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【单选题】
Michelieu tells a prospective client, "I may not have a long-term track record yet, but I am sure that you'll be very pleased with my recommendations and service. In the three years that I’ve been in the business, my equity-oriented clients have averaged a total return of more than 26% a year.” The statement is true, but Michelieu only has a few clients, and one of his clients took a large position in a penny stock (against Michelieu's advice) and realized a huge gain. This large return caused the average of all of Michelieu’s clients to exceed 26% a year. Without this one investment, the average gain would have been 8% a year. Has Michelieu violated the Standards?A.
No, because Michelieu is not promising that he can earn a 26% return in the future.
B.
No, because the statement is a true and accurate description of Michelieu's track record.
C.
Yes, because the statement misrepresents Michelieus track record.
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【简答题】Strategic alliance may bring negative effects to firms if not properly managed.
【单选题】A monopolistically competitive market
A.
may have too many or too few firms, and the government can intervene to achieve the optimal number of firms.
B.
may have too many or too few firms, but the government can do little to rectify the situation.
C.
usually has too many firms, reducing the economic profit of each firm to zero.
D.
usually has too few firms, reducing the product variety for consumers.