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CFA考试〈〈CFA一级》历年真题精选04（附详解）1、Whichofthefollowingismostlikelyasignofagoodcorporategovernancestructure?【单选题】Independentb解析：因为签署过同业竞争协议就应该加以遵守，即在离开原来公司后5年内不联系原有雇主的客户，而Janney离开后的第一个星期就利用公开的互联网搜索寻找以前的客户并拉拢这些客户，显然违反了对于雇主忠诚的原则。在新公司中对以前客户是通过公开的互联网搜索找到的，并不违反规定。在新公司使用在原有公司获取的知识和技能都是允许的。
5、'soperatingprofit(inthousands)isclosestto:
【单选题】$2,050.
A. $2,300.
B. $1,850.
正确答案:A答案解析：
Revenue
Minuscostofgoodssold
Minusotheroperatingexpenses
Minusrestructuringexpenses
Operatingprofit
A. ,、Ifthecostofgoodssoldincreasesandinventorydecreases,thenumberofdaysofinventorymostlikely:【单选题】decreases.
B. remainsunchanged.
C. increases.
正确答案:A答案解析：存货周转天数(numberofdaysofinventory)=365/[cogs/存货(inventory)],所以COGS增加而存货减少，会导致存货周转天数减少。
7、Whichofthefollowingfinancialintermediariesismostlikelytoprovideliquidityservicetoitsclients?【单选DealersBrokersExchanges正确答案:A答案侣昆析:,,、Do"margin"inthestockmarketand"margin"inthefuturesmarket,respectively,meanthataninvestorhasreceivedaloanthatreducestheamountofhisownmoneyrequiredtocompletethetransa