款、应收账款等，也可能表现为企业负债的减少，或者二者兼而有之。 (3)收入能导致企业所有者权益增加，收入能增加资产或减少负债或二者兼而有之。因此，根据资产-负债=所有者权益”的公式，企业取得收入一定能增加所有者权益。 (4)收入只包括本企业经济利益的流入，不包括为第三方或客户代收的款项， 如旅行社代客户购买门票而收取票款等。。 2.收入的分类、确认和计量 (1)收入的分类 收入按企业从事日常活动的性质不同，分为销售商品收入、提供劳务收入和让渡资产使用权收入。 收入按企业经营业务的主次不同，分为主营业务收入和其他业务收入。主营业务收入是指企业为完成经营目标从事经常性活动实现的收入，其他业务收入是指企业为完成其经营目标从事与经常性活动相关活动实现的收入。 ⑵ 销售商品收入的确认和计量 销售商品收入，应当在同时符合以下五项条件时才能予以确认，具体为：①企业已将商品所有权上的主要风险和报酬转移给购货方。②企业既没有保留通常与所有权相联系的继续管理权，也没有对已售出的商品实施有效控制。③收入的金额能够可靠地计量。④相关的经济利益很可能流入企业。⑤相关的已发生或将发生的成本能够可靠地计量。 销售商品收入通常应当按照从购货方已收或应收的合同或协议价款计量。 3■收入的核算 (1)主营业务收入 企业应设置主营业务收入”科目，并按主营业务的种类进行明细核算。企业实现的主营业务收入应按实际价款记账。本月实现的营业收入，借记银行存款”应收账款”等科目，贷记主营业务收入”科目，期末应将其余额转入本年利
国际投资学试卷及答案
一、单项选择题（每小题1分，共15分） 1、二次世界大战前，国际投资是以（）为主。 A．证券投资 B.实业投资 C.直接投资 D.私人投资 2、国际货币基金组织认为，视为对企业实施有效控制的股权比例一般是（）。 A．10％ B.25％ C.35％ D.50％ 3、以下哪个不是中国发展对外投资的目的（）。 A．有利于充分利用国外自然资源 B．有利于充分利用国外资金 C．有利于扩大出口，加快国际化进程 D．有利于提高国民收入，增加就业机会 4、下面关于国际直接投资对东道国的技术进步效应描述不正确的是（）。 A．国际直接投资对东道国的技术进步效应主要是通过跨国公司直接转移发挥的 B．跨国公司将技术转让给东道国的全资子公司的方式效应最低 C．合资方式下技术转移效应较高，但转移的技术等级一般较低 D．跨国公司通过与东道国当地企业或机构合作研发将有助于推进东道国技术进步 5、以下国际投资环境评估方法属于动态方法的是（）。 A.道氏评估法 B.罗氏评估法 C.闽氏评估法 D.冷热评估法 6、以下不属于国际投资环境特点的是（）。 A.综合性 B.稳定性 C.先在行 D.差异性 7、被誉为国际直接投资理论先驱的是（）。 A.纳克斯 B.海默 C.邓宁 D.小岛清 8、以下不属于国际储备管理原则的是（a ） A.多样性 B.安全性 C.流动性 D.盈利性 9.一个子公司主要服务于一国的东道国市场，而跨国公司母公司则在不同的市场控制几个子公司的经营战略是（a ）。 A.独立子公司战略 B.多国战略 C.区域战略 D.全球战略 10、对外国政府贷款的说法中不正确的是( d ) A．外国政府贷款常与出口信贷混合使用 B．外国政府贷款利率低，期限长，有时还伴有部分赠款 C. 使用外国政府贷款要支付少量管理费 D．外国政府贷款可用于购置任何国家或地区的设备或原料 11、在证券市场线上，市场组合的β系数为（ c ）。 A.0 B.0.5 C.1.0 D.1.5 12．以下不属于国际投资环境评价形式的是（b ）。 A.专家实地考察 B.问卷调查 C.东道国政府评估 D.咨询机构评估 13、弗农提出的国际直接投资理论是（ a ）。 A.产品生命周期理论( B.垄断优势理论 C.折衷理论 D.厂商增长理论 14．以下关于国际直接投资对东道国资本形成直接效应的描述不正确的是（）。 A.在起始阶段，无疑是资本流入，是将国外储蓄国内化，一般会促进东道国的资本形成，形成新的生产能力，对东道国经济增长产生正效应 B.绿地投资能够直接增加东道国的资本存量，对东道国的资本形成有显在的正效应，而
国际投资学试题及答案
国际投资学复习题 单项选择题 1．国际投资的根本目的在于( ) A．加强经济合作B．增强政治联系 C．实现资本增值D．经济援助 2．（）是投资主体将其拥有的货币或产业资本，经跨国流动形成实物资产、无形资产或金融资产，并通过跨国经营，以实现价值增值的经济活动。 A.国际直接投资 B.国际投资 C.国际间接投资 D.国际兼并 3．内部化理论的思想渊源来自（） A.科斯定理 B.产品寿命周期理论 C.相对优势论 D.垄断优势论 4．下列半官方国际投资机构中，区域性金融及合作援助机构是( ) A．经济合作发展组织B．亚洲开发银行 C．国际货币基金组织D．世界银行 5．下列选项中，属于期权类衍生证券是( ) A．存托凭证B．利率上限或下限合约C．期货合约D．远期合约 6．国际投资时投资者对东道国投资经济环境首要考虑的经济政策是( ) A．产业政策B．税收政策 C．外资政策D．外汇政策 7．以证券承销、经纪为业务主体，并可同时从事收购策划、咨询顾问、资金管理等金融业务的金融机构，在美国叫做（） A.证券公司 B.实业银行 C.投资银行 D.有限制牌照银行 8．（）是对少数投资者发行的私人投资基金，它往往通过财务杠杆，在高于市场风险的条件下，牟取超额收益率。 A.保险金 B.共同基金 C.对冲基金 D.养老金 9．国际投资中，( )指由于汇率变动使分支公司和母公司的资产价值在会计结算时可能发生的损益。 A．交易汇率风险B．折算上的汇率风险 C．经济汇率风险D．市场汇率风险 10．（）是政府和民间商业银行联合提供的一揽子贷款。 A.买方信贷 B.混合信贷 C.卖方信贷 D.出口信贷 11．国际投资中的政治风险防范主要表现在生产和经营战略及( )上。 A．利用远期外汇市场套期保值B．融资战略C．提前或推迟支付D．人事战略 12．跨国公司以( )所进行的跨国生产加深了国与国之间的一体化程度。 A．股权和非股权安排方式B．高科技方式C．信息化方式D．统筹化方式 13．政府贷款是期限长、利率低、优惠性贷款，贷款期限可长达（）。 A.10年 B.20年 C.15年 D.30年 14．下列不属于非股权参与下实物资产的营运方式( ) A．国际合作经营B．国际合资经营 C．国际工程承包D．补偿贸易 15．在美国发行和销售的存托凭证通常用（）表示。 A.GDRs B.UDRs C.DARs D.ADRs 16.美国著名经济学家（）于20世纪70年代提出了产品周期论，从动态分析的角度说明了国际直接投资的原因 A．弗农 B. 巴克雷 C．邓宁 D. 海默 17.在国际间接投资领域，主张将证券的收益和风险综合考虑，并为此形成若干种有效证券组合的经济学家是（） A．海默 B. 维农 C．马科维茨 D.小岛清 18.有关国际投资风险的正确说法是（） A．国际投资风险与人们的主观认识无关 B．国际投资风险是客观的，因而无法测量和评估 C．国际投资风险是偶然的，因而无法防范 D．国际投资风险随时空条件而发生变化 19.（）是股份公司发给投资者用以证明投资者对公司资产拥有所有权的凭证。 A.债券 B.股票 C.贷款凭证 D.混合贷款凭证 20.短期投资是指期限在（）年以下的投资。 A．1年 B. 3年 C．5年 D. 10年 21．一个子公司主要服务于一国的东道国市场，而跨国公司母公司则在不同的市场控制几个子公司的经营战略是（）