Updated data exhibits, added new cases, optimized reading to reflect a better learning experience, and improved end-of-reading questions. See how the Level II of the CFA Program Curriculum has changed over the past two years and visit our website for more information.
Summary of CFA pass rates since 2010. Here are the latest CFA pass rates: 36% for Level 1 (Nov 2022) – Trend remains slightly below long-term average. The Level III exam is considered one of the CFA's more demanding exams, as many of the questions are in essay form. The key to success is practicing as many essay-type questions as possible and mastering the topics specific to portfolio management, which is the focus of this exam.
Finally, the most difficult CFA Level 3 topics are Fixed Income, Ethics, Equity Investing, Alternative Investing, and Derivatives.
Pass rates have plummeted since the computer-based exam format for the CFA exam was made public. CFA Minimum Passing Score (MPS) estimates also show an increase in MPS.
When determining passing scores for Level 3 exams, they are often placed in the 60% range. This means that you must score approximately 60% in both the morning and afternoon on each test segment of the Level 3 exam.
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Describe the type of society in which there would be a high demand for a wide variety of products.
Answer:
They work together to regulate supply, Demand, and prices.
Explanation:
i got it right ;)
Answer: The correct answer is:
A society with a modern economy drives the supply and demand for products based on the production, distribution, and consumption of various goods and services. Demand for commodities (physical products) within the economy drives product price and availability. Some farm commodities require a food distribution system to deliver products from local or remote farms to the markets and consumers. In a society where the economy is healthy and thriving, the demand for goods and services would be higher for popular products, which would also drive up the prices.
Explanation: This answer has been confirmed correct.
.Others at work see me as assertive. need answers for application
Answer:
yes
Explanation:
It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way
Which nims management characteristic includes documents that record?.
The NIMS management characteristic that includes documents that record is Documentation Management.
The National Incident Management System (NIMS) is a systematic approach to guide the nation's stakeholders to work together seamlessly during crisis management. NIMS comprises various concepts, principles, and terminology that assist in coordinating incidents and events across the country. It defines standardized incident management processes, outlining the key activities undertaken by emergency managers to prepare for, respond to, recover from, and mitigate incidents and emergencies, both natural and human-caused, including terrorist attacks.
During NIMS management, documentation management is a characteristic that is involved in recording documents. Documentation management is an essential part of NIMS that allows incident managers to document incident activities and decisions and then use that documentation to evaluate operations, identify potential process enhancements, and improve performance. This management also includes developing and maintaining documents and records such as After-Action Reports (AARs), Standard Operating Procedures (SOPs), and Incident Action Plans (IAPs) as well as acquiring, organizing, distributing, and archiving these documents.
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Please help!!! 100 points!!!
please actually answer and don't just copy my question
1. In this course, you have learned how to identify business ideas and opportunities. Describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 3.0 points)
***Describe 3 trends AND explain how EACH generates a small business opportunity
2. Make a list of at least 5 business ideas that you would be interested in starting as an entrepreneur. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better than the others. (1-5 sentences. 7.0 points)
TIP: You will create a marketing plan for this business idea in your next assignment, so pick an idea you like.
***Make a list of 5 business ideas THEN explain which one is the best opportunity for you, THEN give 3 reasons why this opportunity is better than the others.
Answer:
There
Explanation:
daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest to most recent). what are the forecast sales for the next day using a three-day weighted moving average where the weights are 3, 1, and 1 (the highest weight is for the most recent number)?
The forecast sales for the next day using a three-day weighted moving average where the weights are 3, 1, and 1 would be 13.
To use a three-day weighted moving average, we need to take the last three observations and multiply them by the respective weights (3, 1, 1) and add them together. Then we divide the result by the sum of the weights, which is 5 in this case.
So, for the last three days (i.e., days 8, 9, and 10), we have:
Day 8: 12 x 3 = 36
Day 9: 13 x 1 = 13
Day 10: 15 x 1 = 15
Total: 36 + 13 + 15 = 64
Forecasted sales for the next day would be 64 / 5 = 12.8, which we can round off to 13.
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By the monetary unit assumption, how would an accountant view the promotion of good morale in business?
A. as something useful
B. as something important
C. as something useless
D. as something necessary
By the monetary unit assumption, an accountant would view the promotion of good morale in business as something useless. Thus, option 'C' is the correct option.
What is a monetary unit assumption?According to the monetary unit assumption, the dollar's stability should allow for the addition of dollars from various years without the need for any adjustments. The monetary unit assumption is invalidated when the dollar's value changes significantly over time. The fact that U.S. accountants record a corporation's assets as dollar quantities is another aspect of the monetary unit assumption (rather than reporting details of all of the assets).
An asset cannot be recorded in a general ledger account if it cannot be valued in dollars. A particularly successful company's management staff, for instance, can be its most important resource. The accountant, however, is unable to accurately translate those gifted individuals into US dollars.
Therefore, option 'C' is the correct option.
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By the monetary unit assumption an accountant view the promotion of good morale in business as something useless. Option (c) is correct.
What do you mean by Promotion?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
Companies must only include transaction data that can be stated in terms of money in their accounting records because of the monetary unit assumption. The economic entity assumption mandates that each economic entity's operations be maintained distinct from those of its owner(s) and other economic entities.
Therefore, Option (c) is correct. By the monetary unit assumption an accountant view the promotion of good morale in business as something useless.
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Under the Investment Advisers Act of 1940, cash payment to a broker-dealer from an investment adviser in return for client referrals is A) not permitted under any circumstances B) permitted with no restrictions C) permitted if the investment adviser makes certain disclosures to the clients and meets other requirements D) permitted if the investment adviser and broker-dealer are affiliated
Answer:
It's A.
Explanation:
A company paid a dividend of $1.73 yesterday, it is expected to grow by 2.26% per year. The company has a discount rate of 11.87%. What is the value of the stock today?
The stock value today, calculated using the Dividend Discount Model, is $23.85, based on a $1.73 dividend, 2.26% growth rate, and 11.87% discount rate.
Given,Dividend paid yesterday = $1.73Expected growth rate = 2.26%Discount rate = 11.87%We need to calculate the value of the stock today. There are various ways to calculate the stock price like Dividend Discount Model, Discounted Cash Flow Model, Earnings Capitalization Model, and Price-to-Earnings Ratio Method. Here, we can use the Dividend Discount Model.The formula for the Dividend Discount Model is; P0 = D1 / (k - g)where,P0 is the current stock price, D1 is the dividend received at the end of the first year, k is the cost of equity capital, g is the growth rate of dividendThe value of P0 will give us the current stock price. Let’s substitute the given values in the formula and find the stock price.P0 = 1.73 * (1+0.0226) / (0.1187 - 0.0226) = $23.85Therefore, the value of the stock today is $23.85.Summary: A company paid a dividend of $1.73 yesterday, which is expected to grow by 2.26% per year. The company has a discount rate of 11.87%. The Dividend Discount Model is used to calculate the value of the stock. By substituting the given values in the formula, we found that the value of the stock today is $23.85.For more questions on stock
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Of the following sources of external finance for American nonfinancial businesses, the least important is
A) loans from banks.
B) stocks.
C) bonds and commercial paper.
D) loans from other financial intermediaries
B) Stocks are the least significant of the following forms of outside funding for American nonfinancial enterprises.
How do stocks work?
It encompasses all of the different characteristics and features that go into producing a good or service, from the raw materials needed to make them to their designs, marketing strategies, and distribution channels. All of these factors affect how consumers perceive a good or service in contrast to its competitors. The result is where the product or service is positioned on the market.
Businesses make strategic decisions for market positioning based on a range of variables, including price and quality. A product or brand, however, might exist in other contexts besides these. They also compete on "use and application" and "attributes and advantages," or what it is, what it accomplishes for consumers, and how it accomplishes it.
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Total sales: $60,230 Rate of commission: 6% on first $40,000
7% on next $10,000;
8% on sales over $50,000
Income: ?
Answer:
1000000 wdnjdkdidhxh fdjjxifid
To prevent loss of work on the computer, it is essential to:
A. file your document.
B. save your document frequently.
C. name your document frequently.
D. open your document
Answer:
B. save your document frequently
Explanation:
Saving your documents time to time will prevent loss of work on computer which could be possible due to different reasons like electricity off, some wiring issue or even hardware/software of computer could be hanged.
So saving frequently can save your work also it is best practice to save in different name so that older history is maintained.
New solution to these problems are using cloud based documents those auto save your work and also maintain history.
BUS/ECON - What is the legal term for the procedure through which a document is determined to be a valid will? The term is also used for the court that makes this determination?
The legal term for the procedure through which a document is determined to be a valid will is "probate." Probate is also used to refer to the court that makes this determination.
The probate process begins when a person passes away, and their will is submitted to the court for validation. During this procedure, the court examines the document to ensure that it meets all the legal requirements for a will, such as being written, signed, and witnessed.
Once the will is deemed valid, the court then oversees the administration of the deceased person's estate.
The primary purpose of probate is to ensure that the decedent's assets are distributed according to their wishes, as expressed in the will. This process typically involves appointing an executor or personal representative to manage the estate, paying any debts and taxes owed by the deceased, and distributing the remaining assets to the beneficiaries named in the will.
Probation can be a lengthy and costly process, which is why some individuals choose to establish trust or take other steps to avoid it. However, even in cases where probate is necessary, the court's role is essential in ensuring that the deceased's final wishes are honored and that their assets are distributed fairly and according to the law.
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one main financial vehicle collateral requirements?
The collateral requirements for financial vehicles can vary depending on the type of vehicle and the regulations in the jurisdiction in which it operates.
However, one common financial vehicle that often requires collateral is a margin account.
A margin account is a type of investment account that allows an individual to borrow money from a broker to purchase securities. The securities held in the margin account serve as collateral for the loan. This means that if the value of the securities decreases, the broker may require the investor to deposit more collateral in order to meet the minimum margin requirement.
The minimum margin requirement is set by regulators and is typically a percentage of the total value of the securities in the margin account. The exact percentage can vary, but it is typically in the range of 30-50% of the total value.
It's important to note that margin accounts carry a high degree of risk, as an investor can lose more money than they have invested if the value of the securities in the margin account decreases. For this reason, margin accounts are not suitable for all investors and should be approached with caution.
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Can Some people give me brainliest I'll give ya'll all my points when I see it
Answer:
Explanation: why u delete all your questions that u answered for me?
DECISION MAKING Suppose the Tracers decide they want to adjust their budget
so they can save for a special summer vacation that will cost $5,000. How would
you suggest they go about revising their budget to meet their goal?
Explanation:
The tracers will have to adjust their budget before planing for a summer vacation for that they will have to be saving $1000 each every month .To revive their budget to meet their goal they will have to be planing their budget every day like $50
businesses that provide services primarily to individual consumers, including retail services and education, health, and leisure services are called
Businesses that provide services primarily to individual consumers, including retail services and education, health, and leisure services are called consumer services.
Consumer services are a crucial part of the economy as they directly cater to the needs and wants of individual consumers. These services can be both tangible, such as a haircut or a fitness class, or intangible, such as legal or financial advice.
Examples of consumer services include hair salons, spas, restaurants, gyms, movie theaters, retail stores, educational institutions, healthcare facilities, and travel agencies. These businesses rely on a steady flow of individual customers, and their success often depends on factors such as location, pricing, quality of service, and customer satisfaction.
Consumer services play a vital role in driving economic growth and creating jobs, particularly in service-based economies. Additionally, they contribute to overall consumer satisfaction, which can lead to repeat business and positive word-of-mouth advertising. Therefore, consumer services are an essential component of both local and global economies.
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Consumer services businesses are those that provide services primarily to individual consumers. These services include retail services, such as clothing stores, grocery stores, and bookstores; education services, such as tutoring and online courses; health services, such as gyms and spas; and leisure services, such as restaurants, movie theaters, and amusement parks.
Consumer services businesses are important for providing goods and services to the general public. They help the economy by creating jobs and providing goods and services to people. Furthermore, they help to increase consumer spending, which in turn can lead to economic growth.
Additionally, these businesses can help to create a sense of community and provide social interaction, which can be beneficial to individuals and society as a whole.
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A car washing company has developed a successful business model with effective pricing and marketing. To leverage this success, the company plans to sell licenses to potential business owners, giving them permission to use the name, product, and prices of the car washing company at different locations. In this scenario, the car washing company is(1 point)a franchisor.a franchisee.a producer cooperative.a consumer cooperative.
Answer:
a franchisor.
Explanation:
In this scenario, the business owner purchasing the license from the car washing company is the franchisee.
In this scenario, the car washing company is considered a franchisor. Thus the correct option is A.
What is Franchisor?A franchisor is a person or business that offers or licenses a company for the running of a business using expertise and intellectual property to another business for a fixed duration of time on a contractual basis to earn revenue.
In the given secenerio it is mentioned that the car washing company plans to sell licenses to potential businesses and allow them to use their brand name, and product and the prices they are using in the car washing company at different regions signifies the characteristics of the Franchisor.
It is better to start a business as a franchisee because brand recognition for the enterprise already exists, making it simpler to attract customers and make money. The additional promotion was not necessary to establish itself.
Therefore, option A is appropriate.
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what tends to happen to earnings as a person becomes more educated?
a. earnings increase
b. earnings aren't linked to education
c. earnings decrease
d. earnings stay the same
Answer:
A
Explanation:
Answer:
the answer is A
Explanation:
because learning equals cash
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Why is real GDP the best way to measure the economy?
Since it tells us about the size and soundness of an economy, GDP is important.
GDP's meaning?The gross domestic product is the most common measure of an economy's size (GDP).GDP can be calculated for a nation, a region (including such Tuscan in Italy or Burgundian in Franco), or for a group of nations (such as the European Union) as a whole (EU).
Why does the GDP grow?In general, there are two main factors that contribute to economic growth: an increase in the workforce's size and an increase in that workforce's performance (output per hour worked). Both can expand the economy's total size, but only robust productivity growth can raise per capita Gross national and income.
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Does the Federal Reserve pay taxes?
Answer:
Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.
Explanation:
honest tea puts its money back into the communities where it purchases its ingredients. this might indicate that honest tea is helping to combat which social issue of marketing?
a Deceptive practices b Poor service to disadvantaged customers C Planned obsolescence d High-pressure selling e Shoddy, harmful, or unsafe products
Honest Tea puts its money back into the communities where it purchases its ingredients. This might indicate that Honest Tea is helping to combat deceptive practices of marketing. The correct answer to the given question is option A: Deceptive practices.
Deceptive practices in marketing refer to the use of false or misleading advertising to lure customers into buying a product or service. This is a common practice in the marketing industry, and it can be difficult for consumers to differentiate between what is true and what is false.
However, companies like Honest Tea are making a concerted effort to combat these deceptive practices by being transparent about their ingredients and their production methods. Honest Tea is a company that is committed to sustainability, social responsibility, and transparency. By putting their money back into the communities where they purchase their ingredients, they are helping to support local farmers and communities. They are also helping to combat deceptive practices in marketing by being transparent about their ingredients and production methods.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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Once the decision has been made to implement an ERP system, the initial step is to select an ERP vendor.
a. True
b. False
What it means monthly you don't have to pay per week?
No you don't have to pay weekly you will have to pay at the end of each month.
Hope this helps you buddy! :)
Help I’ll give good pts !!!
What is the required temperature for hot holding shredded beef?
O a. 115°F (46°C)
O b. 125°F (52°C)
O c. 135°F (57°C)
O d. 145°F (63°C)
The required temperature for hot holding shredded beef is 135°F (57°C).
What is a Hot holding technique?Hot-holding is a technique that is used in public to serve hot foods as it stops germs from growing when food is kept at hot temperatures. This lowers the risk of getting sick from eating food in pans which are heated at low heat temperatures. But according to food safety law, the heat temperature shouldn't exceed 135° Fahrenheit as it poses health hazards to the food.
Therefore, option (c) is the correct answer.
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annual rates of natural increase classified as being very low (0.0 percent or less) are represented throughout which continent:
On the continent of Europe, there are annual rates of natural increase that are very low (0.0 percent or less).
The term annual percentage rate (APR) describes the annual interest that is produced by a sum that is owed to investors or charged to borrowers. The annual percentage rate, or APR, is a measure of the actual cost of continent borrowing money over the course of a loan or the income generated by an investment. This includes any fees or extra costs related to the annual rates transaction, but does not account for compounding. Consumers can compare lenders, credit cards, and investment products using the APR, which gives them a concrete number to work with.
The term "interest rate" refers to an annual percentage rate. By factoring in things like monthly payments and fees, it determines what proportion annual rates of the principal you'll pay each year. APR is another term for the annual rate of interest paid on investments that excludes the effect of continent interest that has accrued during the year.
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Suppose+that+the+price+of+a+good+rises+by+20%,+causing+the+quantity+demanded+to+fall+by+5%.+what+is+the+absolute+value+of+the+price+elasticity+of+demand?
in this scenario, the price elasticity of demand has an absolute value of 0.25.
How to Solve the Problem?The following formula can be used to determine the price elasticity of demand in absolute terms:
Price Elasticity of Demand = (% Change in Demanded Quantity) / (% Change in Price).
Given that the quantity demanded decreases by 5% and the price of the commodity increases by 20% (Percentage Change in Price = 20%), we may enter these numbers in the formula as follows:
Demand Price Elasticity = (-20%) / (-5%)
When we compute this expression, we obtain:
Demand Elasticity at Price = -0.25
Using -0.25 as the absolute value, we get:
Absolute Price Value Demand Elasticity = 0.25
As a result, in this scenario, the price elasticity of demand has an absolute value of 0.25.
Below is the complete Question:
Suppose that the price of a goods rises by 20%, causing the quantity demanded to fall by 5%. what is the absolute value of the price elasticity of demand?
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