答案和详解如下： 1、While on a business trip, John Hayes, CFA, found a notebook that had apparently been left in the waiting area of an airport. Hayes opened the notebook and read the title: Confidential: Level II CFA Examination. Before returning the notebook to CFA Institute, he made a copy and gave it to Linda Sacket, one of his firm's analysts, who was a candidate for Level II of the CFA examination. Hayes reasoned that CFA Institute would not use these questions and that Sacket would benefit from reviewing these questions. Sacket read the questions and guideline answers before taking the Level II examination. According to the CFA Institute Standards of Professional Conduct: A) Hayes violated the Standards, but Sacket did not. B) Sacket violated the Standards, but Hayes did not. C) neither Hayes nor Sacket violated the Standards. D) both Hayes and Sacket violated the Standards. The correct answer was D) Both violated Standard VII(A) because they committed an act that compromised the validity of the examinations leading to the award of the right to use the CFA designation. 2、Which of the following actions would be a violation of the Standard VII(A), Conduct as Members and Candidates in the CFA Program? A) Failure to submit a Professional Conduct Statement and pay annual dues. B) Improperly referencing the CFA mark. C) Misrepresenting information on the Professional Conduct Statement. D) Exaggerating the implications of holding the CFA designation. The correct answer was C) Misrepresenting information on the Professional Conduct Statement is a direct violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. The other choices are violations of Standard VII(B), Reference to CFA Institute, the CFA Designation, and the CFA Program. 3、All of the following are violations of Standard VII(A), Conduct as Members and Candidates in the CFA Program, EXCEPT: A) expressing opinions in disagreement with CFA Institute advocacy positions. B) disregarding the rules related to the administration of the CFA examination. C) improperly using the CFA Designation to further professional goals. D) providing confidential program information to the public. The correct answer was A) Members and Candidates are allowed to express their opinions about the CFA Institute and CFA Program without violation of any Standards. All of the other choices are in direct violation of Standard VII(A). 4、Lindsay Gordon is a CFA Level II candidate living in San Francisco. Gordon’s best friend, Steve Haney, also a Level II candidate, is living in Munich. Because of the time difference between Munich and San Francisco, Gordon suggests that Haney call Gordon during the Munich exam lunch break to discuss the morning exam. Haney makes the call on exam day.
Which of the following statements regarding Gordon and Haney is TRUE? A) Both Gordon and Haney are in violation of Standard VII(A). B) Neither Gordon nor Haney is in violation of Standard VII(A). C) Haney is in violation of Standard VII(A), but Gordon is not in violation. D) Gordon is in violation of Standard VII(A), but Haney is not in violation. The correct answer was A) Both Gordon and Haney violated Standard VII(A) by compromising the integrity of the exam. Gordon now has an unfair advantage. 5、A CFA charterholder coaches a fellow employee as that colleague studies for the CFA exams. The charterholder tells the colleague all that she remembers from her exams and how they were constructed. This is: A) a violation of Standard VII(B) concerning use of the designation. B) a violation of Standard I(C) concerning plagiarism. C) a violation of Standard I(D) concerning professional misconduct. D) not a violation of the standards. The correct answer was C) This is a violation because even though it does not necessarily compromise the integrity of the next exam, it does violate the Code of Ethics, Standard I(D) Misconduct, and Standard VII(A) Conduct as Members and Candidates in the CFA Program. At the beginning of the CFA examination, all candidates are required to sign a statement saying they will not divulge any information regarding the exam to anyone. In this question the Code of Ethics was broken because it requires CFA candidates and CFA Institute members to act in an ethical manner. Standard I(D) Misconduct was broken because it requires members and candidates to not engage in any dishonest conduct. Standard VII(A) Conduct as Members and Candidates in the CFA Program was broken because it requires members and candidates to not disregard the rules and policies of the CFA Program related to examination administration. 6、For the past 5 years, Karen Beckworth, CFA, has served as a proctor for the CFA exam. Beckworth tells her assistant, a CFA Level III candidate, that she normally receives the examinations on the Thursday before the exam. Given the low pass rate at Level III, Beckworth asks her assistant if he would like an advance copy of the next exam. Beckworth’s assistant declines the offer. Beckworth’s assistant has been very vocal about expressing his opinions about the low pass rate. The assistant claims, “there are too many charterholders and CFA Institute is deliberately failing candidates because the prestige of the CFA charter is becoming diluted.” Which of the following statements concerning Beckworth’s and her assistant’s behavior is TRUE? A) Both Beckworth and her assistant are in violation of Standard VII(A). B) Beckworth is in violation of Standard VII(A), but her assistant is not in violation. C) Beckworth’s assistant is in violation of VII(A), but Beckworth is not in violation. D) Neither Beckworth nor her assistant is in violation of Standard VII(A). The correct answer was B) Beckworth is in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. Beckworth compromised the integrity of the exam by offering her assistant an advance copy. Beckworth’s assistant is allowed to express his opinion without violation of any Standards. 7、Ron Vasquez is registered to sit for the CFA Level II exam. Unfortunately, Vasquez has failed the exam the past two years. In his frustration, Vasquez posted the following comment on a popular internet bulletin board: “I believe that CFA Institute is intentionally limiting the number of charterholders in order to increase its cash flow by continuing to fail candidates. Just look at the pass rates.”
Which of the following statements regarding Vasquez’s conduct is TRUE? Vasquez is: A) in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program, but not in violation of Standard I(D), Misconduct. B) not in violation of Standard I(D), Misconduct or Standard VII(A), Conduct as Members and Candidates in the CFA Program. C) in violation of Standard I(D), Misconduct, but not in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. D) in violation of both Standard I(D), Misconduct and Standard VII(A), Conduct as Members and Candidates in the CFA Program. The correct answer was B) Standard VII(A), Conduct as Members and Candidates in the CFA Program does not prohibit expressing opinions about the program or the CFA Institute. Thus, Vasquez is not in violation. Nothing in the facts indicates a violation of Standard I(D), Misconduct. Standard I(D) deals with professional conduct involving dishonesty, fraud, or deceit
[此贴子已经被作者于2008-5-19 12:20:55编辑过] | 
发表于 2008-5-19 12:13
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