Board logo

标题: CFA Level 1 - 模考试题(1)(PM) Q11-15 [打印本页]

作者: sunlimei    时间: 2008-5-10 13:46     标题: 2008 CFA Level 1 - 模考试题(1)(PM) Q11-15

Question 11

Recommended procedures to comply with Standard III(B) Fair Dealing are least likely to include:

A)    limiting the number of people privy to recommendations and changes.

B)   shortening the time frame between initiation and dissemination of recommendation changes.

C)   publishing personnel guidelines for pre-dissemination that prohibit those who know about a pending recommendation from discussing or acting on it.

D)   requiring investment committee approval for all recommendation changes.

 

Question 12

Sue Johnson, CFA, has an elderly client with a very large asset base. The client intends to start divesting her fortune to various charities. Johnson is on the Board of a local charitable foundation. Johnson most appropriately:

A)    can make this known to the charitable foundation so that they can solicit the client, since it is the client's wish to divest assets to charities in the future.

B)   should solicit the client herself, along with other Board members, to obtain a larger contribution.

C)   must not discuss anything regarding her client and her client's intentions with the charitable foundation without permission.

D)   can discuss her client's situation with the charitable foundation as long as she informs other local charities of her client's intentions.

 

Question 13

When sending research recommendations to clients, members and candidates must:

A)    send recommendations only to those clients for whom the investments are suitable.

B)   not send recommendations without including the underlying analysis and basic investment characteristics.

C)   disclose the average performance of prior securities recommendations.

D)   keep records of all the data and analysis that went into creating the report.

 

 

 

Question 14

Alan Powers, CFA, is a trader with Rogers Securities. His sister works for Potter Steel and has told him that Potter’s earnings, which will be released two days from now, are significantly less than expectations. Powers receives a buy order for the firm’s account for a block of Potter shares. According to Standard II(A) – Material Nonpublic Information, Powers’ most appropriate action is to:

A)    ask his compliance officer to place Potter stock on the firm’s restricted list because he has material nonpublic information.

B)   enter the trade without mentioning the coming earnings disappointment.

C)   not enter the trade and inform only the firm’s head of trading that he cannot execute a buy because he is in possession of material non public information.

D)   not enter the trade because of his duty to his employer, but remain silent on the reason until the earnings report is publicly announced.

 

 

 

Question 15

Which of the following is least likely one of the eight major sections of the Global Investment Performance Standards (GIPS)?

A)    Private equity.

B)   Calculation methodology.

C)   Input data.

D)   Reporting requirements.

 

 

 

[此贴子已经被作者于2008-11-8 9:55:37编辑过]


作者: sunlimei    时间: 2008-5-10 13:47

答案和详解如下!

Question 11

Recommended procedures to comply with Standard III(B) Fair Dealing are least likely to include:

A)    limiting the number of people privy to recommendations and changes.

B)   shortening the time frame between initiation and dissemination of recommendation changes.

C)   publishing personnel guidelines for pre-dissemination that prohibit those who know about a pending recommendation from discussing or acting on it.

D)   requiring investment committee approval for all recommendation changes.

The correct answer was D) requiring investment committee approval for all recommendation changes
Requiring investment committee approval for all recommendation changes is not among the recommended procedures for compliance with Standard III(B) Fair Dealing.

This question tested from Session 1, Reading 2-III, LOS B.

 

Question 12

Sue Johnson, CFA, has an elderly client with a very large asset base. The client intends to start divesting her fortune to various charities. Johnson is on the Board of a local charitable foundation. Johnson most appropriately:

A)    can make this known to the charitable foundation so that they can solicit the client, since it is the client's wish to divest assets to charities in the future.

B)   should solicit the client herself, along with other Board members, to obtain a larger contribution.

C)   must not discuss anything regarding her client and her client's intentions with the charitable foundation without permission.

D)   can discuss her client's situation with the charitable foundation as long as she informs other local charities of her client's intentions.

The correct answer was C) must not discuss anything regarding her client and her client's intentions with the charitable foundation without permission.

To comply with Standard III(E), Preservation of Confidentiality, Johnson must not discuss with her charitable foundation anything regarding her client and her client's intentions. It does not matter that her client intends to give money to charities in the near future.

This question tested from Session 1, Reading 2-III, LOS E.

 

Question 13

When sending research recommendations to clients, members and candidates must:

A)    send recommendations only to those clients for whom the investments are suitable.

B)   not send recommendations without including the underlying analysis and basic investment characteristics.

C)   disclose the average performance of prior securities recommendations.

D)   keep records of all the data and analysis that went into creating the report.

 

The correct answer was D) keep records of all the data and analysis that went into creating the report.

Standard V(C) – Record Retention requires members to maintain records of the data and analysis they use to develop their research recommendations. Recommendations may be brief, in capsule form, or simply a list of buy/sell recommendations. Members must make more complete information on recommended stocks available to clients. A list of recommendations may be sent without regard to suitability, including both safe income stocks and aggressive growth stocks, for example.

This question tested from Session 1, Reading 2-V, LOS C.

 

Question 14

Alan Powers, CFA, is a trader with Rogers Securities. His sister works for Potter Steel and has told him that Potter’s earnings, which will be released two days from now, are significantly less than expectations. Powers receives a buy order for the firm’s account for a block of Potter shares. According to Standard II(A) – Material Nonpublic Information, Powers’ most appropriate action is to:

A)    ask his compliance officer to place Potter stock on the firm’s restricted list because he has material nonpublic information.

B)   enter the trade without mentioning the coming earnings disappointment.

C)   not enter the trade and inform only the firm’s head of trading that he cannot execute a buy because he is in possession of material non public information.

D)   not enter the trade because of his duty to his employer, but remain silent on the reason until the earnings report is publicly announced.

 

The correct answer was B) enter the trade without mentioning the coming earnings disappointment.

Standard II(A) – Material Nonpublic Information requires members and candidates not to act or cause others to act based on material nonpublic information. As a general rule, if a member acts as he would if he did not possess the information, he will not violate this Standard.

This question tested from Session 1, Reading 2-II, LOS A.

 

Question 15

Which of the following is least likely one of the eight major sections of the Global Investment Performance Standards (GIPS)?

A)    Private equity.

B)   Calculation methodology.

C)   Input data.

D)   Reporting requirements.

 

The correct answer was D) Reporting requirements.

Reporting requirements is not one of the eight major sections of the Global Investment Performance Standards (GIPS). Specific reporting requirements are included in many of the individual sections, which include Private Equity, Calculation Methodology, and Input Data.

This question tested from Session 1, Reading 4, LOS d

 


作者: wemhugh    时间: 2008-5-11 17:41

thanks so much


作者: charlottec    时间: 2008-5-12 05:13

cc
作者: wj_cathy    时间: 2008-5-12 11:37

dsdds
作者: road234    时间: 2008-5-12 16:33

a
作者: vivian630    时间: 2008-5-13 18:26

ThanQ
作者: wlzh0202    时间: 2008-5-13 21:18

ding,3x!
作者: snoopy55    时间: 2008-5-14 16:28

good


作者: 网络很浅    时间: 2008-5-14 17:17

thx
作者: edisonzpz    时间: 2008-5-15 12:04

[em02]
作者: amoser    时间: 2008-5-15 15:11

tk


作者: gdtoknw    时间: 2008-5-16 04:03     标题: thx

thx
作者: twinklelee    时间: 2008-5-16 12:32

thanks
作者: ks0606    时间: 2008-5-16 12:50

ii
作者: campell    时间: 2008-5-16 16:53

thanks
作者: leslieg    时间: 2008-5-16 20:42

thanks
作者: ivy_sape    时间: 2008-5-16 20:52

thanks
作者: no3no4    时间: 2008-5-17 20:18

[em02]
作者: rossxue    时间: 2008-5-19 10:40

hiyui
作者: fyy8433    时间: 2008-5-19 15:36

see
作者: coolguy889    时间: 2008-5-21 10:47

[em01][em01][em01][em01][em01][em01]
作者: lb_blues    时间: 2008-5-22 12:33

good
作者: toheaven    时间: 2008-5-22 23:55

[em01]
作者: rwangy    时间: 2008-5-23 23:38

[em05]
作者: jxxjx    时间: 2008-5-24 19:20

jiji
作者: larry0619    时间: 2008-5-25 13:05

thx


作者: mikerw    时间: 2008-5-25 19:30

3x
作者: Nelsonla    时间: 2008-5-25 19:48

thanks
作者: fatiger    时间: 2008-5-26 09:21

good



作者: hutty2000    时间: 2008-5-26 10:48

22
作者: wendycfa    时间: 2008-5-26 12:04

3x
作者: dellading    时间: 2008-5-26 14:25

Thanks!
作者: jasperdong    时间: 2008-5-26 15:00

thanks la
作者: jasperdong    时间: 2008-5-26 15:08

thanks la
作者: allworld12    时间: 2008-5-27 01:39

ok
作者: zhuce    时间: 2008-5-27 03:15

thx
作者: supaetsupa    时间: 2008-5-27 03:39

afaf
作者: leeyaoxee    时间: 2008-5-27 04:57     标题: 回复:(sunlimei)2008 CFA Level 1 - Exam 1 (PM)...

thx
作者: kikicocoyy    时间: 2008-5-27 10:02

gh
作者: doggydaddy    时间: 2008-5-27 23:49

123
作者: doggydaddy    时间: 2008-5-27 23:49

123
作者: 刀剑如梦    时间: 2008-5-28 11:43

非常感谢
作者: twinklelee    时间: 2008-5-28 12:18

thanks
作者: allanwang    时间: 2008-5-28 13:16

thanks![em01]
作者: qiumo    时间: 2008-5-28 20:31

thx
作者: lovetiky    时间: 2008-5-28 23:39

thanks
作者: sweeter    时间: 2008-5-29 01:49

kk
作者: twinklelee    时间: 2008-5-29 12:27

thanks
作者: bingliang    时间: 2008-5-29 21:52     标题: 3x

3x
作者: blwh    时间: 2008-5-29 22:16

x
作者: 1234567111    时间: 2008-5-30 10:58

merci
作者: smalldong    时间: 2008-5-30 12:41

h
作者: CFAZTY    时间: 2008-5-30 18:38

[em02]
作者: Riverview    时间: 2008-5-31 00:43

thanks
作者: fionayan    时间: 2008-5-31 10:05

thx
作者: tannyyu    时间: 2008-5-31 13:03     标题: 回复:(sunlimei)2008 CFA Level 1 - Exam 1 (PM)...

dsg
作者: gening    时间: 2008-5-31 13:26     标题: thanks!than

thanks!
作者: panpp    时间: 2008-5-31 22:22

GOOD
作者: cmoslj    时间: 2008-6-1 00:04

thx
作者: isaisaisa    时间: 2008-6-2 01:21

thx
作者: gmdr    时间: 2008-6-2 02:05

d
作者: oleander    时间: 2008-6-2 04:08

c c
作者: ks0606    时间: 2008-6-2 21:22

dd
作者: gmdr    时间: 2008-6-2 22:20

d
作者: zjy1228    时间: 2008-6-2 22:32

thanks
作者: zjy1228    时间: 2008-6-2 22:34

thanks
作者: 枫叶飘零    时间: 2008-6-3 02:53

thankx
作者: repitile    时间: 2008-6-3 08:52

re
作者: magic_lxy    时间: 2008-6-3 14:45

thx
作者: JeNnaQ    时间: 2008-6-3 15:26

thanks
作者: terrysun    时间: 2008-6-4 15:56

cc
作者: weinei    时间: 2008-6-5 12:48

THANKS!
作者: chenxil    时间: 2008-6-5 15:30

dcbbd
作者: firstwl    时间: 2008-6-5 15:52

ff
作者: mali    时间: 2008-6-5 15:55

hehe
作者: sapple    时间: 2008-6-5 16:45

thks
作者: justang    时间: 2008-6-5 19:53

看看答案
作者: blustxz    时间: 2008-6-5 20:04

thx
作者: skarlin    时间: 2008-6-5 20:59

CC[em01]
作者: abowang    时间: 2008-6-5 23:10

Thanks a lot
作者: wtf2002    时间: 2008-6-6 07:41

ding
作者: dongjin    时间: 2008-6-6 10:18

thx
作者: zhuyifan    时间: 2008-6-6 13:21

thx
作者: Cody2008    时间: 2008-6-6 13:24

cc
作者: xieyingzi    时间: 2008-6-6 13:47

UPUPPP
作者: camilleZ    时间: 2008-6-7 06:00

[em02]
作者: sshai    时间: 2008-6-7 11:28

ding
作者: sshai    时间: 2008-6-7 11:57

ding
作者: dabear    时间: 2008-6-7 16:58

good luck everyone


作者: hptaoing    时间: 2008-6-11 20:21

[em01]
作者: elevel    时间: 2008-6-12 17:00

cddcc
作者: clairey    时间: 2008-6-15 19:18

thx for sharing!
作者: vivivin    时间: 2008-6-19 11:19

re
作者: aonan    时间: 2008-6-19 12:14

?
作者: lucylu    时间: 2008-8-1 11:02

thanks
作者: lawrence82    时间: 2008-8-6 16:39

thank
作者: yangweili    时间: 2008-8-11 20:34

thanks
作者: jinsha    时间: 2008-8-21 16:20

thanks
作者: xiaobingjd    时间: 2008-8-23 16:02






欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) Powered by Discuz! 7.2