Chartered Financial Analyst® CFA® 2011 CFA Level 1 Sample Exam Questions and Answers • 2011 CFA Level 1 Sample Exam Version 1-2 2011 CFA Level 1 Sample Exam 2011 Level 1 Sample Exam Volume 1 SS1 -Ethics and Professional Standards 1. Abasi Hasina, CFA, signed an employment contract with a non-compete clause restricting him from working for a competitor for three years after leaving the employer, an investment bank. After one year, Hsaina. quits his job for a position with an investment bank in a city across the country. The new job pays twice as much as the old one. Lawyers with whom he consulted determined the non-compete clause was a violation of human rights and thus illegal, so he took the offer. Did Hssina most likely …show more content…
Kelso is part of a team of analysts who focus on the automobile industry. Recently, Kelso disagreed wjth two research "sell" recommendations written by her team even though she felt confident the research process was properly conducted. In discussions with several clients, Kelso states "even though my name is on the sell reports, these stocks are a buy because sales and share prices for both auto companies will rise significantly due to strong demand for their vehicles." Concerning the "sell" recommendations, which of Kelso 's following actions would most likely violate the CFA Institute Standards of Professional Conduct? A. Dissociating from the report B. Distinguishing between fact and opinion C. Sharing her personal opinion of the stocks 2 2011 CFA Level 5 Sample Exam 8. Gardner Knight, CFA, is a product development specialist at an investment band. Knight is responsible for creating collateralized debt obligations (CDOs) consisting of residential mortgage bonds. In the marketing brochure for his most recent CDO, Knight provided a list of the mortgage bonds that the CDO was created from. The brochure also states that "an independent third party, the collateral manger, had sole authority over the selection of all mortgage .bonds used as collateral in the CDO." However, Knight met with the collateral manager and helped her select the bonds for the CDO. Knight is least likely to be in violation of which CFA Institute Standards of
The two examples that were considered in the dilemma was in a resolution of a decision they would start a job or end a job. The decision was based on unethical matters which I have not
Which of the following statements best describes the clothing industry in the late nineteenth century?
It is clear from the case study that Alistair knows the contract is unorthodox. The problem he faces is whether he should overlook the bribe or report it to the board. The board of directors expects Alistair to tell the truth and report the bribe because of: his position as Chief Legal Officer, the board has a very strong ethics policy and they are wary of unethical activities.
4.) Employee Compliance to the Code: The entire staff is expected to be compliant to the rules and regulations set forth by Company X. Reported accounts of non-compliance will lead to an internal investigation of both the accuser as well as the accused; disciplinary action will necessarily follow if company rules and regulations have not been adhered to or improperly dismissed. Granted that there are many different situations that could arise in which one would believe unethical behavior or misconduct transpired; therefore, it is suggested that first the issue in question is evaluated before presenting to one’s direct
Chapter 31 32. The red scare of 1919–1920 was provoked by a. the wartime migration of rural blacks to northern cities. b. the strict enforcement of prohibition laws. c. evolutionary science’s challenge to the biblical story of the Creation. d. the public’s association of labor violence with its fear of revolution.
If I personally had to represent this company (ReadyPro) in this case against Martinez by making a confidentiality agreement between two parties would be defined by agreement between the written contracts made before Martinez employment had transpired. Anytime there is a breach of contract, Martinez employment should be disposed of by lack of confidentiality on this persons fault. This agreement was a legitimate business purpose and was applied through Martinez in a business transaction that should allow ReadyPro to be able to
In this final paper I' am going to tell you about how important taking the exams to become in the medical field. The AAMA exam is important because you have to take the exam to become apart of the medical field. You also have to take the AMBA exam. All the exam that you have to take to become apart of the medical field are important. They will determine whether or not you will be apart of the medical field. In this paper I' am going to explain to you why the exam is important to take.
Based on the NCCT practice exam I need to review pharmacology, infection exposure control and safety, phlebotomy, other diagnostic test and ECG troubleshooting and maintenance. I did not do very well on the NCCT practice exam. I know I need to study all the possible abbreviations some of them I just could not recall. A study goal that I want to achieve is to be able to describe in detail what certain body functions are and how they work. I also what to feel confident that I am going to pass the NCCT exam after I have complete everything that I need to review and study. I like the idea of breaking my study goals down into manageable study task helping access where I need to apply most of my studying. Some of the thoughts that I have for being
| Because every piece of music moves through time, every piece of music has some type of rhythm.
Compare and contrast quantitative and qualitative methods on each of the elements listed. Please use scholarly, academic literature to support your response.
This paper is composed for the individual assignment for week 2 of the MBA 633 Legal Issues in the Workplace course. The topic for this assignment consists of the differences between ethical and legal business issues. This paper will provide answers to questions related to employee behavior away from the office, and the Foreign Corrupt Practices Act and bribes. Both topics have been presented in the form of video cases (video 93 and 98) found in the Cengage digital video library.
What do I think? it does not really matter, the court will do what ever they like, anther total strangers will decided if I am good father or not to my own children, they will decide if I should become a visitor or pen father to my own flesh and blood, my children will be exposed to more interrogation. It is so painful I cannot descript it.
ethical problem, but can not be the legal policy for a firm. The firm should evaluate
Issue 2: Has Patricia breached her duty to act in good faith in the best interests of the company when advising her sister Faye, that SEPL were buying a large amount of shares in FPPL?