Portfolios that include more than one asset class are called ________ portfolios.
Answer(s): E
If the firm does not have discretion over the asset mix, the segments of the various asset classes, with their respective cash positions, must be included in composites composed of like assets.
The Standards state that when presenting material to others, members shall not "copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher, or source of such material." The analyst may use information from other sources without acknowledgment, however, if the information:
Answer(s): A
This question relates to Standard II (C), Prohibition against Plagiarism, which states that members may use factual information published in recognized financial and statistical reporting services without attribution. Even if the information is communicated verbally, members must use proper attribution of the material. Whether or not the plagiarized material is combined with a buy/sell recommendation or reported only to the member's employer or associates does not change the fact that the member is copying material without acknowledgment.
Standard I includes rules on which of the following?
Answer(s): D
Standard I refers to compliance with laws, rules and regulations and their violation. Standard II - Relationships with and Responsibilities to the Profession - includes rules on the use of Professional Designation, Professional Misconduct and Prohibition against Plagiarism.
Smithers is a financial analyst with XYZ Brokerage Company. She is preparing a purchase recommendation on JNI Corporation. Which of the following situations would represent a conflict of interest for Smithers and, therefore, would have to be disclosed?
Answer(s): B
This question pertains to Standard IV (B.7), Disclosure of Conflicts to Clients and Standard III (C), Disclosure of Conflicts to Employer. Statements I, II and III describe conflicts of interest for Smithers or for her firm that would have to be disclosed. Statement I describes an employment relationship between the analyst and the company subject to recommendation. Statement II describes the beneficial interest of the analyst's employer in the company's stock. Statement III describes the analyst's own beneficial interest in the company stock. In Statement IV, the relationship between the analyst and the company through a relative is so tangential that it does not create a conflict of interest necessitating disclosure.
Fiduciary duty includes a duty of loyalty and a reasonable standard of ________.
Standard IV (B.1) - Fiduciary Duties - states: Because the fiduciary is in a position of trust, the duty required in fiduciary relationships exceeds what may be acceptable in other industries. Fiduciaries owe undivided loyalty to their clients and must place client interests before their own. The investment manager's fiduciary responsibility to a client includes a duty of loyalty and a duty to exercise a reasonable standard of care. Investment actions should be carried out for the sole benefit of the client and in a manner the manager believes to be in the interest of the client, given the known facts and circumstances.
Share your comments for Test Prep CFA® LEVEL 1 exam with other users:
great question with explanation thanks!!
does this exam have lab sections?
please upload
please upload the braindump for .net
i need this exam 1z0-1107-2. please.
very useful!
for this question - "which three type of basic patient or member information is displayed on the patient info component? (choose three.)", list of conditions is not displayed (it is displayed in patient card, not patient info). so should be thumbnail of chatter photo
q52 should be d. vm storage controller bandwidth represents the amount of data (in terms of bandwidth) that a vms storage controller is using to read and write data to the storage fabric.
nice questions
very useful
question # 208: failure logs is not an example of operational metadata.
good questions
thank you for the test materials!
its very helpful
good questons
i need the dumb of the hcip security v4.0 exam
upload the dump please
yes, iam looking this
please upload cima e2 managing performance dumps
wonderful questions
i used this site since 2000, still great to support my career
why is the answer to "which of the following is required by scrum?" all of the following stated below since most of them are not mandatory? sprint retrospective. members must be stand up at the daily scrum. sprint burndown chart. release planning.
great job. hope this helps out.
upload please. many thanks!
this is so interesting
great material thanks
anyone who wrote this exam recently
ok they re good
relevant questions
please post
q:42 there has to be a image in the question to choose what does it mean from the options
looking for cphq dumps, where can i find these for free? please and thank you.
@aarun , thanks for the information. it would be great help if you share your email