Reading 1- LOS A - Q8 style, black, class

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8、Which of the following is a component of the Code of Ethics? CFA Institute members shall:

A)   use particular care in determining applicable fiduciary duty.

B)   use reasonable care and exercise independent professional judgment.

C)   not knowingly participate or assist in any violation of laws, rules, or regulations.

D)   comply with any prohibitions on activities imposed by their employer if a conflict of interest occurs.

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The correct answer was B)

Using reasonable care and exercising independent professional judgment is one of the components of the Code of Ethics, whereas the other statements are part of the Standards of Professional Conduct.