CFA Level I Ethics Investment Analysis MCQs Test 4

General4 MCQs

1. What does Standard V(A) require regarding the qualities of investment analysis?

A. Exercise diligence but not thoroughness.B. Exercise independence but not diligence.C. Exercise diligence, independence, and thoroughness.D. Exercise thoroughness only for recommendations.

2. What does Standard V(B) require regarding disclosure of the investment process?

A. Only disclose the investment process to existing clients.B. Do not disclose the investment process to clients.C. Only disclose the investment process to institutional clients.D. Disclose the basic format and general principles of the investment process to clients and prospective clients.

General4 MCQs

3. What does Standard V(C) require regarding the scope of record retention?

A. Maintain records for analyses, recommendations, actions, and communications.B. Maintain records only for investment recommendations.C. Maintain records only for actions, not for communications.D. Maintain records only for analyses, not for recommendations.

4. What does Standard V(A) require regarding the basis for investment actions?

A. Have a reasonable basis only for recommendations, not for actions.B. Have a reasonable and adequate basis for any analysis, recommendation, or action.C. Base recommendations on personal experience alone.D. Have a reasonable basis only for analysis, not for recommendations.

CFA Level I Ethics Investment Analysis MCQs Test 4

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