discretionary portfolio是怎么定义的呀？

老师说付费的portfolio一定要放在composite里，什么proftolio不用付费呀？题目会直接说unpaid吗？还是其他情况？ 然后在不遵守GIPS的情况下，付费的profolio也一定要放在composite里面吗？

老师请问value-based ESG是什么

题的分布是不是有问题，好几个了，都是题不对路，这是货币政策的题么放在这？？？

老师 请问第35题的A选项，为什么all risky assets不可能是等权重的呢？

Massimo Conti, CFA, is a portfolio manager in an investment company. Conti institutes a new policy stating that the clients who are willing to pay additional fee will have their accounts executed earlier than other clients. He disclose this policy to all existing and potential clients. Did Conti most likely violate any CFA Institute Standards of Professional Conduct? A Yes, related to Fair Dealing. B Yes, related to Communication with Clients. C No. 老师这题不理解，公平不是平等的意思吧？那么付费的人优先享受服务是没问题的吧？如果我理解错了的话，能请您给举一两个满足公平但不平等的例子么？我这块理解起来很生涩没有实际案例支撑。谢谢老师了

Charlotte BILLO, a junior analyst in a regional brokerage firm, overheard three senior managers of a large listed company talking about a staff restructuring plan while she was waiting for her flight. The managers determined those who would be dismissed. Charlotte could not remember the names but was sure that they were just ordinary employees. After returning from her journey, she made a thorough research on the company and found that the company was likely to shut down a plant situated in her local town because of a great loss on a new product line. She launched immediately a recommendation Sell on the stock. Did she comply with the Standards? AYes, because the recommendation was based on mosaic theory and she made a diligent research. BNo, because she did not reach her conclusion on a reasonable basis because she did not remember the names of those who would be dismissed. CNo, because she took advantage of non-public material information. 老师，目标公司由于新生产线巨大亏损而关闭了，裁员已经不是什么重大非公开信息了吧？

少了一节课吧，OPTION （2）没看到？！

老师 出口补贴为什么是限制

在计算quick ratio的时候receivable的减值部分也需要考虑？题目中的less allowance for doubtful.....是不是就是receivable的减值部分？