更多"Kristen Chandler, CFA, is an invest"的相关试题:
[单项选择]Kristen Chandler, CFA, has been doing research about different types of goods. Which of the following goods has a positively sloped demand curve as a result of the negative income effect overweighting the positive substitution effect（）
A. Veblen.
B. Giffen.
C. Inferior.
[单项选择]Thomas Edison, CFA, is an investment consultant in the London office of Dalton Securities and forecasts next year's performance of securities market. According to Chebyshev's inequality, the minimum proportion of observations falling within ±3 standard deviations of the mean is closest to:（）
A. 50%
B. 89%
C. 94%
[单项选择]Joseph Glass, CFA, is a consultant who provides advisory services to large manufacturing companies. Glass has been retained by ABCO, a leading manufacturer of widgets for automobiles in the United States. ABCO has hired Glass to evaluate the possibility of expanding their current base of operations by building an additional facility in South America. Management of ABCO has identified an increase in demand for widgets in South America over the past decade, and any new manufacturing facility would produce goods to satisfy that void and would be distributed and sold across South America.
Glass is not familiar with the current economic climate in South America, but is aware that several governments have attempted to encourage economic development in their countries through the enactment of pro-business legislation. Two of these countries, Venezuela and Peru, both have the reputations of being “friendly” to foreign economic investment within their borders. The two countries share some s
A. Marginal costs equal marginal revenue.
B. Average costs equal marginal revenue.
C. Average costs equal average revenue.
D. The marginal cost curve intersects the demand schedule.
[单项选择]Samuel Peter, CFA, manages investment portfolios for high-net-worth individuals. Peter differentiates client service levels by portfolio size and management fee, and he trades more actively in his largest portfolios to make sure that those clients who pay the most management fees get priority and better performance. He fully discloses this arrangement to all of his clients. Has Peter most likely violated the Standards of Professional Conduct（）
A. No.
B. Yes, relating to fair dealing.
C. Yes, relating to communication with clients and prospective clients.
[单项选择]Joe Robison, CFA is an investment manager with full responsibility for the Gemstone Corporation relationship. During the past 12 months Joe has used 75% of the client brokerage of Gemstone to execute the Company’s stock trades and to directly assist in the investment decision process of Gemstone: Joe has independently obtained best price and execution for all of Gemstone’s stock trades. The remaining 25% of the client brokerage has been used to purchase bookshelves and computer chairs for Joe’s investment firm’s library. Which of the following is the most accurate statement pertaining to Joe’s use of the above soft dollars （）
A. Joe has properly used Gemstone’s client brokerage since he obtained best price and execution for all of the stock trades.
B. The 75 % of the client brokerage used by Joe was in full compliance with the Soft Dollar standard. The remaining 25% use of Gemstone’s client brokerage should be disallowed since it did not directly assist Joe in the investment decision process of Gemstone.
C. Joe’s use of soft dollars for Gemstone was proper since the client brokerage is the property of the investment firm and can be allocated per the direction of the investment manager.
[单项选择]Louis Perkowski, CFA, is an investment advisor for institutional clients in Sarkozi Securities. To comply with the Standards of Professional Conduct relating to diligence and reasonable basis, when selecting external advisors, Perkowski must:（）
A. ensure that Sarkozi Securities has standardized criteria for reviewing external advisors.
B. ensure that the external advisors have the lowest management fee relative to others.
C. ensure that the external advisors have the best historical performance relative to others.
[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]Michael Allen, CFA, works for an investment management company and manages portfolios for a variety of retail and institutional clients for his firm, including his wealthy uncle, all of whom pay a management fee for his services. Lawrence Brown, an analyst at a brokerage firm has recommended Allen a high yield hedge fund based on its historical performance. Allen purchases a large block of this hedge fund and allocates proportionately to all client portfolios, including his uncle's portfolio. Has Allen most likely violated the Standards of Professional Conduct（ ）
A. No.
B. Yes, relating to suitability.
C. Yes, relating to fair dealing.
[单项选择]Caleb Smith, CFA, is an investment advisor and manages the portfolios of several high-net-worth individuals. To comply with the Standards of Professional Conduct relating to suitability, at the inception of the client relationship, Smith must :（）
A. gather client information including the client's financial circumstances, personal data that are relevant to investment decisions, attitudes towards risk, and objectives in investing.
B. invest in a manner consistent with the stated mandate.
C. consider the possibilities of rapidly changing investment environments and their likely impact on a client's holdings.
[单项选择]Bob Wade, CFA, is the chief investment officer of his state's retirement fund in Smith Capital. One day, Wade receives a non-cash gift from Michael Papis who is a client of Wade. According to the Standards of Professional Conduct relating to independence and objectivity, which of the following statements is most accurate Wade must:（）
A. decline the gift from Papis.
B. disclose the gift to Smith Capital.
C. disclose the gift to both Smith Capital and other clients of Wade.
[单项选择]Tom Wayne, CFA, is the investment manager of the Franklin City Employee Pension Plan. Wayne is a volunteer of CFA Institute and helps write CFA examination questions. Introduction materials of Franklin state: "Tom Wayne holds the CFA designation and has been appointed to assist in writing CFA examination questions. The honor puts him in the top tier of CFA charter holders. " Has Wayne violated the Professional Conduct Standards（）
A. No.
B. Yes, relating to preservation of confidentiality.
C. Yes, relating to conduct as members and candidates in the CFA program.
[单项选择]Lynn Moody, CFA, is an investment officer at the Lester Trust Company. Moody also volunteers on a fund-raising committee for a local nonprofit organization with the purpose of environment protection. Moody sees the name of David Bradford, a former client of her company on the list of prospective new donors. Without disclosing that Bradford was a former client, Moody tells the committee that Bradford has donated generously to similar nonprofit organizations. Has Moody most likely violated the Standards of Professional Conduct
A. No.
B. Yes, relating to disclosure of conflicts.
C. Yes, relating to preservation of confidentiality.
[简答题]haphazard investment
[单项选择]
Wesley Whitcomb, CFA, participated as a CFA examination grader in 2012. Prior to participating in grading CFA examinations, Whitcomb was required to sign a CFA Institute Grader Agreement drafted by CFA Institute stating that graders are not to reveal or discuss the exam materials with anyone except CFA Institute staff and other graders. Several weeks after the conclusion of the CFA exam grading, Whitcomb returns to his office and is having dinner with several colleagues some of who are the Level Ⅲ candidates in the CFA Program. One of the candidates mentions that he is very disappointed about his examination this time and afraid of failing for the exam because he unintentionally made a calculation mistake when answering the first essay question of investment policy statement. Whitcomb responds by telling the candidate that he was a grader for the 2012 examination and that it would be unfortunate if the candidate did give wrong answer to that question because most candidates scored
A. A
B. B
C. C
[单项选择]Neil Barton, CFA, and Nancy Roberts, CFA, began a joint research report on Stamp Corporation. Nancy spent several days visiting Stamp’s corporate headquarters and meeting with all company officers. Prior to the completion of the report, Nancy was reassigned to another project. Neil utilized his and Nancy’s research to write the report. According to the CFA Institute Standards of practice Handbook, did Nell Violate any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to independence and objectivity.
