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答案和详解如下：

Answer 6  

The correct answer was D) verification procedures. 

The eight major sections of GIPS are: 0) Fundamentals of compliance; 1) Input data; 2) Calculation methodology; 3) Composite construction; 4) Disclosures; 5) Presentation and reporting; 6) Real estate; and 7) Private equity. 

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

 

Answer 7 

The correct answer was B)

If the supervisor makes a reasonable effort to detect violations, she is in compliance with the Code and Standards. Making such an effort is required by the Standard. 

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

 

Answer 8 

The correct answer was D) Wadel violated the Standards, but Linstrom did not. 

The possibility that Linstrom’s friend may own a few shares of Delta's stock, worth a low dollar amount, does not create a conflict of interest such potential ownership could not reasonably be expected to interfere with her duty to employer or ability to make unbiased and objective recommendations. On the other hand, Wadel has a beneficial interest in his wife's ownership of Gamma shares. Standard VI(A) requires that Wadel disclose this information so that his employer can make the proper determination. 

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

 

Answer 9 

The correct answer was C)

Understanding and complying with all applicable laws, rules, and regulations is required by Standard I(A) – Knowledge of the Law. The other choices are included in the Code of Ethics. 

This question tested from Session 1, Reading 1, LOS b, (Part 1)

 

Answer 10 

The correct answer was A) After five years of historical data has been achieved, the firm must add one additional year of performance each year up to a minimum of ten years. 

The statement, “After five years of historical data has been achieved, the firm must add one additional year of performance each year up to a minimum of ten years,” is a requirement, not a recommendation, for claiming GIPS compliance. The other choices are all currently recommendations, but will become requirements for periods beginning January 1, 2010. 

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