1) An analyst has not paid her CFA Institute dues for several years but has filed a professional conduct statement annually. Which of the following statements is true regarding her status with the CFA Institute? The analyst’s membership is:
A) considered “inactive”
B) suspended and she is not considered a CFA charterholder
C) temporarily suspended until she pays her dues.
2) Tony Calaveccio, CFA, is the manager of the TrustCo Small Cap Venture Fund in Toronto. He places trades for the fund with River City Brokerage. River City provides calaveccio with soft dollars to purchase research. River City also deals in municipal bonds, some of which Calaveccio holds in his personal portfolio. He periodically uses the soft dollars to request research reports on various small cap stocks and also on the status of the municipal bond market and issues that he holds. These actions are:
A) not in violation of the Code and Standards.
B) in violation of his fiduciary duties regarding both the small cap research and the municipal bond research.
C) in violation of his fiduciary duties regarding the municipal bond research but no so regarding the research on the small cap issues.
3) Kenny Barrett, CFA, is working in the Australian office of American Investments Co. From an informal conversation, Barrett learns that the company’s most recent investment report was based on misappropriated information. No one at the Australian office expresses concern, however, because there has been no breach of Australian law. Barrett should:
A) do nothing because the branch is outside of U.S. jurisdiction
B) seek advice from company counsel to determine appropriate action
C) disassociate himself from the case with a written report to his supervisor
4) Which measure of central tendency can be used for both numerical and categorical variables?
A) Mean
B) Median
C) Mode
5) If an increase in aggregate demand is greater than expected, actual inflation is:
A) less than expected inflation and unemployment decreases.
B) greater than expected inflation and unemployment increases.
C) greater than expected inflation and unemployment decreases.
6) In a discussion about the factors that determine a firm’s demand of labor, Kathleen Jorgensen asserts the following:
Statement 1: A firm’s marginal revenue curve is equivalent to its shortterm demand curve.
Statement 2: A decrease in the equilibrium market price of a firm’s product will increase the firm’s demand for labor because the firm will sell more units of the product.
Statement 1 Statement 2
A) Correct Incorrect
B) Correct Correct
C) Incorrect Incorrect |
发表于 2013-4-12 23:11
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