更多"Arthur Harrow, CFA, is a pharmaceut"的相关试题:
[单项选择]An analyst who is an CFA Institute member receives an invitation from a business associate’s firm to spend the weekend in a high-quality resort, in order to abide by the Standards, the analyst should (may):（）
A. write a memo to his supervisor notifying the supervisor of the trip.
B. do all of the actions listed here.
C. accept if it is a client whose portfolio he manages.
[单项选择]A financial analyst and CFA Institute member sends a preliminary research report on a company to his supervisor. The supervisor approves the report, but then the analyst receives news that causes him to revise downward the earnings estimate of the company. The analyst resubmits the report to the supervisor with the new earnings estimate. The analyst soon finds out that the supervisor plans to release the first version of the report with the first earnings estimate without a reasonable and adequate basis. In response to this the analyst must:（）
A. only insist that the first report be followed up by a revision.
B. only take the issue up with regulatory authorities.
C. insist that the supervisor change the earnings forecast or remove his (the analyst’s) name from the report.
[单项选择]Vivian, CFA, a research analyst assigned to Double Limited, has been recommending the stock’s purchase in her quarterly report. Vivian has recently married and just discovered her husband’s trust account owns several million dollars worth of Double Limited. The stock makes up more than 50 percent of the trust’s value but less than 5 percent of Double Limited’s outstanding shares. According to AIMR Standards of Professional Conduct, Vivian should: （ ）
A. Take no action because the stock is not in her name.
B. Disclose her interest in the stock at the time of her next report.
C. Cease including Double Limited stock in her report.
D. Take no action because the holding is less than 5 percent of the outstanding shares.
[单项选择]Jenny Hein, CFA, is a research analyst covering a mining industry. Hein has prepared a research report on one mining company based on research from a variety of sources and other analysts. Hein combines these materials to form her own opinion and completes the report without acknowledge her sources in her report. Then Hein distributes the report to her clients. Has Jenny most likely violated the Standards of Professional Conduct（）
A. No.
B. Yes, by failing to cite the work of others in her report.
C. Yes, by failing to have reasonable basis for her opinion.
[单项选择]Karen Wilson, CFA, supervises eight junior analysts at Spartan Financial Services. Karen suspects that one of the analysts is violating Spartan’s personal investing policy. According to the Standards of Practice Handbook, Karen’s most appropriate initial action is to.（）
A. Initiate an investigation.
B. Notify her supervisor of the analyst’s suspected misconduct.
C. Require the analyst to liquidate and close all personal accounts.
[单项选择]Bob Thompson, CFA, is an analyst at Government Brokers, Inc., which is a brokerage firm specializing in government bond trading. Which of the following statements complies with the CFA Institute Code of Ethics and Standards of Professional Conduct（）
A. Thompson must notify Government Brokers, Inc. of his responsibility to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct.
B. Thompson must be responsible for the ethical actions of other investment professionals in Government Brokers, Inc..
C. Thompson must practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession.
[单项选择]Matthew Murphy, CFA, is an analyst at Divisadero Securities &Co.. If Murphy lives and works in a country where applicable laws differ from the requirement of the Code of Ethics and Standards of Professional Conduct, :（）
A. Murphy must comply to the applicable local law of the country.
B. Murphy must comply to the Code of Ethics and Standards of Professional Conduct.
C. Murphy must comply to the stricter of the applicable local law of the country or the Code of Ethics and Standards of Professional Conduct.
[单项选择]William Wong, CFA, is an equity analyst with Hayswick Securities. Based on his fundamental analysis, Wong concludes that the stock of a company he follows, Nolvec Inc., is substantially undervalued and will experience a large price increase. He delays revising his recommendation on the stock from "bold" to "buy" to allow his professional conduct that relate to:（）
A. Duty to clients.
B. Reasonable basis.
C. Duty to his employer.
[单项选择]Fred Valley, CFA, is an analyst at a commercial bank. Valley receives compensation for referrals to the bank’s brokerage and personal financial-planning divisions. His recent referrals are long-time clients from his previous employer, and Valley does not mention the bank’s referral arrangement. Does Valley violate any CFA Institute Standards（）
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to conflicts of interest.
[单项选择]Jagdish Teja, CFA, is a buy-side analyst covering the furniture industry in a large investment management firm. She is invited to attend a conference call meeting with the top executives of a large furniture manufacturing company and four buy-side analysts. During the meeting, the CEO mentions that they have just calculated the company's earnings for the past quarter and they have unexpectedly and significantly dropped. The CFO adds that this drop will not be released to the public until next week. According to the Standards of Practice Handbook, Tejas' most appropriate initial course of action would be to:（）
A. encourage the company to make the information public as soon as possible.
B. disclose the information to her firm's compliance department personnel.
C. disclose the information to five equally important sell-side analysts so that the information is distributed in an equitable manner.
[单项选择]Steven Brockman, CFA, is a sell-side analyst. Approximately half of Brockman’s compensation comes form his firm’s investment-banking division. Brockman is asked to write a report about Anacortes Concrete (AC) , an investment-banking client. Despite his concerns about a slowdown in concrete demand, Brockman issues a very positive report on AC. When issuing his report, Brockman least likely violates the CFA Institute Standard relating to:（）
A. loyalty to employer.
B. disclosure of conflicts.
C. loyalty, prudence, and care.
[单项选择]Neil Barton, CFA, and Nancy Roberts, CFA, began a joint research report on Stamp Corporation. Nancy spent several days visiting Stamp’s corporate headquarters and meeting with all company officers. Prior to the completion of the report, Nancy was reassigned to another project. Neil utilized his and Nancy’s research to write the report. According to the CFA Institute Standards of practice Handbook, did Nell Violate any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to independence and objectivity.
[单项选择]An analyst gathered the following information about the monthly returns over the same time period from two diversified investment portfolios:
| portfolio X | portfolio Y |
Mean | 1.2% | 1.2% |
Median | 1.1% | 1.3% |
Mode | 1.0% <
A. ①
B. ②
C. ③
[单项选择]An analyst gathers the following information about a company:（）
A. 4.50
B. 3.50
C. 2.50
[单项选择]An analyst does research about standard deviation and gathers the following information about two scenarios: | Scenario | Probability | Expected rate of return | | A | 0.40 | -5% | | B | 0.60 | 10% | The expected standard deviation is closest to:（） A. 5.29% B. 7.35% C. 8.57%
[单项选择]An analyst gathers the following information from a company's balance sheet (in millions): | 31 December 2011 | 31 December 2010 | | Cash and marketable securities | $66 | $60 | | Receivables | $22 | $20 | | Current assets | $132 | $120 | | Total assets | $1498 | $1345 | | Current liabilities | $242 | $220 | | Total liabilities | $1189 | $987 | Based on the information, the company's liquidity ratios at the end of 2011 have:（） A. decreased since the end of 2010. B. remained the same since the end of 2010. C. increased since the end of 2010.
[单项选择]An analyst does research about different inventory valuation methods. Which inventory valuation method least likely results in the same cost of sales for both periodic and perpetual inventory systems（）
A. FIFO.
B. LIFO.
C. Specific identification method.
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