[单项选择]Jerry Clark, CFA, has been hired to review the financial statements of a company by a client who values his knowledge and expertise. The client is considering investing in the company and is concerned that the company is being overly aggressive in its accounting practices. Which of the following company activities would be least likely to increase current period net income（）
A. Due to a recent jump in prices, the company has decided to change its inventory valuation method from FIFO to LIFO.  
B. The company capitalizes its advertising costs and amortizes the costs over three years.   C. The company routinely books the full value of any new contracts it obtains as revenue when at least 25% of the payment has been received.

[单项选择]Kristen Chandler, CFA, has been doing research about different types of goods. Which of the following goods has a positively sloped demand curve as a result of the negative income effect overweighting the positive substitution effect（）
A. Veblen.
B. Giffen.
C. Inferior.

[单项选择]Gloria, CFA, has been assigned by her employer to analyze Well Limited. Which of the following actions would most likely violate AIMR’s Standard Ⅲ (C), Disclosure of Conflicts to Employer Gloria does NOT report to her employer that:（）
A. she owns three shares of Well Limited. 
B. her mother owns 10 shares of Well Limited. 
C. she is trustee of the Well Limited Foundation for Heart Research.

[单项选择]（　）for your help, we'd never have been able to finish the work.
A. Hadn't it been
B. Had it not been
C. It was not
D. If it had been not

[单项选择]Project team A has been hired to manage a transportation project very similar to dozens at projects they’ve managed successfully in the past．The team had determined that the probability of achieving project objectives is 94%．The team has determined the size of contingency reserves that may be needed．These determinations are included in which process
A. Qualitative risk analysi
B. Plan risk response
C. Quantitative risk analysi
D. Risk identificatio

[单项选择]An analyst has been hired to evaluate a high-risk project. The analyst estimates the probability that the project will fail in the first year as well as the conditional probability of failure for each of the remaining four years of the project, as follows:（　）
A. $2406
B. $2506
C. $1406

[填空题]I am sure the secretary who has just been hired will prove to be an efficient (employ) ______.

[单项选择]Heidi Krueger, CFA, has discretionary authority over the accounts of Johnson, for whom she manages a portfolio of energy stocks, and Osaki, for whom she manages a diversified portfolio of domestic and international stocks. Krueger always seeks the best price and execution and has disclosed to all of her clients the process she follows to make use of soft dollars and apply them for the benefit of her clients. In the year 2004, Krueger applied soft dollars generated from the Johnson and Osaki accounts to purchase a report on the economic impact of world events, to purchase an analysis of the domestic steel industry, and to purchase a new conference table for her office. Krueger was in compliance with the Code and Standards in the year 2004:（）
A. only if she had not used soft dollars to pay for the conference table.
B. only if she had not used soft dollars to pay for the conference table and had not used soft dollars from the trading of Johnson’s account to pay for the report on the domestic steel industry.
C. because she disclosed her use of soft dollars and applied them for the direct and indirect benefit of her clients.

[填空题]How many years has she been married？
She has been married （）.

[单项选择]For the past decade, Christina Pederson, CFA, has managed the account of Susan Stefansson and in that time developed a close relationship with her client. Stefansson has a beach house in the Bahamas which she offers Pederson and her family free use of for two weeks as a reward for the excellent returns generated in her account. Pederson is so busy at work she doer not tell anyone where she is going for vacation. When accepting Stefansson’s offer, Pederson least likely violates the CFA Institute Standard relating to:（）
A. loyalty to employer.
B. disclosure of conflicts.
C. Independence and objectivity.

[单项选择]Gus Hayden, CFA, has developed a mutual fund selection product based on historical information from 2000-2010 period and performs a hypothesis test about performances of different styles. In order to minimize the probability of both Type Ⅰ and Type Ⅱ error, Hayden should increase the:（）
A. the power of a test.
B. level of significance.
C. sample size.

[单项选择]John Cupp, CFA, has several hundred clients. The values of the portfolios Cupp manages are approximately normally distributed with a mean of $ 800000 and a standard deviation of $ 250000. The probability of a randomly selected portfolio being in excess of $1000000 is :（）
A. 0.3773.
B. 0.6227.
C. 0.2119.

[单项选择]Who has been there
A. The woman.
B. The man.
C. Neither.

[单项选择]Circle the appropriate letters A-C.Steve has hired
A. one horror and one western.
B. two horrors and one western.
C. two westerns and one horror.

[单项选择]A client who has stress incontinence has been given a pamphlet that describes Kegel exercises. Which of the following statements indicates that the client has understood the instructions in the pamphlet
A. "It will probably take a year before the exercises are effective. "
B. "I should perform these exercises every evening. "
C. "I can do these exercises sitting up, lying down, or standing. "
D. "I need to tighten my abdominal muscles to do these exercises correctly. "

[单项选择]Where has the woman been
A. To Colonado.
B. To Anzona.
C. To the Nile River.
D. To the Museum of Natural History.

[填空题]Ms Clark came to Beijing three years ago.
→ It has been ______.

[判断题]

Mr. Hooper has worked hard and has been very loyal to the company.