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答案和详解如下:

Q1. In accordance with Standard III (A) Loyalty, Prudence and Care, which of the following statements is least accurate? Members and Candidates should:

A)   utilize client brokerage to the sole benefit of the client.

B)   vote all proxies on behalf of clients in a responsible manner.

C)   submit to clients, at least quarterly, itemized statements detailing all of the period’s transactions.

Correct answer is B)

Because of the time and expense involved in voting a proxy, Members and Candidates are not required to vote every proxy. A cost benefit analysis can be performed to determine if it is necessary to vote a proxy.

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