Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. Test Prep
  3. CFA-Level-I

Test Prep CFA-Level-I Exam (page: 20)
Test Prep CFA® Level I Chartered Financial Analyst
Updated on: 24-Mar-2026

Viewing Page 20 of 793
CFA-Level-I PDF 3963 Questions

Chan and Chung are two of the five Managing Directors of Alfalfa, a mid-size hedge fund. In a recent court case involving a securities lawsuit, Chan was called on to testify as an expert on securities research. During his testimony, Chan had to invoke several results from a proprietary research carried out by his staff at Alfalfa. He did so without specifically attributing the results to them. At around the same time, Chung had to meet with a few prospective clients for a business presentation. During this presentation, he showed them some of the results obtained by Chan's team, without specifically acknowledging the research team. Instead, he referred to them with phrases like, "our studies indicate that..." In this set of events, as it relates to Standard II(C) - Prohibition against Plagiarism,

  1. neither Chan nor Chung has violated the standard.
  2. Chan has not violated the standard while Chung has.
  3. both Chan and Chung have violated the standard.
  4. Chan has violated the standard while Chung has not.

Answer(s): D

Explanation:

In the interactions with clients, senior management members represent the firm and as such, do not have to give specific attribution to research results obtained by employees of the firm. Hence, Chung has committed no violation. On the other hand, in the capacity of an expert, Chan is not representing the firm but himself. In such a case, he has to properly acknowledge the sources of all results he quotes. Refer to Standard II(C).



Standard IV (B.3) deals with ________.

  1. Duty to Employer
  2. Professional Misconduct
  3. Interactions with Clients and Prospects
  4. None of these answers
  5. Prohibition against Use of Material Nonpublic Information
  6. Preservation of Confidentiality
  7. Fair Dealing
  8. Investment Process

Answer(s): G

Explanation:

Standard IV (A) deals with the Investment Process. Standard III (B) deals with Duty to Employer. Standard IV (B.3) deals with Fair Dealing. Standard IV (B) deals with Interactions with Clients and Prospects. Standard V (A) deals with Prohibition against Use of Material Nonpublic Information. Standard IV (B.5) deals with Preservation of Confidentiality. Standard II (B) deals with Professional Misconduct.



Brikland Strickowski learned a month ago that one of his clients, Stratmann, had been regularly using inside information provided by numerous "contacts" in various firms to generate his trading activity with Brikland. Brikland was surprised at Stratmann's recklessness but did not want to get him into trouble so he did not inform anyone about this. AIMR has been tipped about Stratmann's activity and one of the investigators from AIMR's Professional Conduct Program (PCP) recently got in touch with Brikland about this. Brikland, in his desire not to have his CFA designation voided by AIMR, decided to divulge everything he knew about Stratmann's investment activity, though this information is considered confidential even by AIMR. Which of the following is/ are true about this sordid mess?

  1. Brikland violated Standard IV (B.5) - Preservation of Confidentiality -by revealing confidential information about Strattman to the PCP investigator.
    II. Strattman violated Standard V (A) - Prohibition Against Use of Non-Public Information.
    III. Brikland violated Standard I - Fundamental Responsibilities - by not informing his supervisor and/or the SEC about the insider trading.
    IV. Brikland violated Standard I - Fundamental Responsibilities - by not dissociating himself from Strattman's portfolio.
  2. I, II, III and IV
  3. II only
  4. II and IV
  5. I, II and IV only

Answer(s): C

Explanation:

As an AIMR member, Brikland must cooperate fully with any investigation carried out by the PCP. Since the information revealed during the investigation is kept in strict confidentiality, such a cooperation is not considered a violation of Standard IV (B.5) - Preservation of Confidentiality. Indeed, the Code of Ethics expressly requires members to cooperate with such investigations, failing which the member can be summarily suspended. Note that the Code does not require members to report criminal activity to proper authorities, though doing so is most often prudent and a suggested course of action (Standard I - Fundamental Responsibilities). However, if the member knowingly participates in illegal activities or does not dissociate himself from such activities, he would be violating the code.



Xuanchi Zuan is a successful portfolio manager with Up & Away, a money management fund that operates strongly bullish funds. One of Zuan's clients, Margo Margolis, is about to retire in a couple of years. Margo has been phasing out her risky investments over the past five years, moving them into longterm treasury bonds. However, she recently read in a financial magazine the attractiveness of investing in emerging markets. She was especially enticed by the 30% and 40% annual returns observed in these markets over the past 2-3 years. She approaches Zuan and instructs him to move 30% of her funds into these markets. Zuan should:

  1. none of these answers.
  2. evaluate the emerging market investments and move the funds only if he considers them suitable for investment for Margo.
  3. refuse to do so, pointing out the high risks involved in such investments.
  4. move the funds into emerging market securities per Margo's request.

Answer(s): A

Explanation:

Zuan cannot refuse to do something that his client instructs him to do, as long as it is legal. However, it is his duty to apprise his clients of the risks and returns associated with different instruments and advise them about the suitability of including such investments in their portfolios. Once the client is aware of all the pitfalls and rewards, the final decision must rest with the client. In Margo's case, Zuan should do the same before acting on her instructions. This question relates most directly to Standard IV (B.1) - Fiduciary Duties.



If every one of your research reports had a statement stating that every research report on issues by a corporate client reflects the unbiased opinion of the analyst, you would be complying with Standard ________.

  1. IV (3)
  2. IV (A.1)
  3. IV (A.2)
  4. II (A)
  5. II (C)
  6. II (B)

Answer(s): A

Explanation:

To avoid violations of Standard IV (A.3), one of the procedures members should comply with is the need to protect the integrity of opinions. Members and their firms should establish policies stating that every research report on issues by a corporate client reflects the unbiased opinion of the analyst. In this way, firms ensure that the independence and objectivity of their member analysts is maintained.



Viewing Page 20 of 793



Share your comments for Test Prep CFA-Level-I exam with other users:

eriy 11/9/2023 5:12:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!
UNITED STATES


Muhammad Rawish Siddiqui 12/8/2023 8:12:00 PM

question # 232: accessibility, privacy, and innovation are not data quality dimensions.
SAUDI ARABIA


Venkat 12/27/2023 9:04:00 AM

looks wrong answer for 443 question, please check and update
Anonymous


Varun 10/29/2023 9:11:00 PM

great question
Anonymous


Doc 10/29/2023 9:36:00 PM

question: a user wants to start a recruiting posting job posting. what must occur before the posting process can begin? 3 ans: comment- option e is incorrect reason: as part of enablement steps, sap recommends that to be able to post jobs to a job board, a user need to have the correct permission and secondly, be associated with one posting profile at minimum
UNITED KINGDOM


It‘s not A 9/17/2023 5:31:00 PM

answer to question 72 is d [sys_user_role]
Anonymous


indira m 8/14/2023 12:15:00 PM

please provide the pdf
UNITED STATES


ribrahim 8/1/2023 6:05:00 AM

hey guys, just to let you all know that i cleared my 312-38 today within 1 hr with 100 questions and passed. thank you so much brain-dumps.net all the questions that ive studied in this dump came out exactly the same word for word "verbatim". you rock brain-dumps.net!!! section name total score gained score network perimeter protection 16 11 incident response 10 8 enterprise virtual, cloud, and wireless network protection 12 8 application and data protection 13 10 network défense management 10 9 endpoint protection 15 12 incident d
SINGAPORE


Andrew 8/23/2023 6:02:00 PM

very helpful
Anonymous


latha 9/7/2023 8:14:00 AM

useful questions
GERMANY


ibrahim 11/9/2023 7:57:00 AM

page :20 https://exam-dumps.com/snowflake/free-cof-c02-braindumps.html?p=20#collapse_453 q 74: true or false: pipes can be suspended and resumed. true. desc.: pausing or resuming pipes in addition to the pipe owner, a role that has the following minimum permissions can pause or resume the pipe https://docs.snowflake.com/en/user-guide/data-load-snowpipe-intro
FINLAND


Franklin Allagoa 7/5/2023 5:16:00 AM

i want hcia exam dumps
Anonymous


SSA 12/24/2023 1:18:00 PM

good training
Anonymous


BK 8/11/2023 12:23:00 PM

very useful
INDIA


Deepika Narayanan 7/13/2023 11:05:00 PM

yes need this exam dumps
Anonymous


Blessious Phiri 8/15/2023 3:31:00 PM

these questions are a great eye opener
Anonymous


Jagdesh 9/8/2023 8:17:00 AM

thank you for providing these questions and answers. they helped me pass my exam. you guys are great.
CANADA


TS 7/18/2023 3:32:00 PM

good knowledge
Anonymous


Asad Khan 11/1/2023 2:44:00 AM

answer 10 should be a because only a new project will be created & the organization is the same.
Anonymous


Raj 9/12/2023 3:49:00 PM

can you please upload the dump again
UNITED STATES


Christian Klein 6/23/2023 1:32:00 PM

is it legit questions from sap certifications ?
UNITED STATES


anonymous 1/12/2024 3:34:00 PM

question 16 should be b (changing the connector settings on the monitor) pc and monitor were powered on. the lights on the pc are on indicating power. the monitor is showing an error text indicating that it is receiving power too. this is a clear sign of having the wrong input selected on the monitor. thus, the "connector setting" needs to be switched from hdmi to display port on the monitor so it receives the signal from the pc, or the other way around (display port to hdmi).
UNITED STATES


NSPK 1/18/2024 10:26:00 AM

q 10. ans is d (in the target org: open deployment settings, click edit next to the source org. select allow inbound changes and save
Anonymous


mohamed abdo 9/1/2023 4:59:00 AM

very useful
Anonymous


Tom 3/18/2022 8:00:00 PM

i purchased this exam dumps from another website with way more questions but they were all invalid and outdate. this exam dumps was right to the point and all from recent exam. it was a hard pass.
UNITED KINGDOM


Edrick GOP 10/24/2023 6:00:00 AM

it was a good experience and i got 90% in the 200-901 exam.
Anonymous


anonymous 8/10/2023 2:28:00 AM

hi please upload this
Anonymous


Bakir 7/6/2023 7:24:00 AM

please upload it
UNITED KINGDOM


Aman 6/18/2023 1:27:00 PM

really need this dump. can you please help.
UNITED KINGDOM


Neela Para 1/8/2024 6:39:00 PM

really good and covers many areas explaining the answer.
NEW ZEALAND


Karan Patel 8/15/2023 12:51:00 AM

yes, can you please upload the exam?
UNITED STATES


NISHAD 11/7/2023 11:28:00 AM

how many questions are there in these dumps?
UNITED STATES


Pankaj 7/3/2023 3:57:00 AM

hi team, please upload this , i need it.
UNITED STATES


DN 9/4/2023 11:19:00 PM

question 14 - run terraform import: this is the recommended best practice for bringing manually created or destroyed resources under terraform management. you use terraform import to associate an existing resource with a terraform resource configuration. this ensures that terraform is aware of the resource, and you can subsequently manage it with terraform.
Anonymous