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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2022-03-26.q499 Dumps
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Question 256

Liquidity affects:
I). brokerage commission.
II). bid-ask spread.
III). price impact.

Correct Answer: B
All three are components of the cost of trading but brokerage commission is usually negotiable.
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Question 257

Which of the following would indicate a company is using conservative accounting policies?

Correct Answer: A
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Question 258

Which one of these patterns is not a continuation pattern?

Correct Answer: C
It is a reversal pattern.
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Question 259

On the same test, Tom scored at the 87th percentile, and Bill scored at the 73rd. This means

Correct Answer: A
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Question 260

Manufacturers were subdivided into groups by volume of sales. Those with more than $100 million in sales were classified as Class A large; those from $50 to $100 million as Class A medium size; and those between $25 and $50 million, and so on. Samples were then selected from each of these groups. What is this type of sampling called?

Correct Answer: A
This is stratified random sampling. It is a method of selecting a random item from each section of the population. The randomness comes from the random selection from a particular section.
Stratified refers to the division of the sections.
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