[Q191-Q215] Best Quality CFA CFA-Level-I Exam Questions BraindumpsPass Realistic Practice Exams [2022]

QUESTION 191
A researcher randomly samples 100 citizens of Florida and finds that 95 of the citizens are literate.
The researcher then finds a 90% confidence interval. Which of the following is false?

QUESTION 192
SEC rule 12b-1 allows managers of certain funds to use a portion of the fund’s average net assets every year for ___________expenses.

QUESTION 193
Which of the following will be true for a competitive firm in long-run equilibrium?
I). P = MC
II). ATC = MC
III). P = ATC

QUESTION 194
Treasury stock is disclosed in the financial statements as a

QUESTION 195
Which one of the following is a source of cash, all else equal?

QUESTION 196
Liquidity risk corresponds to the risk

QUESTION 197
Which of the following items would have a tax consequence for financial accounting purposes?
I). Fines Paid for Law Violations
II). Product Warranty Liabilities
III). Life Insurance Proceeds Received (co. is beneficiary)

QUESTION 198
Sampling error, which can be attributed to the fact that only a sample of values is observed, is

QUESTION 199
Two events, A and B, are independent if:

QUESTION 200
If a constant were to be added to a set of scores, the standard deviation would:

QUESTION 201
A hedge fund charges a base fee of 1.5% and an incentive fee of 15% on returns in excess of the risk-free rate. If the fund’s gross return is 8%, and the risk-free rate is 2.5%, the net return to the investor is:

QUESTION 202
All of the following statements about accounting practices are true EXCEPT:

QUESTION 203
Swimsuit Shop uses FIFO inventory method. During a time of rising prices and constant inventory level
(in terms of quantity), Swimsuit Shop would experience

QUESTION 204
A bell-shaped, symmetrical frequency distribution has a mean of 10. If 16% of the observations in the distribution are negative, what is the coefficient of variation of X?

QUESTION 205
What order instructions indicate how to fill an order?

QUESTION 206
Which of the following are appropriate procedures for handling insider information inside a firm?
I). Control information flow between departments.
II). Monitor employee trading when in possession of sensitive information.
III). Limit the number of employees with access to the information.

QUESTION 207
There are two types of auctions. They are:
I). Private value option.
II). Public value option.
III). Common value option.

QUESTION 208
Frequency distributions are useful for ALL BUT which of the following objectives?

QUESTION 209
Which statement(s) is/are true?
I). If one hundred units of merchandise were purchased at $15 per unit and the end-of-period replacement cost of the merchandise is $8 per unit, the merchandise will be reported at $8 per unit.
II). Goods in transit that were purchased under freight terms of FOB Shipping Point should be included in the inventory of the buyer.
III). Goods shipped FOB destination are the property of the seller until the goods are removed from the carrier and placed on the buyer’s receiving dock.
IV). Goods in transit that were shipped under freight terms of ‘FOB Shipping Point’ should be included in the seller’s inventory.

QUESTION 210
A systematic sampling method should not be used when:

QUESTION 211
Which of the following statements is not false?

QUESTION 212
Which form of efficient market hypothesis asserts that security prices reflect all information, even including insider information?

QUESTION 213
After passing CFA level 1 exam, Frank wrote a memorandum to all his clients stating that he passed
CFA, one of the most important exams in the financial industry and that this designation becomes a stamp of approval of his superior performance. Which of the following is correct?

QUESTION 214
CFA Institute recommends maintaining records for at least ____ years.

QUESTION 215
The comparative sales approach is not well suited for estimating the market value of: