[单项选择]Gloria Arraria, CFA, is a stock analyst at a large multinational bank trust department. A cash tender offer was announced by a company whose stock was held by Arraria’s employer as well as by her sister. Under the terms of the offer, the first million shares tendered would be accepted in full at $45 a share (which was 15% above the existing market) and the next one million shares on a pro rate basis also at $ 45 a share. Arratia immediately called her sister with the news but waited a few days to tender holdings of the trust department. This situation violated Standard:（）
A. Ⅰ (B)Independence and Objectivity.
B. Ⅵ (B) Priority of Transactions.
C. Ⅳ (A) Loyalty.

[单项选择]Gloria, CFA, has been assigned by her employer to analyze Well Limited. Which of the following actions would most likely violate AIMR’s Standard Ⅲ (C), Disclosure of Conflicts to Employer Gloria does NOT report to her employer that:（）
A. she owns three shares of Well Limited. 
B. her mother owns 10 shares of Well Limited. 
C. she is trustee of the Well Limited Foundation for Heart Research.

[填空题]The Stock Exchange provides the large companies with a way to reach into the pockets of the public.

[单项选择]

There are stock markets in large cities in many countries. Stock markets in Pads, London, Tokyo, Shanghai and New York are among the largest and most well-known. The stock market, also called stock exchange, is a place where people can buy or sell shares of a factory or a Company. And each share means certain ownership of a factory or a company.
Different people go to stock markets. Some are rich, who want to get more money than they have. Others are not rich, who buy stocks and try to become rich. Still others buy stocks as part of their plan to save money. Of course, investing money in the stock market is not the safest way to make money. No one can tell exactly whether the shares will be doing well. The factory or the company may do badly. Then the stocks will go down, and investors will lose money. The stock may go up or down for a number of untold reasons. Everyone wants the stock to go up, but sometimes even if a factory or company does a good job, the stock may sti
A. they can use the money to do business
B. they will become rich
C. it makes them well-known
D. it is good for them to stay in the stock market