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An analyst is investigating the distribution of the SMG stocks return over time. He calculated the mode of 12 percent, the mean of 11 percent, and the median of 11.5 percent. The distribution can best

A. Positively skewed,with a long tail on the left side.
B. Negatively skewed,with a long tail on the left side.
C. Positively skewed,with a long tail on the right side.

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The following information involves two research analysts at a brokerage firm.
Erik Bagenot, CFA, is preparing a research report on Global Enterprises, Inc. In preparing the report, he uses materiaThe following information involves two research analysts at a brokerage firm.
Erik Bagenot, CFA, is preparing a research report on Global Enterprises, Inc. In preparing the report, he uses materia

A. Neither Bagenot nor Wain violated the Standards.
Both Bagenot and Wain violated the Standards.
C. Wain violated the Standards,but Bagenot did not.

During an onsite company visit, Jane Wang, CFA. accidentally overheard the Chief Executive Officer (CEO) of Stargazer, Inc. discussing the companys tender offer to purchase Dynamica Enterprises, a ret

A. It relates to a tender offer.
B. It was overheard and might be considered unreliable.
C. She does not have a reasonable and adequate basis for taking investment action.

The Standards of Practice Handbook is least likely to require a member of members firm to disclose which of the following to clients and prospective clients?

A. Market-making activities.
B. Service on a publicly traded companys board of directors.
C. Obligation to abide by CFA Institute Code of Ethics and Standards of Professional Conduct.

An analyst does research about technologically efficient and economically efficient. A method of production is economically efficient when:

A. It uses the most up-to-date technology.
B. The cost of human capital is as low as possible.
C. The cost of producing a given output is as low as possible.

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