单项选择题

Costs included in the determination of a company’s economic profit that are also most likely to be included in that company’s accounting costs are:（）

A. explicit costs.
B. economic depreciation and foregone interest.
C. opportunity costs associated with labor provided by the company’s owners.

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单项选择题

As the quantity of labor increases, which of the following is the most likely outcome with respect to the marginal revenue (MRP) of labor（）

A. MRP increases for a monopoly.
B. MRP decreases for a firm in perfect competition.
C. MRP increases for both monopoly and a firm in perfect competition.

单项选择题

Shawn Crane, CFA, is the Chief Information Officer (CIO) for Blind Trust (BT). Dunder recently assigned one of his portfolio managers, Doug Spader, to manage several accounts that primarily invest in thinly traded micro-cap stocks. Crane soon notices that Spader places many stock trades for these accounts on the last day of the month, towards the market’s close. Crane finds this trading activity unusual and speaks to Spader, who explains that the trading activity was completed at the client’s request. Crane does not investigate further. Six months later regulatory authorities sanction BT for manipulating micro-cap stock prices at month-end in order to boost account values. According to the Standards of Practice Handbook, did Crane violate any CFA Institute Standards of Professional Conduct（）

A. No.
B. Yes, because he failed to reasonably supervise Spader.
C. Yes, because he did not report his findings to regulatory authorities.