答案和详解如下： 6、Timothy Hooper, CFA, is a security analyst at an investment firm. In his spare time, Hooper serves as a volunteer for City Pride, which collects clothes for the homeless. Hopper has occasionally given some of the clothes to his friends or sold the clothes instead of returning all of the clothing to City Pride. City Pride discovers what he has been doing and dismisses him. Later, City Pride learns that other volunteer organizations have dismissed Hooper for similar actions. Has Hooper violated Standard I(D) on professional misconduct in the CFA Institute Standards of Professional Conduct? A) No, because Hooper volunteers his services to City Pride. B) No, because Hooper has not been previously convicted of a misdemeanor or felony. C) No, because Hooper's conduct is unrelated to his professional activities as a security analyst. D) Yes. The correct answer was
D) Hooper violated Standard I(D) because he repeatedly engaged in conduct that involves dishonest conduct. This violation occurred despite the fact that his offenses do not relate directly to his professional activities. However, Hooper’s conduct reflects poorly on his professional reputation and integrity. 7、A CFA charterholder who comes to work intoxicated is: A) in violation of Standard IV(A) concerning duties to employer. B) not in violation of the standards. C) in violation of Standard I(D) concerning professional misconduct. D) in violation of Standard VII(B) concerning use of the designation. The correct answer was
C) Being intoxicated at work is poor personal behavior. It is a violation of Standard I(D), which covers professional competence and integrity. 8、All of the following are violations of Standard I(D), Misconduct, EXCEPT: A) conviction of a crime involving fraud. B) conviction of a misdemeanor involving civil disobedience in support of one’s personal beliefs. C) dishonest activities that reflect negatively on professional competence even if they do not result in criminal convictions. D) any conduct that undermines confidence that the CFA charter represents a level of achievement based on merit and ethical conduct. The correct answer was
B) The Code and Standards do not focus on personal conduct as long as the conduct does not reflect poorly on one’s professional reputation, integrity, or competence. 9、An investment advisor, who is a CFA charterholder, takes a trip for which his firm will pay the expenses. Upon his return he alters some of the numbers on restaurant receipts to inflate the expenses by $64. Is this a violation of Standard I(D)? A) Yes, because it reflects adversely on the charterholder’s professional reputation. B) No, if such a crime carries less than a one-year prison term. C) Yes, because the amount involved is over $50. D) No, because the amount is under $100. The correct answer was
A) Professional conduct involving dishonesty, fraud, or deceit is a direct violation of Standard I(D), Misconduct. 10、Which of the following are recommended procedures of compliance according to Standard I(D), Misconduct? A) Enroll employees in a continuing education program that would provide updates on required ethical behavior. B) Require all member employees to sign each year a personal conduct statement ensuring that they act with honesty and integrity at and outside of work. C) All of these choices are correct. D) Conduct background checks on potential employees to ensure that they are of good character. The correct answer was
D) According to Standard I(D) Misconduct - Procedures for Compliance: Members should encourage their employers to conduct background checks on potential employees to ensure that they are of good character and eligible to work in the investment industry. 11、Hillary Jones, CFA, sometimes promises clients that she will allocate more shares from oversubscribed initial public offerings (IPOs) than she knows she will actually be able to deliver. Her employer has reprimanded her in the past for similar behavior. Which of the following statements is least accurate regarding Jones' behavior? A) Her actions are a violation of the Code of Ethics because she did not act in an ethical manner with the investing public. B) Her actions are a violation of the standard concerning misrepresentation, because she promised something she knew the firm could not deliver. C) Her actions are a violation of the standard concerning professional misconduct because she deceived her clients. D) Her actions are a violation of the Standards only if prosecution results in a felony conviction. The correct answer was
D) Jones violated Standard I(C) Misrepresentation by promising clients she would allocate more shares than she could deliver. Her actions also violated Standard I(D) Misconduct pertaining to acts of dishonesty, fraud, or deceit which reflects adversely on a member's professional reputation, integrity, or competence. She also violated the Code of Ethics which states that members and candidates must act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, and prospective clients. The specific punishment for the actions is not relevant. 12、Nancy Hall, a candidate in the CFA program, is an analyst for a mutual fund. As part of her job she makes company visits to interview executives. On a recent trip she stayed with her sister instead of at a hotel. In her expenses Hall included a hotel charge of $100, which was less than the amount allowed by her employer. After receiving a check for her expenses, Hall disclosed to her supervisor that she had stayed with her sister instead of at a hotel. She also returned the $100 to her employer. According to CFA Institute Standards of Professional Conduct, which of the following statements best describes Hall's professional conduct? A) Hall engaged in professional misconduct. B) Hall did not engage in professional misconduct because she did not meet all of the requirements to use the CFA designation. C) Hall did not engage in professional misconduct because she eventually disclosed this information and returned the $100 to her employer. D) Hall did not engage in professional misconduct because the amount that she submitted for the hotel was less than that allowed by her employer. The correct answer was A) Hall engaged in professional misconduct because her act involved dishonesty, fraud, and deceit. | 
发表于 2008-4-3 18:02
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