Resource Use through the Business Cycle - Inventory：in inventory–sales ratiosinventories.

Fiscal Policy and Aggregate Demand：A primary aim for fiscal policy is to help:demand.Newoutputeconomy.adjustment of aggregate demand.

Resource Use through the Business Cycle - Consumer Behavior：medicinecosmeticstreatmententertainmentcommunicationsincome.

Phases Of the Business Cycle：peak,is declining.

Housing Sector Behavior through the Business Cycle：Housing Sector Behavior through the Business:Cycle:housingin actual construction activity.

Deficits and the National Debt：Budget;Government revenue includes tax revenues net of transfer payments;An increase in a budget surplus would be associated with contractionary fiscal policy:uses.

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述職報(bào)告和年費(fèi)but must not over promise the competency and future investment results.Case

What’s the main idea of referral fee?：consideration,others for the recommendation of products or services. （他人支付或者向他人支付的介紹費(fèi)，應(yīng)向雇主、客戶、潛在雇主披露）;

What are the ethics and trust in the investment profession？：Global investment performance standards（GIPS）= 比例低，也并非所有的不道德都是違法君子有所不為的決策是更好的決策更符合stakeholder利益的決策

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以轉(zhuǎn)委托他人監(jiān)管，但必須指示明確且對(duì)轉(zhuǎn)委托負(fù)責(zé)）,應(yīng)拒絕承擔(dān)監(jiān)管者責(zé)任）,

What's the meaning of “Additional compensation”?：their employer’s interest （該準(zhǔn)則約束的是,如果收取相關(guān)好處：會(huì)影響雇主利益的情況）unless they obtain written consent from all parties involve.，CFA

How to understand the Code of ethics and trust in the investment profession?：I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate