- CFA Exams
- CFA Exam: Level I 2021
- Study Session 13. Equity Investments (2)
- Reading 40. Introduction to Industry and Company Analysis
- Subject 3. Industry Classification Systems
CFA Practice Question
In general, the number of companies in a peer group is ______ the number of companies in an industry.
B. greater than
C. the same as
A. smaller than
B. greater than
C. the same as
Correct Answer: A
A peer group is typically smaller.
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