[单选题]14.On which of the following principles does GATT rest?
A.A.nondiscrimination
B.B.elimination of nontariff barriers
C.C.consultation among nations in solving trade disputes
D.D.all of the above

[单选题]14.On which of the following principles does GATT rest?
A.A.nondiscrimination
B.B.elimination of nontariff barriers
C.C.consultation among nations in solving trade disputes
D.D.all of the above

[单选题]Which one of following is the rate at which a stock's price is expected to appreciate?
A. Current yield
B. Total return
C. Dividend yield
D. Capital gains yield
E. Coupon rate
Difficulty: 1 Easy
Topic: Stock dividends
Learning Objective: 08-01 Explain how stock prices depend on future dividends and dividend growth.

[单选题]Which of the following questions are appropriate to address during the financial planning process?
I. Should the firm merge with a competitor?
II. Should additional shares of stock be sold?
III. Should a particular division be sold?
IV. Should a new product be introduced?
A. I only
B. II and III only
C. I and II only
D. I, II, and III only
E. I, II, III, and IV
Difficulty: 1 Easy

[单选题] Which of the following countries has advised or banned the traditional kiss greeting? (D)
A. France.
B. Switzerland.
C. Italy.
D. All of the above.

[单选题]Which one of the following statements concerning interest rates is correct?
A. Savers would prefer annual compounding over monthly compounding given the same annual percentage rate.
B. The effective annual rate decreases as the number of compounding periods per year increases.
C. The effective annual rate equals the annual percentage rate when interest is compounded annually.
D. Borrowers would prefer monthly compounding over annual compounding given the same annual percentage rate.
E. For any positive rate of interest, the annual percentage rate will always exceed the effective annual rate.
Difficulty: 1 Easy
Topic: Interest rates
Learning Objective: 06-04 Show how interest rates are quoted (and misquoted..

[单选题]Which one of the following correctly defines the upward chain of command in a typical corporate organizational structure?
A. The vice president of finance reports to the chairman of the board.
B. The chief executive officer reports to the president.
C. The controller reports to the chief financial officer.
D. The treasurer reports to the president.
E. The chief operations officer reports to the vice president of production.

[单选题]Which one of the following compounding periods will yield the lowest effective annual rate given a stated future value at Year 5 and an annual percentage rate of 10 percent?
A. Annual
B. Semi-annual
C. Monthly
D. Daily
E. Continuous
Difficulty: 1 Easy
Topic: Interest rates
Learning Objective: 06-04 Show how interest rates are quoted (and misquoted..

[单选题]Which one of the following correctly describes the dividend yield?
A. Next year's annual dividend divided by today's stock price
B. This year's annual dividend divided by today's stock price
C. This year's annual dividend divided by next year's expected stock price
D. Next year's annual dividend divided by this year's annual dividend
E. The increase in next year's dividend over this year's dividend divided by this year's dividend
Difficulty: 1 Easy
Topic: Stock returns and yields
Learning Objective: 12-01 Calculate the return on an investment.

[单选题]Which one of the following statements related to unexpected returns is correct?
A. All announcements by a firm affect that firm's unexpected returns.
B. Unexpected returns over time have a negative effect on the total return of a firm.
C. Unexpected returns are relatively predictable in the short-term.
D. Unexpected returns generally cause the actual return to vary significantly from the expected return over the long-term.
E. Unexpected returns can be either positive or negative in the short term but tend to be zero over the long-term.
Difficulty: 1 Easy
Topic: Expected return
Learning Objective: 13-01 Show how to calculate expected returns, variance, and standard deviation.

[单选题]Which one of the following standardizes items on the income statement and balance sheet relative to their values as of a chosen point in time?
A. Statement of standardization
B. Statement of cash flows
C. Common-base year statement
D. Common-size statement
E. Base reconciliation statement
Difficulty: 1 Easy
Topic: Standardized financial statements

[单选题]Which one of the following statements correctly applies to the period 1926–2016?
A. Large-company stocks earned a higher average risk premium than did small-company stocks.
B. The average inflation rate exceeded the average return on U.S. Treasury bills.
C. Large-company stocks had an average annual return of 14.7 percent.
D. Inflation averaged 2.6 percent for the period.
E. Long-term corporate bonds outperformed long-term government bonds.
Difficulty: 1 Easy
Topic: Historical performance
Learning Objective: 12-02 Discuss the historical returns on various important types of investments.