Q10. O’Brien’s drinking at analyst meetings and subsequent conduct is: A) in violation of Standard IV(A): Loyalty to Employer, because his drinking deprives the company of quality work. B) in violation of Standard I(D): Misconduct because it reflects adversely on his professional competence. C) in violation of Standard I(B): Independence and Objectivity.
Q11. Which of the following statements about O’Brien’s use of convertible bonds is TRUE? A) O’Brien’s lack of expertise in equity analysis, despite usage of the CFA mark, represents a violation of Standard VII(A): Conduct as Members and Candidates in the CFA Program. B) The use of convertible bonds in O’Brien’s high-yield fund violates Standard V(A): Diligence and Reasonable Basis. C) Unless O’Brien makes arrangements for someone else to vote the proxies, he is in violation of Standard III(A): Loyalty, Prudence, and Care.
Q12. With regard to the Villa Real investment, O’Brien’s actions: A) violate the reasonable-basis Standard and the fiduciary-duties Standard. B) do not violate the fiduciary-duties Standard but do violate the priority-of-transactions Standard. C) violate neither the reasonable-basis Standard nor the priority-of-transactions Standard.
Q13. O’Brien’s money-market allocations represent: A) a violation of Standard III(B): Fair Dealing. B) reasonable actions, as they simply reflect the nature of his compensation. C) a breach of his fiduciary duty to mutual-fund account owners.
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发表于 2009-1-7 13:04
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