Joan, an investment counselor, states in her firm's written promotional material that she is a CFA candidate. She has indeed enrolled in the program, but failed Level I five years ago, has not taken any exams since and is not enrolled in the next exam. Which of the following statements is correct?
Answer(s): D
Under Standard II (A) - Use of Professional Designation, a person must be registered to take the next scheduled CFA exam to be a "candidate" in the CFA Program. Therefore, because Joan is not scheduled to take the next exam, she is not a candidate. There is no designation for someone who has passed Level I, II, or III. However, candidates may state that they have completed Level I, II, or III, as the case may be.
Standard V (A), Prohibition against Use of Material Nonpublic Information applies to
Answer(s): B
Standard V (A), Prohibition against Use of Material Nonpublic Information applies to recipients of information who are not directly or indirectly associated with the firm the material nonpublic information is about. Such persons include research analysts, portfolio managers, venture capitalists, pension sponsors, investor relations executives, rating agencies, trust officers and others who make or recommend investment decisions.
Which of the following is/are required by AIMR-PPS with regards to calculation of returns?
The return for after-tax composites that hold both taxable and tax-exempt securities should be stated on an "after-tax" basis and should not be "grossed" up. Real Estate investments must be appraised every three years and the valuations reviewed quarterly unless client agreements state otherwise. For separately managed accounts commingled fund-of-funds structure, cumulative Irrs net of trading expenses must be presented.
Which of the following disclosures must a firm make in order to be in compliance with AIMR-PPS?
Answer(s): A
All of these are mandatory disclosures under AIMR-PPS.
The ultimate responsibility to ensure compliance with code rests with:
While every member must always comply with the Code, Standard III (A) stipulates that ensuring compliance with the Code in an organization ultimately is the responsibility of the senior most AIMR member of the firm reporting to a non-member. He must make sure that the firm environment is sympathetic to compliance with the Code.
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took the test last week, i did have about 15 - 20 word for word from this site on the test. (only was able to cram 600 of the questions from this site so maybe more were there i didnt review) had 4 labs, bgp, lacp, vrf with tunnels and actually had to skip a lab due to time. lots of automation syntax questions.
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question #50 and question #81 are exactly the same questions, azure site recovery provides________for virtual machines. the first says that it is fault tolerance is the answer and second says disater recovery. from my research, it says it should be disaster recovery. can anybody explain to me why? thank you
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answer to this question "what administrative safeguards should be implemented to protect the collected data while in use by manasa and her product management team? " it should be (c) for the following reasons: this administrative safeguard involves controlling access to collected data by ensuring that only individuals who need the data for their job responsibilities have access to it. this helps minimize the risk of unauthorized access and potential misuse of sensitive information. while other options such as (a) documenting data flows and (b) conducting a privacy impact assessment (pia) are important steps in data protection, implementing a "need to know" access policy directly addresses the issue of protecting data while in use by limiting access to those who require it for legitimate purposes. (d) is not directly related to safeguarding data during use; it focuses on data transfers and location.
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question number 4s answer is 3, option c. i
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