With respect to the Standards of Profe...

单项选择题With respect to the Standards of Professional Conduct relating to conflicts of interests, CFA members are required to fully disclose to clients, prospective clients, and employers:

A. only all actual conflicts of interests.
B. only all potential conflicts of interests.
C. both all actual and potential conflicts of interests.

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1.单项选择题 Carol Corky, CFA, is a senior portfolio manager for Universal Management. Universal Management manages five funds, each with a large-capitalization investment strategy. When choosing portfolios under its large-capitalization investment strategy for the purpose of achieving compliance with the Global Investments Performance Standards (), which of the following is most accurate Universal Management is most likely required to include:（）

A. all discretionary portfolios currently managed under the large-capitalization investment strategy.
B. all discretionary portfolios currently and historically managed under the large-capitalization investment strategy.
C. all discretionary and non-discretionary portfolios currently and historically managed under the large-capitalization investment strategy.

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2.单项选择题 Which of the following is NOT a recommendation procedure without applying Global Investments Performance Standards () for compliance with the Standards of Professional Conduct relating to performance presentation（）

A. Provide performance information in a consistent and standard format for all audiences.
B. Clearly indicate when the performance record is that of a prior entity.
C. Include terminated accounts as part of performance history with a clear indication of the time when the accounts were terminated.

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3.单项选择题James Handley is a Level Ⅱ candidate in the CFA Program. After taking the exam in June this year, Handleyimmediately enters into an Internet forum for CFA candidates and writes a post expressing his opinion that the CFA examination policies are unfair and CFA Institute doesn't deal fairly with every candidate. Has Handley most likely violated the Standards of Professional Conduct

A. No.
B. Yes, by providing confidential program information to the public.
C. Yes, by compromising the reputation of CFA Institute and CFA program.

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4.单项选择题 With respect to the Global Investments Performance Standards (), which of the following statements is least accurate Verification:（）

A. ensure the accuracy of composite presentations.
B. improve the consistency and quality of the firm's compliance presentations.
C. provide improved internal processes and procedures as well as marketing advantages to the firm.

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5.单项选择题Wu Yang, CFA, manages individual portfolios for Far East Trust Company. Hu Haiyun, a client, proposes to Wu Yang, "Any year my portfolio achieves at least a 20 percent return before taxes, you and your family can fly to Sanya in Hainan Province in China at my expense and use my condominium during the Spring Festival in February. " While Wu Yang does not inform his employer of the arrangement, he watches Hu Haiyun's portfolio performance intensively throughout the year and makes sure her account gets top priority for any partially executed block trade order. Hu Haiyun's portfolio return exceeds the 20 percent target for the year, and Wu Yang vacations in Sanya during the following February as Hu Haiyun's guest. According to the Standards of Professional Conduct, Wu Yang has least likely violated the CFA Institute Standards relating to:

A. fair dealing.
B. disclosure of conflicts.
C. priority of transactions.

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6.单项选择题With respect to the CFA Institute Code of Ethics and Standards of Professional Conduct, which of the following is least likely to prompt an inquiry by the CFA Institute Professional Conduct Program

A. Written complaints received by Professional Conduct staffs.
B. A violation report submitted by CFA examination proctors.
C. Internal investigations of members conducted by local CFA societies.

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7.单项选择题Lynn Moody, CFA, is an investment officer at the Lester Trust Company. Moody also volunteers on a fund-raising committee for a local nonprofit organization with the purpose of environment protection. Moody sees the name of David Bradford, a former client of her company on the list of prospective new donors. Without disclosing that Bradford was a former client, Moody tells the committee that Bradford has donated generously to similar nonprofit organizations. Has Moody most likely violated the Standards of Professional Conduct

A. No.
B. Yes, relating to disclosure of conflicts.
C. Yes, relating to preservation of confidentiality.

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8.单项选择题A member receives referral fees consideration from individuals outside the member's firm for the recommendation of a financial service. According to the Standards of Professional Conduct, before entry into any formal agreement for the service, the member is required to disclose to their employer, clients and prospective clients:

A. only the nature of the consideration.
B. only an estimated dollar value of the consideration.
C. both the nature and the estimated dollar value of the consideration.

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9.单项选择题Which of the following is least likely a violation of the CFA Institute Standards of Professional Conduct relating to knowledge of the law. A member is failure to:

A. dissociate from any violation of applicable laws, rules, or regulations.
B. seek the advice of compliance personnel or legal counsel concerning legal requirements.
C. disclose to CFA Instituteinvolvement in any civil litigation in the member's professional conduct statement.

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10.单项选择题Timothy Holt, CFA, is a portfolio manager for the Toro Aggressive Growth Fund, a large mutual fund with an aggressive-growth mandate in Fechtman Investments. While having lunch with his colleagues, Holt overheards the manager of Fechtman Investments' trading desk discussing a large sell order for shares of Samuel Corporation that will take the rest of this week to process. Samuel Corporation stocks take a dominant position in the Toro Aggressive Growth Fund. To protect his clients' interests, Holt immediately heads to his office and sells all the Samuel Corporation stocks held iii his fund. Has Holt most likely violated the Standards of Professional Conduct

A. No.
B. Yes, relating only to material nonpublic information.
C. Yes, relating both to material nonpublic information and priority of transactions.

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