CFA一级模考试题及答案

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1、ANSWERSFORMOCKEXAM1(MORNINGSESSION)1.D.AlthoughTerencehaspassedLevelIII,hehasnotyetreceivedhischarterandcannotusetheCFAdesignation.Thedescriptionprovidedinthecoverletterproperlydescribeshissituation.2.C.Amymusttakebothactions-notifyingherimmediatesupervisoranddeliveringacopyoftheCodeandStand

2、ards.3.D.4.C.Membersmayundertakeanindependentpracticethatcouldresultincompensationorotherbenefitincompetitionwiththeiremployerprovidedtheyobtainwrittenconsentfromboththeiremployerandthepartyforwhomtheyundertakeindependentpractice.5.C.Tomaintainhisobjectivity,Keithshouldpayhisownhotelbill.Bec

3、ausetheitineraryrequiredcharterflightsduetoalackofcommercialtransportation,A&KLimitedcanappropriatelyprovidethem.6.C.UnderERISA,fiduciariesmustactsolelyintheinterestof,andfortheexclusivepurposeofbenefiting,theplanparticipantsandbeneficiaries.7.B.Danielmustgiveprioritytotransactionsforclients

4、andemployersovertransactionsforhischildren.8.A.Toavoidviolatingthestandards,memberscannottradeuntilthemember'sclientsandemployershavehadanadequateopportunitytoactontherecommendation.9.C.TherequirementsofStandardIV(B.5)arenotintendedtopreventLambertfromcooperatingwithaninvestigationbyAIMR'sPr

5、ofessionalConductProgram.10.B.Vivianshoulddisclosetoherclientsandprospectsherhusband'sholdingsinDoubleLimitedbecausethismattercouldbeexpectedtoimpairherabilitytomakeunbiasedandobjectiverecommendations.11.B.12.B.Accrualsaccountingisrequired.13.C.StandardI(B)FundamentalResponsibilities.Prohibi

6、tionagainstparticipatingorassistinginillegalandethicalviolations.IfRobertssuspectssomeoneisplanningorengaginginillegalactivities,heshould:(1)determinethelegalityoftheactivities,(2)disassociatehimselffromtheillegalorunethicalactivity,and(3)urgehisfirmtoattempttopersuadetheperpetratortostop.Th

7、eAIMRStandardsofProfessionalConductdonotrequirethatRobertsreportsuchactivitiestotheauthorities,butthelawmight.14.C.StandardIII(C)DisclosureofConflictstoEmployer.Gloriashoulddisclosetoheremployerallmattersthatcouldreasonablybeexpectedtointerferewith