CFA Level I Ethics Employer Duties MCQs Test 4

Practice CFA 2026 Level I Ethics MCQs from Employer Duties. Get instant results with Explanation.

Practice Quiz 4 for "Employer Duties" (Ethics). Total 36 MCQs available, split into 4 quizzes. Start with the fundamentals and build a strong base. Mastering these concepts is essential for securing a high percentile in CFA.

General6 MCQs

1. What does Standard IV(A) Loyalty require regarding competition with the employer?

A. Can compete with their employer as long as they do not use employer resources.B. Can engage in activities that harm their employer's interests if they are disclosed.C. Must act for the benefit of their employer and not compete with their employer or harm their employer's interests.D. Loyalty to the employer is optional.

2. What does Standard IV(B) Additional Compensation Arrangements require regarding disclosure of compensation arrangements?

A. Only requires disclosure of compensation from clients, not from others.B. Only requires disclosure of compensation that exceeds a certain amount.C. No disclosure is required.D. Requires disclosure to the employer of all compensation arrangements that could create a conflict of interest, including from clients or others.

3. What does Standard IV(C) Responsibilities of Supervisors require regarding compliance of subordinates?

A. Take reasonable steps to ensure that persons under their supervision comply with applicable laws, rules, regulations, and the Code and Standards.B. Supervisors are not responsible for the compliance of their subordinates.C. Only need to ensure compliance with the Code, not other laws.D. Only need to ensure compliance of subordinates who are involved in client-facing activities.

General6 MCQs

4. What does Standard IV(A) Loyalty prohibit regarding use of employer resources and confidential information?

A. Can use employer resources for personal benefit as long as they are not material.B. Must not use employer resources or confidential information for personal benefit.C. Can use confidential information for personal benefit if it is not disclosed.D. Loyalty to the employer is optional.

5. What does Standard IV(B) Additional Compensation Arrangements require regarding written consent?

A. Only requires disclosure, not written consent.B. Written consent is not required if the compensation is de minimis.C. Requires disclosure to the employer and written consent for any compensation or benefits that could create a conflict of interest.D. Only requires oral disclosure to the employer.

6. What does Standard IV(C) Responsibilities of Supervisors require regarding response to violations?

A. Supervisors only need to detect violations, not respond to them.B. Only need to respond to violations, not detect them.C. Supervisors are not responsible for violations by their subordinates.D. Must take reasonable steps to prevent and detect violations and respond appropriately when violations are detected.

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Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 70 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Subject breakdown not available.

Merit Formula: -

Practice CFA MCQs

CFA FLP 1 CFA FLP 2 CFA FLP 3

CFA Level I Ethics Employer Duties MCQs Test 4

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