更多"Michael Papis, CFA, does research a"的相关试题:
[单项选择]Michael Papis, CFA, is a chief investment officer of Assess Capital Management and manages several high-net-worth individual clients. Papis is responsible for presenting annual composite performance report for his managed accounts to his clients and prospective clients. In evaluating which accounts to include, he analyzes each of his managed accounts quarterly and picks those that have outperformed the benchmark to include in the composite performance report. Papis has least likely violated the Standards of Professional Conduct relating to:()
A. independence and objectivity.
B. misrepresentation.
C. performance presentation.
[单项选择]An analyst does research about expansionary fiscal policy. An increase in a government's spending and a decrease in a government's tax will most likely cause a decrease in:()
A. private saving only.
B. private investment only.
C. both private saving and private investment.
[单项选择]An analyst does research about fiscal policy. With respect to the balanced budget multiplies, if a government simultaneously increases spending by $10 billion and raises the same amount in new taxes to finance the spending, the impact on GDP will most likely be:()
A. negative.
B. neutral.
C. positive.
[单项选择]Benjamin Franklin, CFA, does research about consumer surplus and producer surplus. The deadweight loss from a perfectly competitive market is most likely:()
A. greater than the deadweight loss of a monopoly market.
B. less than the deadweight loss of a monopoly market.
C. equal to the deadweight loss of a monopoly market.
[单项选择]Jack George, CFA, does research about financial leverage and gathers the following information about a company (in millions):
| 2011 | 2010 |
Interest expense | $15 | $15 |
Net profit margin | 12.0% | 9.0% |
Total asset turnover | 2.0 | 2.2 |
If return on equity decreased over the same time period, the company's financial leverage most likely:()
A. decreased.
B. remained the same.
C. increased.
[单项选择]Babu Dhaliwal, CFA, does research about foreign exchange market. The euro per Argentine peso (EUR/ARS) spot rate is 0.1789 and the forward rate is at a discount of 0.27%. The forward rate is closest to:()
A. 0.1741
B. 0.1784
C. 0.1794
[单项选择]Helen Hawke, CFA, does research about foreign exchange market. Hawke gathers the following information about currency spot rates:
| Spot Rate |
CAD/USD | 0.9811 |
EUR/USD | 1.2388 |
Note: CAD/USD exchange rate quote convention is CAD per USD.
CAD=Canadian dollar, USD=U. S. dollar, EUR=euro.
The cross-rate EUR/CAD is closest to:()
A. 0.7920
B. 1.2154
C. 1.2627
[单项选择]Andre Shrub, CFA, does research about the production function approach to analyzing the sources of economic growth. Total factor productivity best reflects the portion of economic growth related to:()
A. technology.
B. labor.
C. capital.
[单项选择]Brendan Witt, CFA, does research about the Fisher effect. Which of the following statements is most accurate about the Fisher effect in the long term()
A. Changes in the nominal interest rate are the result of changes in the real interest rate only.
B. Changes in the nominal interest rate are the result of changes in the expected rate of inflation only.
C. Changes in the nominal interest rate are the result of changes in both the real interest rate and the expected rate of inflation.
[单项选择]Some people talk about immigration in terms of politics, some in terms of history. But the core of the matter is numbers. The Labor Department says that immigrants make up about 15 percent of the work force. It’s estimated that a third of those are undocumented workers. The Pew Hispanic Center estimates that one in four farmhands in the United States is an undocumented immigrant, and that they make up a significant portion of the people who build our houses, clean our office buildings and prepare our food.
America has become a nation dependent on the presence of newcomers, both those with green cards and those without. Business leaders say agriculture, construction, meatpacking and other industries would collapse without them.
Sure, it would be great if everyone were here legally, if the immigration service weren’t such a disaster that getting a green card is a life’s work. It would be great if other nations had economies robust enough to support their citizens so leaving hom
A. 15 percent
B. one third
C. 4.5 percent
D. one in four
[单项选择]Jasmir Singh, CFA, is a famous economist and does research about capital market. Which of the following factors most likely affects the demand for capital and not supply of capital()
A. Marginal revenue product of capital.
B. Income.
C. Interest rates.
[单项选择]How does Ghosn feel about Nissan
A. Nissan is a legend to be remembered.
B. Nissan sets a good example in auto industry.
C. Nissan is well worth studyin
[单项选择]An analyst does research about financial reporting quality. An incentive for a company's management reporting lower earnings is least likely to:()
A. remain in compliance with lending covenants.
B. obtain trade relief in the form of quotas or protective tariffs.
C. negotiate favorable terms from creditors.
[单项选择]An analyst does research about financial statements. Which of the following best describes the firm's financial performance over a period of time()
A. Balance sheet.
B. Income statement.
C. Cash flow statement.
[单项选择]An analyst does research about monopolistic competition. Which of the following statements is most accurate Long-run economic profit under monopolistic competition is zero because:()
A. entry into and exit from the market are possible with fairly low costs.
B. each firm produces a differentiated product.
C. two or more firms have the incentive to collude.