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CFA考试历年真题精选11（附详解）1、AprojecthasthefollowingannualkeBanker'.
4、Anindustryexperiencingintensecompetitiverivalryamongincumbentcompaniesisbestcharacterizedby:【单选题】differentiatedproductsandlowexitbarriers.
A. asmallnumberofcompetitorsandlowfixedcosts.
B. customersbasingpurchasedecisionslargelyonprice.
正确答案:C答案解析:“IntroductiontoIndustryandCompanyAnalysis,”,CFA,,CFAa
IanRossaO'Reilly,,industrieswherepriceisalargefactorincustomerpurchasedecisionstendtobemorecompetitivethanindustriesinwhichcustomersvalueotherattributesmorehighly.
5、UnderIFRS,thecostsincurredintheissuanceofbondsaremostlikely:【单选题】expensedwhenincurred.
A. includedinthemeasurementofthebondliability.
B. deferredasanassetandamortizedonastraight-linebasis.
正确答案:B答案解析:UnderIFRS,
6、Forahedgefundinvestor,abenefitofinvestinginafundoffundsisleastlikelythe:【单选题】multilayeredfeestructure.
A. higherlevelofduediligenceexpertise.
B. :A答案解析:“IntroductiontoAlternativeInvestments”,TerriDuhon,GeorgeSpentzos,CFA,,CFAAiscorrec