jcole21

Guys. Here is my advice. (I am L2) The most strict answer is usually wrong. KNOW THAT
nitoha Wrote:
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> 1) As part of his responsibilities as a research
> analyst, Gonzalez, along with several other
> analysts, takes a tour of the corporate
> headquarters and meets with management of a large
> electronics company in Asia. The company pays for
> the travel and accommodations of all the analysts
> participating in the 2-day tour and hosts a
> dinner, a golf tournament, and a sightseeing
> excursion for them as part of the trip. Under
> these circumstances, Gonzalez:
>
> A: May attend the dinner and participate in the
> golf tournament and sight-seeing but not accept
> reimbursement for travel and accommodations.
>
> B:Should not accept reimbursement for his travel
> and accommodation expenses and should not attend
> the dinner or participate in the golf tournament
> as doing so may impinge on Gonzalez’s independence
> and objectivity.
>
> C: May accept the reimbursement for the travel and
> accommodations because the firm paid for all the
> analysts and did not show favoritism to Gonzalez.
>
> D: May attend the dinner and participate in the
> golf-tournament and sight-seeing excursion because
> Gonzalez considers these modest “perks” acceptable
> in the normal course of business.
>
> I chosed choice A but that was wrong.
B That golf tourney is too elegant. Forget it, don’t go.
> 2)Which of the following statements regarding
> research reports is/are CORRECT according to the
> Standards of Practice Handbook?
>
> I. Members should outline known limitations
> of their analysis.
> II. Reports should be supported by background
> and supporting information, and this information
> should be available to interested parties.
> III. Members must include all relevant
> factors in research reports.
>
> A:I and III.
>
> B: II and III.
>
> C: I, II, and III.
>
> D:I and II.
>
> I chosed choice C, but that wasn’t the right
> choice
D - III is way to strict.
>
> 3)Which of the following statements regarding
> supervisory responsibility is/are CORRECT under
> the Code and Standards:
>
> I. CFA Institute members exercise reasonable
> supervision by establishing and implementing
> written compliance procedures.
> II. Once compliance procedures are
> established, CFA Institute members must take
> reasonable steps to ensure that they are
> disseminated and enforced.
> III. Misconduct by a member’s subordinate
> automatically results in a violation of the Code
> and Standards by the member for failing to
> properly supervise the employee.
>
> A: I and II.
>
> B: I, II, and III.
>
> C: II and III.
>
> D: I only.
>
> I chosed choice B, but that wasn’t the right
> choice.
A - III is way to strict.
> 4)When a corporate issuer, seeking to increase
> their visibility with potential investors, hires
> an analyst to write research on their company, the
> analyst must do all of the following EXCEPT:
>
> A: Strictly limit the type of compensation
> received by the company so that the compensation
> is not based on the content or recommendation
> contained in the report.
>
> B:Allow the company that paid for the report to
> review the analysis and recommendations.
>
> C:Engage in thorough, independent and unbiased
> analysis of the company.
>
> Disclose in the report that the analyst is being
> paid by the company to write the report.
B. They can’t do that.