Q26. Which of the following is a component of the Code of Ethics?

A)   Members shall use reasonable care and exercise independent professional judgment.

B)   Members shall not knowingly participate or assist in any violation of such laws, rules, or regulations.

C)   Members shall not engage in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness, or professional competence.

Q27. Which of the following is NOT part of the CFA Institute Code of Ethics. Members of CFA Institute will:

A)   use reasonable care and exercise independent professional judgment.

B)   recommend investments that maximize returns for a given level of risk.

C)   strive to maintain and improve their competence and the competence of others in the profession.

Q28. According to the Code of Ethics, the professional judgment of a member should be:

A)   independent.

B)   guided by the SEC guidelines.

C)   dependent on that of his/her colleagues.

Q29. According to the Code of Ethics, when practicing in a professional and ethical manner the goal is to:

A)   increase membership in CFA Institute.

B)   resolve conflicts between clients and employers.

C)   reflect credit on members and the profession.

答案和详解如下：

Q26. Which of the following is a component of the Code of Ethics?

A)   Members shall use reasonable care and exercise independent professional judgment.

B)   Members shall not knowingly participate or assist in any violation of such laws, rules, or regulations.

C)   Members shall not engage in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness, or professional competence.

Correct answer is A)

This is a component of the Code of Ethics. Others pertain to the Standards of Professional Conduct.

Q27. Which of the following is NOT part of the CFA Institute Code of Ethics. Members of CFA Institute will:

A)   use reasonable care and exercise independent professional judgment.

B)   recommend investments that maximize returns for a given level of risk.

C)   strive to maintain and improve their competence and the competence of others in the profession.

Correct answer is B)

Standard of Professional Conduct III(C), not the Code of Ethics, requires that investments be appropriate and suitable.

Q28. According to the Code of Ethics, the professional judgment of a member should be:

A)   independent.

B)   guided by the SEC guidelines.

C)   dependent on that of his/her colleagues.

Correct answer is A)

The Code of Ethics states that the CFA Institute member shall “Use reasonable care and exercise independent professional judgment.” None of the other answers resemble anything in the Code.

Q29. According to the Code of Ethics, when practicing in a professional and ethical manner the goal is to:

A)   increase membership in CFA Institute.

B)   resolve conflicts between clients and employers.

C)   reflect credit on members and the profession.

Correct answer is C)

The Code states that a member shall “Practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and their profession.”

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