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

Test Prep CFA-Level-I Exam (page: 50)
Test Prep CFA® Level I Chartered Financial Analyst
Updated on: 12-Feb-2026

Viewing Page 50 of 793
CFA-Level-I PDF 3963 Questions

Various countries' securities laws permit a manager to pay up for goods and services without violating the manager's fiduciary duty, so long as the requirements of the law are followed. Each of the following are typical requirements, except:

  1. the manager's soft-dollar practice should be always maintained confidentially in his or her files.
  2. at all times, the manager must seek best price and execution.
  3. the commission paid must be reasonable in relation to the research and execution services received.
  4. the goods or services purchased must be for "research service."
  5. none of these answers.

Answer(s): A

Explanation:

The soft-dollar practice must be disclosed.



According to the AIMR-PPS, all actual fee-paying discretionary portfolios must be included in at least one composite defined according to

  1. managerial style of investment portfolio.
  2. similar strategy or investment objective.
  3. size of investment portfolio.
  4. date of portfolio inception.

Answer(s): B

Explanation:

All fee-paying discretionary portfolios must be included in at least one composite defined according to similar strategy or investment objective. This is a requirement for creation and maintenance of composites.



According to Standard IV (B.4), Priority of Transactions, a member is a "beneficial owner" if the member has each of the following, EXCEPT:

  1. the power to vote or direct the voting of the shares of the securities or investments.
  2. the power to dispose or direct the disposition of the security or investment.
  3. the authority to supervise reasonably and adequately the actions of those accountable to him.
  4. a direct or indirect pecuniary interest in the securities.

Answer(s): C

Explanation:

The authority to supervise those below the member has no relation to the concept of "beneficial owner." Also, supervisory responsibility is covered under Standard III (E).



According to Standard IV (B.7), Disclosure of Conflicts, the most prevalent conflict pertains to ________.

  1. members' ownership of stock in companies they recommend
  2. broker-sponsored limited partnerships formed to invest venture capital
  3. service on a board of directors
  4. none of these answers

Answer(s): A

Explanation:

Under Standard IV (B.7), Disclosure of Conflicts, the most prevalent conflict pertains to members' ownership of stock in companies they recommend. To avoid discrimination against members, sell-side members should disclose any materially beneficial ownership interest in a security or other investment that the member is recommending. Buy-side members should disclose their procedures for reporting requirements for personal transactions.



Various countries' securities laws permit a manager to pay up for goods and services without violating the manager's fiduciary duty, so long as the requirements of the law are followed. Each of the following are typical requirements, except:

  1. the manager's soft-dollar practice must be disclosed.
  2. the manager may seek satisfactory price and execution.
  3. the goods or services purchased must be for "research service."
  4. none of these answers.
  5. the commission paid must be reasonable in relation to the research and execution services received.

Answer(s): B

Explanation:

The manager must seek BEST price and execution.



Viewing Page 50 of 793



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

Karim 10/8/2023 8:34:00 PM

good questions, wrong answers
Anonymous


Itumeleng 1/6/2024 12:53:00 PM

im preparing for exams
Anonymous


MS 1/19/2024 2:56:00 PM

question no: 42 isnt azure vm an iaas solution? so, shouldnt the answer be "no"?
Anonymous


keylly 11/28/2023 10:10:00 AM

im study azure
Anonymous


dorcas 9/22/2023 8:08:00 AM

i need this now
Anonymous


treyf 11/9/2023 5:13:00 AM

i took the aws saa-c03 test and scored 935/1000. it has all the exam dumps and important info.
UNITED STATES


anonymous 1/11/2024 4:50:00 AM

good questions
Anonymous


Anjum 9/23/2023 6:22:00 PM

well explained
Anonymous


Thakor 6/7/2023 11:52:00 PM

i got the full version and it helped me pass the exam. pdf version is very good.
INDIA


sartaj 7/18/2023 11:36:00 AM

provide the download link, please
INDIA


loso 7/25/2023 5:18:00 AM

please upload thank.
THAILAND


Paul 6/23/2023 7:12:00 AM

please can you share 1z0-1055-22 dump pls
UNITED STATES


exampei 10/7/2023 8:14:00 AM

i will wait impatiently. thank youu
Anonymous


Prince 10/31/2023 9:09:00 PM

is it possible to clear the exam if we focus on only these 156 questions instead of 623 questions? kindly help!
Anonymous


Ali Azam 12/7/2023 1:51:00 AM

really helped with preparation of my scrum exam
Anonymous


Jerman 9/29/2023 8:46:00 AM

very informative and through explanations
Anonymous


Jimmy 11/4/2023 12:11:00 PM

prep for exam
INDONESIA


Abhi 9/19/2023 1:22:00 PM

thanks for helping us
Anonymous


mrtom33 11/20/2023 4:51:00 AM

i prepared for the eccouncil 350-401 exam. i scored 92% on the test.
Anonymous


JUAN 6/28/2023 2:12:00 AM

aba questions to practice
UNITED STATES


LK 1/2/2024 11:56:00 AM

great content
Anonymous


Srijeeta 10/8/2023 6:24:00 AM

how do i get the remaining questions?
INDIA


Jovanne 7/26/2022 11:42:00 PM

well formatted pdf and the test engine software is free. well worth the money i sept.
ITALY


CHINIMILLI SATISH 8/29/2023 6:22:00 AM

looking for 1z0-116
Anonymous


Pedro Afonso 1/15/2024 8:01:00 AM

in question 22, shouldnt be in the data (option a) layer?
Anonymous


Pushkar 11/7/2022 12:12:00 AM

the questions are incredibly close to real exam. you people are amazing.
INDIA


Ankit S 11/13/2023 3:58:00 AM

q15. answer is b. simple
UNITED STATES


S. R 12/8/2023 9:41:00 AM

great practice
FRANCE


Mungara 3/14/2023 12:10:00 AM

thanks to this exam dumps, i felt confident and passed my exam with ease.
UNITED STATES


Anonymous 7/25/2023 2:55:00 AM

need 1z0-1105-22 exam
Anonymous


Nigora 5/31/2022 10:05:00 PM

this is a beautiful tool. passed after a week of studying.
UNITED STATES


Av dey 8/16/2023 2:35:00 PM

can you please upload the dumps for 1z0-1096-23 for oracle
INDIA


Mayur Shermale 11/23/2023 12:22:00 AM

its intresting, i would like to learn more abouth this
JAPAN


JM 12/19/2023 2:23:00 PM

q252: dns poisoning is the correct answer, not locator redirection. beaconing is detected from a host. this indicates that the system has been infected with malware, which could be the source of local dns poisoning. location redirection works by either embedding the redirection in the original websites code or having a user click on a url that has an embedded redirect. since users at a different office are not getting redirected, it isnt an embedded redirection on the original website and since the user is manually typing in the url and not clicking a link, it isnt a modified link.
UNITED STATES