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Which of the following is NOT considered plagiarism under CFA Institute Standards?

A)
Using factual information from a recognized financial information agency without acknowledging the source of the information.
B)
Improving an existing report and using it inside the company under a new title without acknowledging the source of the original report.
C)
Adjusting an already published model and announcing it as a new model without acknowledging the source of the original model.


Factual information that is already public and is obtained from a recognized information agency can be used without acknowledgment and is not considered plagiarism. All other options are considered plagiarism.

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Paul Thomas, CFA, is designing a new layout for research reports his firm writes and issues on individual stocks. In his design, Thomas includes a stock chart on the first page of each report. He does not reference that the charts are copied from an unrecognizable Finance web site. Thomas has:

A)
violated CFA Institute Standards of Professional Conduct because he did not state the source of the charts.
B)
not violated CFA Institute Standards of Professional Conduct because these charts are widely available over the Internet.
C)
violated CFA Institute Standards of Professional Conduct because he did not make sure that the information in these charts is accurate.


Standard I(C) Misrepresentation. Members should not copy or use material prepared by others without acknowledging and identifying the source of such material. Using charts and graphs without stating their source is a violation of the Standard.

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An analyst preparing a report does NOT need to cite the use of which of the following?

A)
A recent quote from Alan Greenspan.
B)
Estimates of betas provided by Standard & Poor's.
C)
Charts developed by a colleague in the same firm.


Statistics provided by a recognized agency, such as Standard and Poor’s, do not need to be cited. Charts, quotes, and algorithms developed by individuals must be cited when they are used.

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All of the following violate Standard I(C), Misrepresentation, EXCEPT:

A)
presenting factual information published by recognized statistical reporting services without acknowledgment.
B)
copying a proprietary computerized spreadsheet without seeking authorization from the creators.
C)
citing quotes attributable to "investment experts" without specific references.


Standard I(C), Misrepresentation, permits using recognized sources of factual information such as Standard & Poor’s Corporation and Moody’s Investors Service without acknowledgment.

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According to CFA Institute Standards of Professional Conduct, which of the following statements about the prohibition against plagiarism is most correct? The prohibition against plagiarism applies to written materials:

A)
only.
B)
and oral communications only.
C)
oral communications, and telecommunications.


The prohibition against plagiarism applies to all three areas.

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The following information involves two research analysts at a brokerage firm.

  • Erik Bagenot, CFA, is preparing a research report on Global Enterprises, Inc. In preparing the report, he uses materials from many sources. For example, he uses factual information published by Standard & Poor's Corporation without acknowledging the source. He also uses excerpts from a research report prepared by another analyst. Bagenot makes only a slight change in wording for these excerpts, but acknowledges the source.
  • Sally Wain, who is currently enrolled in the CFA program, is preparing a research report on Manson Telecommunications. She attends a conference in which several investment experts provide their views about the future prospects of this company. Wain cites several quotations from these investment experts in her report without specific reference.

According to CFA Institute Standards of Professional Conduct involving prohibition against plagiarism, which of the following statements is CORRECT?

A)
Wain violated the Standards, but Bagenot did not.
B)
Both Bagenot and Wain violated the Standards.
C)
Bagenot violated the Standards, but Wain did not.


Bagenot complied with Standard I(C), which permits publishing factual information from Standard & Poor's without acknowledgment and using excerpts with acknowledgment. Wain committed plagiarism because she failed to give specific references for the quotations that she used.

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Which of the following is NOT a form of plagiarism?

A)
Using factual information published by a recognized financial statistics reporting service without acknowledgment.
B)
Presenting statistical forecasts by others with the sources identified but without the qualifying statements that may have been used by the originator.
C)
Citing quotations said to be attributable to "leading analysts" or "investment experts" without specific reference.


Members may not generally use material without acknowledging the original source, but an exception is made for factual information published by recognized financial and statistical reporting services.

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Wes Smith, CFA, has been working toward the completion of a Master of Science in Finance. He has passed all the necessary courses and written the necessary thesis. He still must defend the thesis in one month. Smith’s thesis advisor assures him that he will pass the thesis defense. Smith has new business cards printed with “M.S. in Finance” after his name. This is a violation of:

A)
Standard VII(B), Reference to CFA Institute, the CFA Designation, and the CFA Program.
B)
none of the Standards if Smith does not make the cards public until after he defends his thesis and receives his degree.
C)
Standard I(C), Misrepresentation.


If the cards were distributed today he would be in violation of Standard I(C), Misrepresentation. However, if Smith does not make the cards public until after he receives the degree, there is no violation.

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thx

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thanks a lot

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