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If Numbers from the State-Run China National Network Information Center

question 91

Multiple Choice

If numbers from the state-run China National Network Information Center (CNNIC) are correct,China has more than 17 million Internet users as of June 2000.The Chinese government is filtering,tracing,and monitoring everything Chinese users do online as it looks for dissidents.Yahoo!,a U.S.Internet service provider,excludes correspondence related to human rights,democracy,or Tibetan freedom transmission to and from China so it will not lose its ability to operate in China.By self-regulating communication to and from China,Yahoo! is acting:

Understand the composition of shareholders' equity.

Know what information is and is not included in the statement of changes in equity.

Distinguish between different types of financial statements and their specific purposes.

Calculate net income using given financial data.

Definitions:

Interest Rates

The cost of borrowing or the return on savings, often set by a central bank, influencing economic activity.

Short Position

A trading strategy where an investor sells a security they do not own, speculating that its price will decline, allowing them to buy it back at a lower price for a profit.

Profit

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Financial Futures Contracts

Agreements to buy or sell a financial instrument at a future date for a price agreed upon today.