sell” indicates that the trader is unwilling to sell below $85. Thus, the trader faces a maximum loss of $15 ($100 – $85).   CFA Level I “Market Organization and Structure,” Larry Harris Section 6.2   CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA如何报名？（内含详细报名流程） 如何才能取得CFA证书？ CFA一级大三可以考吗？一级的含金量有多高?  

contracts is a secondary source of liquidity because it may affect the company’s operating and/or financial positions.   CFA Level I “Working Capital Management,” Edgar A. Norton, Jr., Kenneth L. Parkinson, and Pamela Peterson Drake Sections 2.1.1, 2.1.2   CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过

Question： Beth Kozniak, a CFA candidate, is an independent licensed real estate broker and a well-known property investor. She is currently brokering the sale of a commercial property on behalf of a client in financial distress. If the client's building is not sold within 30 days, he will lose

Question： The null hypothesis is most likely to be rejected when the p-value of the test statistic: A. exceeds a specified level of significance. B. is negative. C. falls below a specified level of significance. Answer = C If the p-value is less than the specified level of significance, the null hypothesis is rejected. CFA Level I "Hypothesis Testing," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle Section 2     CFA特许金融分析师1-3级【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 CFA特许金融分析师1级【沪江&金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： 考过CFA一级/二级有证书吗？ 为了CFA二级10A，那些年我走过的弯路和捷径 CFA持证人普遍青睐的3个职位是什么？  

Question： James Woods, CFA, is a portfolio manager at ABC Securities. Woods has reasonable grounds to believe his colleague, Sandra Clarke, a CFA Level II candidate, is engaged in unethical trading activities that may also be in violation of local securities laws. Woods is not Clarke's supervisor, and her activities do not impact Woods or any of the portfolios for which he is responsible. Based on the Code and Standards, the recommended course of action is for Woods to: A. report Sandra Clarke to ABC's trading supervisor or compliance department. B. not take any action because he is not directly involved. C. report Sandra Clarke to the appropriate governmental or regulatory organization. Answer = A Under Standard 1(A) in situations where a member or candidate is aware of employer engagement in unethical or illegal activity, it is recommended that they attempt to stop the behavior by bringing it to the attention of a supervisor or the firm's compliance department. CFA Level I "Guidance for Standards I-VII," CFA Institute Standard I(A)     CFA特许金融分析师1-3级【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 CFA特许金融分析师1级【沪江&金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： 为了CFA二级10A，那些年我走过的弯路和捷径 CFA持证人普遍青睐的3个职位是什么？ CFA一般都是什么程度的人在考？  

, which is normally when the goods have been delivered but not always. The actual receipt of any payment is not a condition.    CFA Level I  "Understanding Income Statements," Elaine Henry and Thomas R. Robinson  Section 3.1      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 金融类专业好还是金融CFA好 CFA一般都是什么程度的人在考？ CFA一级大三可以考吗？一级的含金量有多高?  

Question： Chan Liu, CFA, is the new research manager at the Pacific MicroCap Fund. Liu observed the following activities after she published a research report on a thinly traded micro-cap stock that included a "buy" recommendation:  • Pacific traders purchased the stock for Pacific's proprietary

Question： A two-tailed t-test of the hypothesis that the population mean differs from zero has a p-value of  0.0275. Using a significance level of 5%, the most appropriate conclusion is:  A. to accept the null hypothesis.  B. to reject the null hypothesis.  C. that the chosen significance level is too high.    Answer = B  The p-value is the smallest level of significance at which the null hypothesis can be rejected. In this  case, the given p-value (0.0275) is less than the given level of significance (0.05); therefore, the null  hypothesis is rejected.  CFA Level I  "Hypothesis Testing," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle  Section 2      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA和FRM的区别 这可能是目前zui快通过CFA、FRM双证的捷径了  

Question： Jiro Sato, CFA, deputy treasurer for May College, manages the Student Scholarship Trust. Sato issued a request for proposal (RFP) for domestic equity managers. Pamela Peters, CFA, a good friend of Sato, introduces him to representatives from Capital Investments, which submitted a proposal. Sato selected Capital as a manager based on the firm's excellent performance record. Shortly after the selection, Peters, who had outstanding performance as an equity manager with another firm, accepted a lucrative job with Capital. Which of the CFA charterholders violated the CFA Institute Standards of Professional Conduct? A. Both B. Neither C. Peters Answer = B Members should use reasonable care and judgment to maintain independence and objectivity, as stated in Standard I (B). There is no indication of inappropriate behavior in the selection of the equity manager or in the acceptance of employment with that manager; both decisions were based on the excellent performance records of the manager and the member, respectively. CFA Level I "Guidance for Standards I-VII," CFA Institute Standard I(B)   CFA特许金融分析师1-3级【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 CFA特许金融分析师1级【沪江&金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业方向 只考CFA一级有用吗？ 零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  

单单看现在，还要看将来 有的家长为孩子选择英语培训班，培训班只教某一教材，当该教材学习结束后，还要重新寻找后续水平的课程。这类培训班没有独立的课程体系，缺少连贯性和持续性，家长很难在后续时期找到合适的课程，在这个过程中会浪费很多的时间。 再次，教材好坏不代表学校和教学质量的好坏 很多家长没有区分开教材名和学校名的区别。例如，剑桥少儿英语，新概念英语等，这些都是教材的名称，不是学校名称。教材固然是不错的教材，但每个学校对于这个教材的教授水平是有差异的。有些家长说，我们在学校学剑桥，就是学校老师教，路又进，脸儿又熟，挺好。其实不然，本学校老师工作的重点是本质工作，业余授课时兼职，每个孩子学习的好坏并不能完全掌握，也无法对学习问题及时的沟通。但专业的培训学校则不同，老师的工作就是研究该教材，她唯一的学生就是该班级的学生，责任心是不同的。 　还有，配合学习的趣味活动非常重要 兴趣是最好的老师，除了课堂内的学习，是否还有延伸到社会上的英文实践活动，也是衡量一个学校标准之一，英语学习不同其他科目，学习的目的是为了交流，为了运用。如在课堂上会借助故事、歌曲等形式，帮助孩子快速进入全英环境，让孩子们的英语社交技能、表达能力获得提升。 另外，最贵的未必是最好的 有的家长认为，钱花到了就行，我爱孩子，所以给他最贵的英语培训学校。学校的硬件固然重要，但软件才是成败的关键。最贵的未培训班而发愁，因为面对市场上琳琅满目的英语培训必是最好的，关键选择最适合的，英语培训价格适中，教学踏实，理念先进才是最重要的。 总之家长给孩子选择英语培训学校一定要综合考虑，选择最适合孩子的英语培训学校。