You are an industry analyst for an investment firm. In your spare time, you form an investment club with former college friends. You agree to manage a portfolio of commingled funds for a fee and a performance incentive and intend to use information gained at your firm to manage the portfolio. You inform your supervisor of this venture in writing and he approves.

• A.You have violated the Standard because you intend to use information obtained at work.
• B.You have not violated the Standard because you informed your supervisor in writing and your supervisor approved.
• C.You have violated the Standard because it precludes all activities competing with your employer.

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If an economy is in a long-run equilibrium and an unexpected increase in aggregate demand occurs, the temporary output will ____ and the permanent prices will ____.

• A.decrease, increase.
• B.increase, decrease.
• C.increase, increase.

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When the average product is greater than the marginal product, then the average product is

• A.falling.
• B.not changing.
• C.rising.

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

• A.increase by the magnitude of that constant.
• B.remain the same.
• C.increase by the square root of that constant.

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Credit investors may use the financial information to make economic decisions, including:
I). Determining the creditworthiness of a company.
II). Assigning a debt rating to a bond issue.
III). Valuating a stock for making an investment recommendation to others.
IV). Examining compliance with debt covenants or other contractual arrangements.

• A.I, II, III and IV.
• B.I, II and III.
• C.I, II and IV.

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