Amazon
Avaya
Checkpoint
Cisco®
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL®
Juniper
Microsoft
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: 25-Dec-2025

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:

asad Raza 5/15/2023 5:38:00 AM

please upload this exam
CHINA


Reeta 7/17/2023 5:22:00 PM

please upload the c_activate22 dump questions with answer
SWEDEN


Wong 12/20/2023 11:34:00 AM

q10 - the answer should be a. if its c, the criteria will meet if either the prospect is not part of the suppression lists or if the job title contains vice president
MALAYSIA


david 12/12/2023 12:38:00 PM

this was on the exam as of 1211/2023
Anonymous


Tink 7/24/2023 9:23:00 AM

great for prep
GERMANY


Jaro 12/18/2023 3:12:00 PM

i think in question 7 the first answer should be power bi portal (not power bi)
Anonymous


9eagles 4/7/2023 10:04:00 AM

on question 10 and so far 2 wrong answers as evident in the included reference link.
Anonymous


Tai 8/28/2023 5:28:00 AM

wonderful material
SOUTH AFRICA


VoiceofMidnight 12/29/2023 4:48:00 PM

i passed!! ...but barely! got 728, but needed 720 to pass. the exam hit me with labs right out of the gate! then it went to multiple choice. protip: study the labs!
UNITED STATES


A K 8/3/2023 11:56:00 AM

correct answer for question 92 is c -aws shield
Anonymous


Nitin Mindhe 11/27/2023 6:12:00 AM

great !! it is really good
IRELAND


BailleyOne 11/22/2023 1:45:00 AM

explanations for the answers are to the point.
Anonymous


patel 10/25/2023 8:17:00 AM

how can rea next
INDIA


MortonG 10/19/2023 6:32:00 PM

question: 128 d is the wrong answer...should be c
EUROPEAN UNION


Jayant 11/2/2023 3:15:00 AM

thanks for az 700 dumps
Anonymous


Bipul Mishra 12/14/2023 7:12:00 AM

thank you for this tableau dumps . it will helpfull for tableau certification
UNITED STATES


hello 10/31/2023 12:07:00 PM

good content
Anonymous


Matheus 9/3/2023 2:14:00 PM

just testing if the comments are real
UNITED STATES


yenvti2@gmail.com 8/12/2023 7:56:00 PM

very helpful for exam preparation
Anonymous


Miguel 10/5/2023 12:16:00 PM

question 11: https://help.salesforce.com/s/articleview?id=sf.admin_lead_to_patient_setup_overview.htm&type=5
SPAIN


Noushin 11/28/2023 4:52:00 PM

i think the answer to question 42 is b not c
CANADA


susan sandivore 8/28/2023 1:00:00 AM

thanks for the dump
Anonymous


Aderonke 10/31/2023 12:51:00 AM

fantastic assessments
Anonymous


Priscila 7/22/2022 9:59:00 AM

i find the xengine test engine simulator to be more fun than reading from pdf.
GERMANY


suresh 12/16/2023 10:54:00 PM

nice document
Anonymous


Wali 6/4/2023 10:07:00 PM

thank you for making the questions and answers intractive and selectable.
UNITED STATES


Nawaz 7/18/2023 1:10:00 AM

answers are correct?
UNITED STATES


das 6/23/2023 7:57:00 AM

can i belive this dump
INDIA


Sanjay 10/15/2023 1:34:00 PM

great site to practice for sitecore exam
INDIA


jaya 12/17/2023 8:36:00 AM

good for students
UNITED STATES


Bsmaind 8/20/2023 9:23:00 AM

nice practice dumps
Anonymous


kumar 11/15/2023 11:24:00 AM

nokia 4a0-114 dumps
Anonymous


Vetri 10/3/2023 12:59:00 AM

great content and wonderful to have the answers with explanation
UNITED STATES


Ranjith 8/21/2023 3:39:00 PM

for question #118, the answer is option c. the screen shot is showing the drop down, but the answer is marked incorrectly please update . thanks for sharing such nice questions.
Anonymous