Q1.An analyst is told by his supervisor that when he feels he should write a buy recommendation he is free to do so, and when he feels he should write a sell recommendation he should check with the supervisor first. This practice is: A) congruent with Standard V(A), Diligence and Reasonable Basis. B) in violation of Standard V(A), Diligence and Reasonable Basis. C) in violation of Standard I(B), Independence and Objectivity.
Q2.Luis Rodriguez, CFA, is an analyst at XYZ Investments. He covers a company that is located in a region that is not easily accessible. The company invites analysts for their annual analyst meeting and pays for the transportation to the remote location. Rodriguez is: A) allowed to accept the payment for transportation because the trip was all business and was out of the way. B) allowed to accept the payment for transportation as long as it does not exceed $100. C) not allowed to accept the payment for transportation because this is a considered a “perk” and may influence his independent judgment.
Q3.In order to comply with the CFA Institute Standards, an analyst should: A) use outside research only after verifying its accuracy. B)
use only his own research in making investment recommendations, because anything else would violate Standard I(B), Independence and Objectivity. C) use only his company's research when making investment recommendations and use outside research for reports and analysis on stocks. Q4.All of the following would be permitted according to the CFA Institute Standards of Professional Conduct EXCEPT: A) token gifts received from clients. B) use of an issuer’s corporate aircraft when commercial transportation is not available. C) air transportation paid by a corporate issuer for travel to a major metropolitan airport.
Q5.Which of the following gifts to employees from clients does NOT need to be reported to the employee’s employer? A) An inexpensive golf shirt. B) An expensive case of wine. C) A ski-vacation. | 
发表于 2008-12-30 15:05
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