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Corporate Finance and ERM (CFE) Track Old Exam DP - Design and Pricing

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  #21  
Old 10-19-2009, 09:24 PM
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Passacaglia Passacaglia is offline
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Yeah, thanks from me, too! I'm feeling like I can get points even if I my memory isn't perfect on a subject (i.e. even if I don't know what they're talking about).

Do you know much about how many points are needed to pass?
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  #22  
Old 10-20-2009, 03:19 AM
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Mary Pat Campbell
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No clue, sorry.

The point is to write as much as you can. If you can think of something, anything, that's relevant to answering a question try it.

Don't leave a part blank if you can do even the smallest thing. The problem can be that some people leave stuff blank because they've got an incomplete idea and spend time on problems they've already nailed [thus the failing grade slips where people have a couple 10s and a bunch of low scores on other problems]--- when in doubt, write something down!
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  #23  
Old 10-20-2009, 10:10 AM
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Be sure to take Mary Pat's advice on writing something down. Also, spend time practicing your time management skills prior to the exam. One of the worst feelings you can have is turning to the final question and seeing that it was one you would have nailed, but time ran out. Do not let this happen.

Time management practice is critical, IMO. But it is something that some people overlook while studying. You have to know the material, but you also have to know how to take the exam.
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  #24  
Old 10-20-2009, 10:11 AM
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Use the readthrough time to, you know, read through all the questions!

Don't think about the solution, per se - think about how easy the question is, and how fast you can get a solution down. Do fastest, easiest first.

Sometimes there are a couple "gimmes" in the questions - easy and/or fast for the number of points given. Do those first! Leave the hardest stuff til the end.
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  #25  
Old 10-20-2009, 10:21 AM
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I got a 5 doing exactly what was warned against above...most every question score was either 9-10 or 0-2. I even left a piece of a question totally blank because I couldnt remember a formula, when as time was called it dawned on me that I did know how to explain what I needed to do in a sentence or two and what results of said formula would have meant. You dont want to wonder if that would have been enough like I spent weeks beating myself up. Hopefully this sitting will not be a repeat!!
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  #26  
Old 10-22-2009, 12:09 PM
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my first sitting for this exam.....

for those who took it last year, how would you respond to the LMP question comparing individual countries if you had absolutely no idea what the individual characteristics of each were? how do you get any points in this situation?
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  #27  
Old 10-22-2009, 01:37 PM
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Whe you are answering the question, do you just jump in to the answer or you have to write something like, "The advantages for this are:"?
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  #28  
Old 10-22-2009, 01:48 PM
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Quote:
Originally Posted by deterednot View Post
Whe you are answering the question, do you just jump in to the answer or you have to write something like, "The advantages for this are:"?
I would answer like this:-

Advantages:-
1) point # 1
2) point # 2
3) point # 3
etc.

Make it precise and right to the point. Don't waste time constructing the perfect sentence.
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  #29  
Old 10-22-2009, 01:50 PM
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Quote:
Originally Posted by Mr. Plow View Post
my first sitting for this exam.....

for those who took it last year, how would you respond to the LMP question comparing individual countries if you had absolutely no idea what the individual characteristics of each were? how do you get any points in this situation?
You know that there are 4 different DP exams, right? And you are asking this question in the General DP forum so "this exam" doesn't really refer to anything that we can identify.
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  #30  
Old 10-22-2009, 03:21 PM
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Quote:
Originally Posted by astpkcw View Post
I would answer like this:-

Advantages:-
1) point # 1
2) point # 2
3) point # 3
etc.

Make it precise and right to the point. Don't waste time constructing the perfect sentence.


Remember, the graders have the full wording of the question in front of them, so you don't need to rewrite the question.

And you do not need to be writing in complete sentences or paragraphs.
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