"Transitional" was Correct!

Perhaps this discussion needs to be revisited, if for no reason than to give the new Level 2’ers an idea of the kind of ambiguity they’re in for. Although I do not recall at this point whether the question said anything about a “phase” versus a “stage,” it definitely referred to a specific company, not an industry. And based on the CFAI text, book 4, page 310, there are several parts of the “transitional” phase that match information from the question exactly: Earnings growth is slowing Earnings growth rates may still be above average or above the overall economy The company is initiating/increasing its dividend Gotta be transitional. The end

It asked for the Stages of Industry Life Cycle…page 278, there is no Transitional. Now the END.

Your mom’s transitional.

cjones65 Wrote: ------------------------------------------------------- > Your mom’s transitional. Your mom’s mature…

My Mom’s growth…so what

so’s your face

i spent a nice time with SkipE99’s mature mom, with some growth period, and it lasted for a transitional minute

best minute of her life

imho, i think for all those “ambigious” questions on the exam, cfai should list them and give us the reasoning to their answers when they return our results.

cubsfish Wrote: ------------------------------------------------------- > The correct answer is “moops” haha