CFA 4 questions with correct answers

if you were fired from a previous job and fail to tell your new emmployer is that a violation and if so of what? CORRECT ANSWER yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination CORRECT ANSWER 1st degree-- know price that every consumer is willing to pay. 2nd degree-- price varies according to quanity demanded. sellers aren't able to distinguish classes or consumers. third degree-- charging different prices to different consumer groups. charging kids and adults differently. peak and off peak rates for electricity. disposition bias CORRECT ANSWER loss aversion if you get offered a senior position with a new department at a bank that has bad compliance procedures and/or bad marketing materials what should you do? CORRECT ANSWER not accept the position. possibly agree to be hired as an interim consultant until proper procedures are taken. why would a multinational financial services holding company be unlikely to be able to claim GIPS compliance? CORRECT ANSWER GIPS standards require that firms be defined as an investment firm, subsidiary, or division held out to clients as a distinct business entity. multinational finance firm unlikely to be operating solely as an investment firm. to claim compliance with GIPS, who do you have to make a reasonable effort to provide a compliant presentation to? CORRECT ANSWER prospective investors only. it is reccomended to do so also for existing investors, but you don't have too. the primary monetary goal of most major central banks i