CFA考试历年真题精选b

1、Gabrielle Gabbe, CFA has been accused of professional misconduct by one of her competitors. The allegations concern Gabbe's personal bankruptcy filing ten years ago when she was a college student and had a large amount of medical bills she could not pay. By not disclosing the bankruptcy filing to her clients, did Gabbe most likely violate any CFA Institute Standards of Professional Conduct?【单选题】

A.No.

B.Yes, related to Misconduct.

C.Yes, related to Misrepresentation.

正确答案:A

答案解析:"Guidance for Standards I-VII CFA Institute"A is correct as a personal bankruptcy does not necessarily constitute a violation of Standard I (D). If the circumstances of the bankruptcy involved fraudulent or deceitful business conduct then failing to disclose it may constitute a violation of the Standards.

2、The free-rider problem, an obstacle to efficiency, is most likely associated with:【单选题】

A.monopolies.

B.public goods.

C.subsidies and quotas.

正确答案:B

答案解析:“Efficiency and Equity,”Michael ParkinPublic goods can be consumed simultaneously by everyone and it is in each person’s interest to free ride on everyone else and avoid paying for her or his share of a public good.

3、Which of the following is the least appropriate accounting treatment for marketable securities under IAS No. 39?【单选题】

正确答案:C

答案解析:“International Standards Convergence,”Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, Elaine Henry, CFA, and Michael A. Broihahn, CFAAll categories treat realized gains or losses in the same way - they are reported on the income statement. It is the unrealized gains and losses that are included in other comprehensive income (in equity) for available for sale securities carried at market value. 4、Income statements for two companies (A and B) and the common-sized income statement forthe industry are provided below:The best conclusion an analyst can make is that:【单选题】

https://www.360docs.net/doc/e816853992.html,pany B’s interest rate is lower than the industry average.

B.both companies’ tax rates are higher than the industry average.

https://www.360docs.net/doc/e816853992.html,pany A earns a higher gross margin than both Company B and the industry.

正确答案:C