CFA Practice Question

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CFA Practice Question

Compared to commercial systems, most current governmental industry classification systems have such weaknesses as ______

I. not disclosing information about a specific company.
II. not being updated frequently enough.
III. generally not distinguishing between small and large companies.
Correct Answer: I, II and III

One more limitation is that the narrowest classification unit assigned to a company generally cannot be assumed to be its peer group for comparison purposes.

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