Financial Institute CFA Level I Chartered Analyst® CFA Level 1 Exam Questions in PDF

Free Financial CFA Level 1 Dumps Questions (page: 16)

According to the AIMR-PPS, systems incompatibilities

  1. causes distortion of performance presentation and needs to be disclosed.
  2. are one reason for which a firm may not claim compliance for all assets.
  3. cannot be used as a reason for not claiming compliance for all assets.
  4. render a firm unable to claim compliance with the PPS, thus the firm should ensure compatibility.

Answer(s): C

Explanation:

Systems incompatibilities cannot be used as a reason for not claiming compliance for all assets (i.e., a firm cannot make the claim of compliance for only those assets that are measured and monitored on compatible systems).



Argus is a large-accounts money manager with a high-profile hedge fund. He manages all his accounts in a very efficient manner and all his clients are satisfied with his performance. Argus has one character flaw, though. He is given to making sexually inappropriate comments in mixed company, touching female employees in inappropriate ways and cracking adult jokes loudly. This makes many of the other employees uncomfortable in his presence. Argus

  1. none of these answers.
  2. has violated AIMR standard on professional incompetence.
  3. has violated AIMR standard on professional conduct.
  4. has not violated any AIMR standard since he has kept his clients satisfied and the professional misbehavior is an internal matter to be handled by his superiors.

Answer(s): C

Explanation:

Standard II (B) is designed to address professional behavior and personal integrity. The behavior should not put the firm at risk in any way or reflect adversely on the profession. Argus's behavior leaves his firm open to sexual harassment lawsuits and in general, reduces the productivity and comfort zone of female employees. Hence, he is in violation of Standard II (B) - Professional Misconduct.



When dealing with charitable organizations, the fiduciary must consider all of the following, except:

  1. general economic conditions.
  2. the charity's present and anticipated financial requirements.
  3. investigation of supervisory activities once violation is known to have occurred.
  4. long and short-term institutional needs in carrying out the charitable purpose.
  5. expected total return on its investments.
  6. trends in security price levels.

Answer(s): C

Explanation:

As fiduciaries for charitable organizations, members must consider: long and short-term institutional needs in carrying out the charitable purpose, the charity's present and anticipated financial requirements, expected total return on its investments, trends in security price levels and general economic conditions. Investigation of violations involving supervisors is a compliance procedure under Standard III (E), not under Standard IV (B.1), which deals with Fiduciary Duties.



According to the Prudent Investor Rule, the trustee must:

- adhere to loyalty, impartiality and ________
- maintain overall portfolio risk at a reasonable level
- provide for reasonable diversification of trust investments
- act with prudence in deciding whether and how to delegate authority to experts and in selecting and supervising agents
- be cost conscious when investing

  1. commitment
  2. none of these answers
  3. prudence
  4. diversification
  5. supervisors

Answer(s): C

Explanation:

Modern Portfolio Theory dictates that trustees consider a portfolio in its entirety and not just on an investment- by-investment basis. As a fiduciary, therefore, the trustee must:
- adhere to fundamental fiduciary duties of loyalty, impartiality and prudence.
- maintain overall portfolio risk at a reasonable level
- the trade-off between risk and return is the fiduciary's central concern.
- provide for reasonable diversification of trust investments.
- act with prudence in deciding whether and how to delegate authority to experts and in selecting and supervising agents.
- be cost conscious when investing.



Standard III includes which of the following?

  1. Reasonable Basis and Representations
  2. Preservation of Confidentiality
  3. All of these answers
  4. Performance Presentation
  5. Use of Professional Designation
  6. None of these answers

Answer(s): F

Explanation:

Standard III deals with Obligation to Inform Employer of Code and Standards, Duty to Employer, Disclosure of Conflicts to Employer, Disclosure of Additional Compensation Arrangements and Responsibilities of Supervisors.



Share your comments for Financial CFA Level 1 exam with other users:

A
AJ
9/24/2023 9:32:00 AM

hi please upload sre foundation and practitioner exam questions

P
peter parker
8/10/2023 10:59:00 AM

the exam is listed as 80 questions with a pass mark of 70%, how is your 50 questions related?

B
Berihun
7/13/2023 7:29:00 AM

all questions are so important and covers all ccna modules

N
nspk
1/19/2024 12:53:00 AM

q 44. ans:- b (goto setup > order settings > select enable optional price books for orders) reference link --> https://resources.docs.salesforce.com/latest/latest/en-us/sfdc/pdf/sfom_impl_b2b_b2b2c.pdf(decide whether you want to enable the optional price books feature. if so, select enable optional price books for orders. you can use orders in salesforce while managing price books in an external platform. if you’re using d2c commerce, you must select enable optional price books for orders.)

M
Muhammad Rawish Siddiqui
12/2/2023 5:28:00 AM

"cost of replacing data if it were lost" is also correct.

A
Anonymous
7/14/2023 3:17:00 AM

pls upload the questions

M
Mukesh
7/10/2023 4:14:00 PM

good questions

E
Elie Abou Chrouch
12/11/2023 3:38:00 AM

question 182 - correct answer is d. ethernet frame length is 64 - 1518b. length of user data containing is that frame: 46 - 1500b.

D
Damien
9/23/2023 8:37:00 AM

i need this exam pls

N
Nani
9/10/2023 12:02:00 PM

its required for me, please make it enable to access. thanks

E
ethiopia
8/2/2023 2:18:00 AM

seems good..

W
whoAreWeReally
12/19/2023 8:29:00 PM

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.

V
vs
9/2/2023 12:19:00 PM

no comments

J
john adenu
11/14/2023 11:02:00 AM

nice questions bring out the best in you.

O
Osman
11/21/2023 2:27:00 PM

really helpful

E
Edward
9/13/2023 5:27:00 PM

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

M
Monti
5/24/2023 11:14:00 PM

iam thankful for these exam dumps questions, i would not have passed without this exam dumps.

A
Anon
10/25/2023 10:48:00 PM

some of the answers seem to be inaccurate. q10 for example shouldnt it be an m custom column?

P
PeterPan
10/18/2023 10:22:00 AM

are the question real or fake?

C
CW
7/11/2023 3:19:00 PM

thank you for providing such assistance.

M
Mn8300
11/9/2023 8:53:00 AM

nice questions

N
Nico
4/23/2023 11:41:00 PM

my 3rd purcahse from this site. these exam dumps are helpful. very helpful.

C
Chere
9/15/2023 4:21:00 AM

found it good

T
Thembelani
5/30/2023 2:47:00 AM

excellent material

V
vinesh phale
9/11/2023 2:51:00 AM

very helpfull

B
Bhagiii
11/4/2023 7:04:00 AM

well explained.

R
Rahul
8/8/2023 9:40:00 PM

i need the pdf, please.

C
CW
7/11/2023 2:51:00 PM

a good source for exam preparation

A
Anchal
10/23/2023 4:01:00 PM

nice questions

J
J Nunes
9/29/2023 8:19:00 AM

i need ielts general training audio guide questions

A
Ananya
9/14/2023 5:16:00 AM

please make this content available

S
Swathi
6/4/2023 2:18:00 PM

content is good

L
Leo
7/29/2023 8:45:00 AM

latest dumps please

L
Laolu
2/15/2023 11:04:00 PM

aside from pdf the test engine software is helpful. the interface is user-friendly and intuitive, making it easy to navigate and find the questions.

AI Tutor 👋 I’m here to help!