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NEW QUESTION: 1
A. Option C
B. Option D
C. Option B
D. Option A
Answer: B
NEW QUESTION: 2
A development team, new to scrum, questions the need to collect metrics on team performance.
While team members understand velocity and burn down, they feel that once velocity becomes settled it is needless to keep track.
What should the agile coach tell the team?
A. Tracking velocity will provide a baseline for the team to see how their continuous improvement efforts are working.
B. Continuing to track velocity allows functional managers to assess whether or not the team is performing at the desired rate.
C. The trends will show how the team performs against other scrum teams in the organization.
D. Tracking velocity will document and communicate team health to the stakeholders.
Answer: A
NEW QUESTION: 3
A treasury obligation having no fixed rate of interest with a thirty day maturity due April 22 is most likely a:
A. Series H bond
B. Series EE bond
C. tax anticipation bill
D. treasury note
Answer: C
Explanation:
tax anticipation bill. These obligations pay no interest and their maturity comes after
corporate tax payment dates. They are accepted for redemption at face value prior to maturity on
corporate tax payment dates to encourage purchase by corporations.
NEW QUESTION: 4
Benny Len is an analyst at a large Brokerage house. Benny has recently done a study analyzing two years of historical information on the returns of stocks with high PE ratios. Benny concludes that these high PE stocks generate low returns and reports that these stocks should be sold from all client portfolios.
According to CFA Institute's Standards of Professional Conduct, which Standard of Professional Conduct has been violated?
A. Standard I Professionalism (B: Independence and objectivity).
B. Standard V Investment Analysis, Recommendations, and Action (A: Diligence and Reasonable Basis)
C. Standard III Duties to Clients (B: Loyalty, Prudence and Care).
Answer: B
Explanation:
Standard V(A) - Diligence and Reasonable Basis - has been violated since Benny's conclusion is not supported by sufficient historical data. It should have been based on a more detailed historical review. Two years is NOT sufficient time to be able to generate such an opinion.