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问题 判断题

与发行股票和债券相比，发行存托凭证的成本更低。（）

答案

参考答案：对

解析：对发行人而言，发行存托凭证能够带来下列好处：市场容量大，筹资能力强；避开直接发行股票与债券的法律要求，上市手续简单，发行成本低。

选择题

地形以平原为主的大洲是

A．亚洲

B．欧洲

C．非洲

D．美洲
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单项选择题

Holiday receipts—the total sales recorded in the fourth quarter of the year—determine the economic success or failure of many retail businesses. Camco, a retailer selling just one camera model, is an excellent example. Camco’s holiday receipts, on average, account for a third of its yearly total receipts and about half of its yearly profits.
If the statements above are true, which of the following must also be true about Camco on the basis of them

A．Its fixed expenses per camera sold are higher during the fourth quarter than for any of the other three quarters.

B．It makes more profit during the first and third quarters combined than during the fourth quarter.

C．Its per-camera retail price is lower, on average, during the fourth quarter than during any one of the first three quarters.

D．It makes less profit, on average, for a given dollar amount of sales during the first three quarters combined than during the fourth quarter.

E．(E) The per-camera price it pays to wholesalers is higher, on average, during the fourth quarter than during any of the other three quarters.
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