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8004 – PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

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Showing 1–3 of 10 questions

Question 1

Every PRMIA chapter is designed to serve the local needs of members, so they often have fairly independent planning structures and ideas. According to the PRMIA Bylaws, Regional Chapters and Regional Directors:

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    Can have their own offices, bylaws and regulations provided they do not conflict with those of PRMIA
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    Can have meetings that only local members are allowed to attend
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    Can sign contracts on behalf of PRMIA without prior approval from the Board of Directors
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    All of the above
Question 2

The Q4 2003 trading strategy of China Aviation Oil was

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  • ○

    to buy puts and sell calls
  • ○

    to buy calls and sell puts
  • ○

    to sell puts and buy calls
  • ○

    to sell calls and buy puts
Question 3

According to the Group of 30 Report, important risks associated with dynamic hedging are:

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    Greater volatility than expected over the life of an option
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    Sudden gaps in market prices
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    Both A and B
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    Neither A nor B