CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

Which of the following is (are) true about a cyclical industry?

I. It produces discretionary products, the consumption of which is dependent on economic optimism.
II. Its earnings track and amplify the business cycle.
III. It achieves an above-average rate of return even if the economy is in a recession.
A. I and II
B. II and III
C. I, II and III

User Contributed Comments 2

User Comment
Hishy III is a growth firm or growth industry.
dipu617 Thanks Hishy.
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