更多"A CFA Institute member puts the fol"的相关试题:
[单项选择]A stockbroker who is a member of CFA Institute has a part - time housekeeper who also works for the CEO of Festival, Inc. One day the housekeeper mentions to the broker that she saw the CEO of Festival having a conversation at his home with John Tater, who is a nationally known corporate lawyer and consultant. The stockbroker is restricted from trading on this information:（）
A. if the housekeeper says the meeting concerned a tender offer and the broker knows that it is non - public information.
B. only if the broker knows that the meeting is non -public information.
C. if the broker is friends with the CEO of Festival.
[单项选择]A money manager and member of CFA Institute is meeting with a prospect. She gives the client a list of stocks and says, "These are the winners I picked this past year for my clients. Their double-digit returns indicate the type of returns I can earn for you." The list includes stocks the manager had picked for her clients, and each stock has listed with it an accurately measured return that exceeds 10 percent. Is this a violation of Standard Ⅲ (D), Performance Presentation（ ）
A. Yes, because the manager cannot reveal historical returns of recent stock picks.
B. No, because the manager had the historical information in writing.
C. Yes, unless the positions listed constitute a complete presentation (i. e. there were no stocks omitted that did not perform in the double digits).
[单项选择]A money manager, who is a member of CFA Institute, suggests during phone calls to his clients that, "I hope you will relay to your friends the great returns I earned for you this past year. " The manager had generated above average returns in the past year. Is this a violation of Standard Ⅲ (D) , Performance Presentation（）
A. Yes, because the Standard forbids members asking their clients to say anything about how well the member has done.
B. No, because the request was made orally and not in writing.
C. Yes, because the intended message fails the test of completeness as required under the standard.
[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]If a CFA Institute member knows that a fellow employee has violated a law, according to Standard Ⅰ (A) the member must NOT do which of the following（）
A. Report the employee violating the law to the appropriate supervisor in the firm.
B. Report the employee violating the law to the SEC.
C. Disassociate from the employee violating the law.
[单项选择]A stockbroker who is a CFA Institute member is called on the telephone by the CEO of a large company. The CEO asks to buy shares of the CEO’s company for the accounts of the CEO’s children. In the course of the conversation, the CEO says this will really pay off when the upcoming takeover goes through. The stockbroker checks her sources and finds no information about the takeover. In this ease the broker should:（）
A. only execute the order in compliance with Standard Ⅲ (A), Loyalty, Prudence, and Care. Since the client is buying the stock for the children, there is not a problem.
B. execute the order for all clients as required by Standard Ⅲ (B), Fair Dealing.
C. do none of the actions listed here.
[单项选择]When a CFA Institute member suspects a client or a colleague of planning or engaging in ongoing illegal activities, which of the statements about the actions that the member should take is most correct According to the CFA Institute Standards of Professional Conduct, the CFA Institute member should:（）
A. consult counsel to determine the legality of the activity.
B. consult counsel to determine the legality of the activity and disassociate from any illegal or unethical activity if the member has reasonable grounds to believe that the activity is illegal or unethical.
C. ignore the suspected illegal activity unless the suspected party is a CFA Institute member.
[单项选择]
Passage 3
Which of the following statement is NOT true
a. Consumers can enjoy more convenience as the cooperation between Internet companies and hardware makers develops.
b. Yahoo is expected to cooperate with Google Inc. to provide Web services to the Nokia handset users.
c. Nokia entered cooperation with Yahoo Inc. earlier than Motorola.
d. Consumers need to wait for a period of time before their existing phones can be connected to the Internet.
[单项选择]
Passage 1
Which of the following statement is true
a. Dr. Sellers invented the word face blindness.
b. Brain scans show that a certain part of the brain of person with face blindness is inactive at all compared with that of a normal person.
c. A certain part of the brain of a normal person will react differently to the faces of two different persons.
d. Face blindness is accompanied by some symptoms like color blindness.
[单项选择]
Passage 2
Which of the following statements is true about the recent study released in the American Journal of Preventive Medicine
a. It is the first in its kind.
b. It is a huge project carried out by a single person.
c. Its major purpose is to identify the most important preventive measures.
d. It made an investigation into the governmental investment in medical services.
[单项选择]Level I CFA candidate Adeline Bass is a member of an investment club. At the next meeting, she is to recommend whether or not the club should purchase the stocks of CS Industries and MG Consolidated. The risk-free rate is at 6 percent and the expected return on the market is 15 percent. Prior to the meeting, Bass gathers the following information on the two stocks:
A.
B.
CS IndustriesC.
MG ConsolidatedD. Current Market Value
E. $25
F. $50
G. Expected Market Value in One Year
H. $30
I. $55
J. Expected Dividend
K. $1
L. $1
M. Beta
N. 1.2
[单项选择]Brian Bellow, a CFA Institute member, is a portfolio manager for Progressive Trust Company. Several friends asked Bellow to review their investment portfolios. On his own time, Bellow examined their portfolios and made several recommendations. He received no monetary compensation from his friends for his investment advice and provided no future investment counsel to them. According to CFA Institute Standards of Professional Conduct, did Bellow violate his duty to Progressive Trust（）
A. No, because Bellow provided no ongoing investment advice.
B. No, because Bellow provided investment advice to his friends.
C. Yes, because he undertook an independent practice that could result in compensation or other benefit to him.
[单项选择]An analyst, who is a CFA Institute member, manages a high-grade bond mutual fund. This is his only professional responsibility. When the analyst comes across a speculative stock investment that he feels is a good investment for his personal portfolio, the analyst:（）
A. may invest in the stock because the analyst would not purchase the stock for the bond portfolio he manages.
B. may not invest in the stock because of his position as a portfolio manager.
C. is in violation of Standard Ⅳ (A), Loyalty to Employer, by spending time analyzing stocks when he should only analyze bonds.
[单项选择]A CFO who is a CFA Institute member is careful to make his press releases-some of them containing material and previously undisclosed information——clear and understandable to his readers. While writing a new release, he often has his current intern proofread rough drafts. He also sends electronic copies to his brother, an English teacher, to get suggestions concerning style and grammar. With respect to Standard Ⅱ (A), Material Nonpublic Information, the CFO is: A. not in violation of the Standard. B. violating the standard by either showing the pre-release version to his intern or sending it to his brother. C. only in violation by showing the pre-release version to the intern but not to a relative such as his brother.
[单项选择]Bentlom Company’ s common sized financial statements show the following information: Earnings after taxes 15 % Current liabilities 20% Equity 45 % Sales $ 800 Cash 10% Total assets $ 2000 Accounts receivable 15% Inventory 20% Bentlom’ s long-term debt-to-equity ratio and current ratio are closest to. Long-term debt-to-equity ratio Current ratio（）①A. 77.8 % 2.25 ②B. 98.2% 2.50 ③C. 98.2% 2.25
A. ①
B. ②
C. ③
[单项选择]Bob Smith, CFA, is an outside board member of Atlantic Technologies, but is not paid by the firm for his services. An employee at Atlantic informs Smith that Atlantic has improperly timed the booking of contracts to achieve the desired quarterly financial results. The misleading financial statements would turn losses into profits. Smith confers with the firm’s legal counsel who indicates that this conduct is, in fact, illegal. Smith urges Sharon White, Atlantic’s chief operating executive, to change the financial statements, but she refuses to do so. According to CFA Institute Standards of Professional Conduct, which of the following statements best describes what Smith should do in this situation （）
A. Smith should immediately make CFA Institute aware of the situation at Atlantic.
B. Smith should wait until the next board meeting, which is scheduled in two weeks, to make other board members aware of the situation.
C. Smith should promptly disassociate himself from Atlantic’s actions by resigning as a director or by reporting the activities to the appropriate authorities.
[单项选择]
Directions: You will hear a question or
statement and three responses spoken in English. They will not be printed in
your test book and wilt be spoken only one time. Select the best response to the
question or statement and mark the letter (A), (B), or (C) on your answer sheet.
