答案和详解如下： Q4. Standard VI(C), Referral Fees, is applicable to: A) only cash consideration received for the recommendation of products or services. B) only consideration paid in soft dollars for the recommendation of products or services. C) all consideration received or paid for the recommendation of products or services. Correct answer is C) According to Standard VI(C), Referral Fees, consideration includes all fees that are paid in cash, soft dollars, and in kind. Referral fees must be disclosed to the client or employer whether the consideration is received by or paid to others for the recommendation. Q5. A member or candidate that receives consideration from others for the recommendation of products or services, must disclose the estimated dollar value of the consideration paid in: A) cash or soft dollars only. B) cash only. C) cash, soft dollars, or in kind. Correct answer is C) According to Standard VI(C), Referral Fees, consideration includes all fees that are paid in cash, soft dollars, and in kind. Referral fees must be disclosed to the client or employer before engaging in an agreement to provide services. Q6. Which of the following statements about Standard VI(C), Referral Fees, is TRUE? A) Referral fees may be disclosed before or after proceeding with an agreement for service. B) Referral fees must be disclosed before proceeding with an agreement for service. C) Referral fees must be disclosed after proceeding with an agreement for service. Correct answer is B) According to Standard VI(C), referral fees must be disclosed before proceeding with an agreement for service in order for the client or employer to compute the full cost of the service and to evaluate any potential partiality of the recommendation. Q7. An analyst who is a member of CFA Institute has composed an introductory information packet for her new clients, which includes information on fees she receives for referring clients to other professionals and those she pays for having clients referred to her. With respect to Standard VI(C), Referral Fees, this action: A) is not addressed in the Standard. B) may not satisfy the Standard if such information is only provided after the receivers of the information have become clients. C) exceeds the requirement of the Standard because she does not need to reveal the fees she pays to those that refer clients to her. Correct answer is B) Standard VI(C) says that a member must reveal information both on fees she receives for referring clients to other professionals and those she pays for having clients referred to her before a prospect becomes a client. This allows the prospect to evaluate any partiality of a recommendation and the full cost of the services. Q8. Wes Smith, CFA, refers many of his clients to Bill
Towers, CPA, for accounting services. In return, Towers performs routine services for Smith, such as his tax returns, for no charge. With respect to this relationship, Smith: A) is in violation of both Standard V(B) and III(B). B) is only in violation of Standard III(B), Fair Dealing, by not putting the client first. C) must disclose to his clients that Towers provides services for Smith's personal benefit. Correct answer is C) According to VI(C), Referral Fees, Smith must disclose to his clients that Towers provides services for Smith’s personal benefit. Neither of the Standards listed in the other answers apply.
| 
发表于 2009-1-9 17:19
| 
