题目内容

Based on best practices in corporate governance procedures, independent board members most likely:

A. Meet only in the presence of management.
B. Have a “lead” director when the board chair is not independent.
C. Hire independent consultants who are pre-approved by management.

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Which is most likely considered a “pull” on liquidity?

A. Obsolete inventory
B. Reduction in a line of credit
C. Increased difficulty in collecting receivables

A portfolio manager is required to sell 31,250 shares of XYZ Inc. in two months. She is concerned the price of XYZ shares will decline during the 2-month period, so she enters into a deliverable equit

A. Pay EUR 687,500 to the dealer.
B. Receive EUR 4,312,500 from the dealer.
C. Receive EUR 5,000,000 from the dealer.

An analyst can most accurately identify a LIFO liquidation by observing a(n):

A. Increase in gross margin
B. Decrease in the LIFO reserve
Change in inventory out of line with change in sales

The yield on a U.S. Treasury STRIPS security is also known as the Treasury:

A. Spot rate.
B. Yield spread.
C. Forward rate.

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