CFA1原版书课后习题汇总.pdf

Practice Problems 29 PRACTICE PROBLEMS 1 Benchmarks for minimally acceptable behaviors of community members are: A a code of ethics. B laws and regulations. C standards of conduct. 2 Specialized knowledge and skills, a commitment to serve others, and a shared code of ethics best characterize a(n): A vocation. B profession. C occupation. 3 Which of the following best identifies an internal trait that may lead to poor ethical decision making? A Overconfidence B Loyalty to employer C Promise of money or prestige 4 Situational influences in decision making will most likely be minimized if: A strong compliance programs are in place. B longer-term consequences are considered. C individuals believe they are truthful and honest. 5 Decision makers who use a compliance approach are most likely to: A avoid situational influences. B oversimplify decision making. C consider more factors than when using an ethical decision-making approach. 6 When unethical behavior erodes trust in an investment firm, that firm is more likely to experience: A lower revenues only. B higher expenses only. C lower revenues and higher expenses. 7 Which is an example of an activity that may be legal but that CFA Institute considers unethical? A Making legally required disclosures in marketing materials B Trading while in possession of material nonpublic information C Disclosure by an employee of his or her own company’s dishonest activity 8 An ethical decision-making framework will most likely: A include a pre-determined, uniform sequence. B focus exclusively on confirmable facts and relationships. C help avoid a decision that has unanticipated ethical consequences.