A. Balancing short-run costs against increasing and diminishing returns
B. Reaching minimum efficient scale (MES)
C. Equating marginal revenue (MR) to marginal cost (MC)
D. Creating economies of scale
A. In order to reduce ongoing charges
B. To avoid paying capital gains tax
C. To gain exposure to a specialist sector
D. To benefit from changes in volatility
A. Offers a unique combination of private interests with government oversight
B. Provides a source of guidance on how firms and individuals are expected to act
C. Evolves quickly in fast-changing dynamic markets
D. Involves a high degree of prescriptive procedures and detailed rules, making it clear what individuals and firms must do to comply
A. Execution-only
B. Robo-advice
C. Discretionary
D. Non-discretionary
A. Commercial Paper
B. Treasury Bills
C. Certificates of Deposit
D. Bills of Exchange
A. At the end of a prescribed period
B. It continues indefinitely
C. On the death of the life tenant
D. On the death of the settlor
A. A direct comparison can be made of the net return to the investor
B. An investor can reinvest the interest payment at the same net redemption yield
C. The default risk can be taken into account
D. A risk of inflation rising unexpectedly and its effect on the real value of the bond's coupon payments and redemption payment can be taken into account
A. Mass affluent
B. Ultra-high-net-worth
C. Very-high-net-worth
D. High-net-worth
A. Gather sufficient information from the client
B. Offer the client a range of options
C. Ensure recommendations are confirmed by a third party
D. Draw attention to the cancellation period
A. Online security
B. Money payments
C. Securities settlement
D. Risk management
