Test Prep CFA® Level I Chartered Financial Analyst CFA-Level-I Dumps in PDF

Free Test Prep CFA-Level-I Real Questions (page: 66)

Standard III of the Standards of Professional Conduct deals with Relationships with and Responsibilities to ________.

  1. AIMR
  2. Clients and Prospects
  3. None of these answers
  4. the Employer

Answer(s): D

Explanation:

Standard III of the Standards of Professional Conduct deals with Relationships with and Responsibilities to the Employer.



Standard IV (B.8) deals with ________.

  1. Prohibition against Use of Material Nonpublic Information
  2. Preservation of Confidentiality
  3. None of these answers
  4. Prohibition against Misrepresentation
  5. Disclosure of Referral Fees
  6. Disclosure of Conflicts to Clients and Prospects
  7. Priority of Transactions

Answer(s): E

Explanation:

Standard IV (B.8) states that members shall disclose to all clients any referral fees received by the member for the recommendation of any services to the client or prospect.



Which of the following statements is NOT correct?

  1. Members who work in a country where the Code and Standards impose a lesser degree of responsibility than local laws and regulations must still adhere to the Code and Standards.
  2. All of these statements are correct.
  3. Standards II through V address specific conduct.
  4. Standard I sets forth minimum standards relating to general activities.

Answer(s): A

Explanation:

If a member lives in a country, or provides investment services to a client residing in a country, with more strict securities laws than the Codes and Standards, he/she must comply with the more strict laws and regulations of the country.



Which of the following is NOT a form of plagiarism as defined by AIMR code of conduct?

  1. Copying proprietary software programs without permission.
  2. Using data from a well-known statistical service without attribution.
  3. Citing specific quotations to "leading analysts," without specific reference.
  4. Using publicized research reports prepared by others without attribution.

Answer(s): B

Explanation:

Standard II(C) - Prohibition against Plagiarism considers a use of factual information published by recognized financial and statistical services without attribution acceptable. All of the others are forms of plagiarism and violations of Standard II(C).



Silverio Arvantis is an aggressive and quick-silver analyst with Foresi Associates, an investment advisory firm. Silverio, a freshly minted Ph.D. from the University of Chicago, recently formulated an algorithm for selecting the portfolio weights in relatively new high-tech stocks. The algorithm evaluates 43 different variables to choose the investments and as such, is fairly complex in nature. Not wishing to drown his clients in esoteric terms like "martingale" and "stochastic transformation," Silverio writes up a short report which touches only briefly on the major characteristics of the model. Instead, he focuses on the performance of the model on past market data, which is absolutely sterling. Based on these tests, Silverio recommends 4 stocks for immediate purchase.
Silverio has:

  1. violated Standard V (B) - Performance Presentation by relying on past data.
  2. not violated any standards.
  3. violated Standard IV (A.2) - Research Reports by failing to disclose sufficient details about the algorithm.
  4. violated Standard IV (A.2) - Research Reports by failing to distinguish opinion from fact.

Answer(s): C

Explanation:

Standard IV (A.2) requires the member to disclose details of the reasoning and logic behind the recommendations so that investors can follow and challenge it and analyze the risks inherent in the recommended strategy. While Silverio does not have to delve into excessive technical details or reveal any proprietary formulas, the report must contain explanations for the recommendations. By omitting these, he has violated Standard IV (A.2). Note, however, that there is no evidence that he has confused opinion with fact.



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

S
Salah
7/23/2023 9:46:00 AM

thanks for providing these questions

R
Ritu
9/15/2023 5:55:00 AM

interesting

R
Ron
5/30/2023 8:33:00 AM

these dumps are pretty good.

S
Sowl
8/10/2023 6:22:00 PM

good questions

B
Blessious Phiri
8/15/2023 2:02:00 PM

dbua is used for upgrading oracle database

R
Richard
10/24/2023 6:12:00 AM

i am thrilled to say that i passed my amazon web services mls-c01 exam, thanks to study materials. they were comprehensive and well-structured, making my preparation efficient.

J
Janjua
5/22/2023 3:31:00 PM

please upload latest ibm ace c1000-056 dumps

M
Matt
12/30/2023 11:18:00 AM

if only explanations were provided...

R
Rasha
6/29/2023 8:23:00 PM

yes .. i need the dump if you can help me

A
Anonymous
7/25/2023 8:05:00 AM

good morning, could you please upload this exam again?

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

AI Tutor 👋 I’m here to help!