[单项选择]When calculating the settlement payment on a long position in a London Interbank Offered Rate (LIBOR) -based forward rate agreement, the denominator is best described as :（　）
A. the interest differential between a loan made at the contract rate and one made at the market rate at contract expiration. 
B. a discount factor based on LIBOR at settlement. 
C. a discount factor based on the contract LIBOR rate.

[单项选择]Customers often defer payment for as long as possible.
A. make
B. demand
C. postpone
D. obtain

[单项选择]When calculating cash flow from operations (CFO) using the indirect method, which of the following is most accurate（）
A. The indirect method requires an additional schedule to reconcile net income to cash flow. 
B. In using the indirect method, each item on the income statement is converted to its cash equivalent.
C. When recognizing a gain on the sale of fixed assets, the amount is a deduction to operating cash flows.

[单项选择]When calculating the cost of in-house training, many small firms do not include
A. course fees.
B. managers’ time.
C. accountants’ costs.

[单项选择]When the dispute over duty payment arises between the duty payer and the Customs, the duty payer should first pay the duty and then, within （） of the issuance of the duty memo, apply to the Customs in writing for a reconsideration of the case.
A. 10 days
B. 20 days
C. 30 days
D. one year

[单项选择]when the dispute over duty payment arises between the duty payer and the Customs, the duty payer should first pay the duty and then, within ______ days of the issuance of the duty memo, apply to the Customs in writing for a reconsidertation of the case.
A. 10 days
B. 20 days
C. 30 days
D. 50 days

[单项选择]

When animals make long journeys across places where there is no food or shelter, such as deserts or oceans, it is very important that they should be able to find their way accurately.
Birds find their way by the stars at night and by the sun during the day. People thought that this was impossible. Then some scientists made an experiment. They put some migrating birds(候鸟)in cages inside a planetarium(天象图). When the operator turned the artificial sky(人造天空)round, the birds began to fly to the sides of the cage. Every time he moved it, the birds moved to a new position. Scientists discovered that they always flew toward the direction in which they would have flown if the sky had been real. This proved that they could see the stars and respond to them.
Many animals, especially birds, have a very precise sense of time, which is called their “internal clock”. In cloudy weather, birds delay setting off on long journeys, but if the cloud lasts for a long time,
A. Birds find their way by the stars at night and by the sun during the day.
B. Birds can tell the differences between real sky and artificial sky.
C. Birds can see the stars and would move when the stars change position.
D. Birds always fly to the sides of the cage.

[填空题]How long can the payment be put off without being charged

[单项选择]A. Payment increase.
B. A long holiday.
C. Flexible working schedule.
D. Promotion.