题目内容

Regarding a companys production function, both labor costs and capital costs are best described as:

A. Fixed in the long run.
B. Variable in the long run
C. Variable in the short run

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Preeta Singh, a CFA Candidate, is an asset manager employed by a fund management company managing very large segregated pension funds. In her spare time outside of working hours, Singh likes to provid

A. No.
B. Yes,with regard to loyalty.
C. Yes,with regard to additional compensation arrangements.

Assuming no short selling, diversification benefit is most likely to occur when the correlations among the securities contained in the portfolio are:

A. Equal to positive one
B. Less than positive one
C. Greater than positive one

In a sales-driven pro forma analysis, retained earnings is most accurately forecasted as:

A percentage of forecasted sales.
B. Previous retained earnings plus forecasted financing surplus or deficiency.
C. Previous retained earnings plus forecasted net income less forecasted dividends.

Tibor Figeczky, CFA, is an equity trader at Global Investment Bank (GB), Figeczky traded the banks investment portfolio profitably for the past three years and earned significant bonuses for his effor

A. Disclose the complaint to the CFA Institute.
B. Refuse further bonuses until the issue is resolved.
C. Request a temporary suspension of his CFA Institute membership.

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