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Flashcard 1432333454604

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-4-the-opportunity-set #study-session-4
Question

A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope:

Equation (5) 

[...]

Answer
QW=I/PW−(PB/PW)*QB


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A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5)  QW=IPW−PBPWQB

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
aint Note: The budget constraint shows all the combinations of bread and wine that the consumer could purchase with a fixed amount of income, I, paying prices P B and P W , respectively. <span>A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5)  QW=IPW−PBPWQB Notice that the slope of the budget constraint is equal to –P B /P W , and it shows the amount of wine that Warren would have to give up if he were to purchase another sli







Flashcard 1439794859276

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#cfa-level-1 #microeconomics #monopoly #reading-16-the-firm-and-market-structures #section-2-analysis-of-mkt-structures #study-session-4
Question
In pure [...], there are no other good substitutes for the given product or service.
Answer
monopoly markets

There is a single seller, which, if allowed to operate without constraint, exercises considerable power over pricing and output decisions.


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Finally, the least competitive market structure is monopoly . In pure monopoly markets, there are no other good substitutes for the given product or service. There is a single seller, which, if allowed to operate without constraint, exercises considerable power over prici

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2. ANALYSIS OF MARKET STRUCTURES
one of the carriers changes its pricing package, others will likely retaliate. Understanding the market structure of oligopoly markets can help in identifying a logical pattern of strategic price changes for the competing firms. <span>Finally, the least competitive market structure is monopoly . In pure monopoly markets, there are no other good substitutes for the given product or service. There is a single seller, which, if allowed to operate without constraint, exercises considerable power over pricing and output decisions. In most market-based economies around the globe, pure monopolies are regulated by a governmental authority. The most common example of a regulated monopoly is the local electrical power provider. In most cases, the monopoly power provider is allowed to earn a normal return on its investment and prices are set by the regulatory authority to allow that return. 2.2. Factors That Determine Market Structure Five factors determine market structure: The number and relative size of firms







Flashcard 1442926693644

Tags
#estructura-interna-de-las-palabras #formantes-morfológicos #gramatica-española #la #morfología #tulio
Question

Los formantes gramaticales se agrupan en [...].

Answer
clases cerradas


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ayer); - base a la que se adosan los afijos en palabras complejas (got-, politic-); - parte de una palabra, compuesta (cuenta, gotas). b. Los formantes gramaticales: tienen significado gramatical, no léxico. Se agrupan en <span>clases cerradas. Pueden ser: - palabras independientes: preposiciones (a, de, por), conjunciones (que, si); - afijos en palabras derivadas (-s, -ero, in-, des-); - menos frecuentemente,

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La estructura interna de la palabra
1. Los formantes morfológicos Una palabra tiene estructura interna cuando contiene más de un formante morfológico. Un formante morfológico o morfema es una unidad mínima que consta de una forma fonética y de un significado. Comparemos las siguientes palabras: gota, gotas, gotita, gotera, cuentagotas. Gota es la única de estas palabras que consta de un solo formante. Carece, entonces, de estructura interna. Es una palabra simple. Todas las otras palabras tienen estructura interna. [31] Los formantes que pueden aparecer como palabras independientes son formas libres. Los otros, los que necesariamente van adosados a otros morfe- mas, son formas ligadas. Cuentagotas contiene dos formantes que pueden aparecer cada uno como palabra independiente. Es una palabra compuesta. Gotas, gotita y gotera también contienen dos formantes, pero uno de ellos (-s, -ita, -era) nunca puede ser una palabra independiente. Son formas ligadas que se denominan afijos. Algunos afijos van pospuestos a la base (gota), como los de nuestros ejemplos: son los s u f i j o s . Otros afijos la preceden: in-útil, des-contento, a-político: Son los prefijos. Las palabras que contienen un afijo se denominan palabras complejas. Del inventario de formantes reconocidos, reconoceremos dos clases: a. Algunos son formantes léxicos: tienen un significado léxico, que se define en el diccionario: gota, cuenta. Se agrupan en clases abiertas. Pertenecen a una clase particular de palabras: sustantivos (gota), adjetivos (útil), adverbios (ayer), verbos (cuenta). Pueden ser: - palabras simples (gota, útil, ayer); - base a la que se adosan los afijos en palabras complejas (got-, politic-); - parte de una palabra, compuesta (cuenta, gotas). b. Otros son formantes gramaticales: tienen significado gramatical, no léxico. Se agrupan en clases cerradas. Pueden ser: - palabras independientes: preposiciones (a, de, por), conjunciones (que, si); - afijos en palabras derivadas (-s, -ero, in-, des-); - menos frecuentemente, formantes de compuestos (aun-que, por-que, si-no). Entre las palabras no simples consideradas hasta aquí, cada una contenía sólo dos formantes. En otras un mismo tipo de formantes se repite: - sufijos: region-al-izar, util-iza-ble; - prefijos: des-com-poner. ex-pro-soviético, o también formantes de diferentes tipos pueden combinarse entre sí: - prefijo y sufijo: des-leal-tad, em-pobr-ecer; - palabra compuesta y sufijo: rionegr-ino, narcotrafic-ante. En la combinación de prefijación y sufijación, se distinguen dos casos, ilustrados en nuestros ejemplos. En deslealtad, la aplicación de cada uno de los afijos da como resultado una palabra bien formada: si aplicamos sólo el prefijo se obtiene el adjetivo desleal; si aplicamos sólo el sufijo el resultado será el sustantivo lealtad. En cambio, en empobrecer, si se aplica sólo un afijo [32] el resultado no será una palabra existente: *empobre, *pobrecer. Prefijo y sufijo se aplican simultáneamente, constituyendo un único formante morfológico – discontinuo– que se añade a ambos lados de la base léxica. Este segundo caso se denomina parasíntesis. Para establecer la estructura interna de las palabras, la morfología se ocupa de: a. identificar los formantes morfológicos; b. determinar las posibles variaciones que éstos presenten; c. describir los procesos involucrados; d. reconocer la organización de las palabras. 2. Identificación de los formantes morfológicos Comparemos ahora las siguientes palabras: sol, sol-ar; sol-azo, quita- sol, gira-sol, solter-o, solaz. En las







Flashcard 1447450512652

Tags
#categories-of-being #predicate-exists-in-subject #sister-miriam-joseph #subcategories #trivium
Question
If the predicate exists in the subject relatively with respect to another (substance), the predicate is in the [...]
Answer
category relation. (Suzanne is Mary’s daughter.)


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If the predicate exists in the subject absolutely as flowing from form, the predicate is a quality. (Suzanne is intelligent.) If the predicate exists in the subject relatively with respect to another, the predicate is in the <span>category relation. (Suzanne is Mary’s daughter.)<span><body><html>

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Flashcard 1451343613196



Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
In the case where TC exceeds TR the firm will want to minimize the economic loss (as long as [...]),
Answer
TR > TVC


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In the case where TC exceeds TR the firm will want to minimize the economic loss (as long as TR > TVC), which is defined as the smallest difference between TC and TR. This occurs at Q min , where the economic loss is calculated as (TC M – TR N ) on the vertical axis.</bod







Flashcard 1464685694220

Tags
#conversation-tactics
Question
Patrick, I think that steak you made last night gave me diarrhea. [...]
Answer
You’re lucky if you only got diarrhea.


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Patrick, I think that steak you made last night gave me diarrhea. You’re lucky if you only got diarrhea.

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Flashcard 1473661766924

Tags
#cfa-level-1 #fra-introduction #reading-22-financial-statement-analysis-intro
Question
The additional information provided may include:

and a [...] report.
Answer
corporate responsibility


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s (typically called management discussion and analysis or management commentary), An external auditor’s report providing assurances, A governance report describing the structure of the company’s board of directors, and a <span>corporate responsibility report.<span><body><html>

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3.1. Financial Statements and Supplementary Information
with the required financial statements, a company typically provides additional information in its financial reports. In many jurisdictions, some or all of this additional information is mandated by regulators or accounting standards boards. <span>The additional information provided may include a letter from the chairman of the company, a report from management discussing the results (typically called management discussion and analysis [MD&A] or management commentary), an external auditor’s report providing assurances, a governance report describing the structure of the company’s board of directors, and a corporate responsibility report. As part of his or her analysis, the financial analyst should read and assess this additional information along with the financial statements. The following sections describe and illustr







Flashcard 1473886162188

Tags
#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
[...] permit more flexibility than [...] in classifying dividend and interest receipts and payments within these categories.
Answer
IFRS

US GAAP


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IFRS permit more flexibility than US GAAP in classifying dividend and interest receipts and payments within these categories.

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3.1.4. Cash Flow Statement
associated with the acquisition and disposal of long-term assets, such as property and equipment. Cash flows from financing activities are those cash flows from activities related to obtaining or repaying capital to be used in the business. <span>IFRS permit more flexibility than US GAAP in classifying dividend and interest receipts and payments within these categories. Exhibit 8 presents Volkswagen’s statement of cash flows for the fiscal years ended 31 December 2009 and 2008. Exhibit 8. Cash Flow Statement of the Volksw







Flashcard 1603172175116

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
[...] is an example of an unidentifiable intangible asset which cannot be acquired singly.
Answer
Goodwill


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Subject 2. Measurement Bases of Assets and Liabilities
feasibility) are met. A company should assess whether the useful life of an intangible asset is finite or infinite and, if finite, the length of its life. The straight-line method is typically used for amortization. <span>Goodwill is an example of an unidentifiable intangible asset which cannot be acquired singly and typically possesses an indefinite benefit period. It stems from such factors as a good reputation, loyal customers, and superior management. Any business that earns significantly more than a normal rate of return actually has goodwill.







Flashcard 1603203370252

Tags
#cfa-level-1 #reading-26-understanding-balance-sheets
Question
Held-to-maturity securities. At year-end, they are reported at cost adjusted for the effect of interest (debit [...] account and credit the [...] account) and unrealized holding gains and losses are not recognized.
Answer
the securities

interest income


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Subject 3. Financial Instruments: Financial Assets and Financial Liabilities
(bonds). Loans and receivables. Financial liabilities: All other liabilities (such as bonds payable or notes payable). Accounting for Gains and Losses on Marketable Securities <span>Held-to-maturity securities. Debt securities that management intends to hold to their maturity dates. At year-end, they are reported at cost adjusted for the effect of interest (debit the securities account and credit the interest income account) and unrealized holding gains and losses are not recognized. Trading securities. Debt and equity securities bought and held mainly for sale in the short term to generate income on price changes. At year-end, they are report







Flashcard 1616723184908

Tags
#crypto #cryptocurrency
Question
What is a DAO?
Answer
Decentralized Autonomous Organization.


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Flashcard 1616756477196

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
What is the benefit period of Goodwill?
Answer
Indefinite benefit period.

It gets tested for impairment.


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Subject 2. Measurement Bases of Assets and Liabilities
feasibility) are met. A company should assess whether the useful life of an intangible asset is finite or infinite and, if finite, the length of its life. The straight-line method is typically used for amortization. <span>Goodwill is an example of an unidentifiable intangible asset which cannot be acquired singly and typically possesses an indefinite benefit period. It stems from such factors as a good reputation, loyal customers, and superior management. Any business that earns significantly more than a normal rate of return actually has goodwill.