"morality" exercise:Behavior standard
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Questions 1:
When claiming GIPS compliance, a firm will least likely have to apply all of the required provisions in the first five major sections of the GIPS standards when investing in:
A 、separately managed accounts.
B 、equity mutual funds or unit trusts.
C、 commodity related portfolios.
Questions 2:
Which of the following best outlines the minimally acceptable behaviors expected of a member belonging to a societal group?
A Standards of conduct
B Code of ethics
C A firm’s employee handbook
A is correct. Certain provisions of Sections 0–5 do not apply to real estate investments, private equity investments and/or separately managed accounts. Private equity, real estate, and separately managed accounts have their own sections within the GIPS standards specific to each respective asset class (Sections 6–8).
B is incorrect because mutual funds or unit trusts would be subject to the provisions in Sections 0–5.
C is incorrect because commodity funds would be subject to the provisions in Sections 0–5.
A is correct. Standards of conduct outline the minimally acceptable behaviors expected of a member of a societal group. The code of ethics serves as a general guide for how community members should act.
B is incorrect. A code of ethics does not outline the minimally acceptable behaviors expected of its societal members, it serves as a general guide for how community of members should act.
C is incorrect. A firm’s employee handbook does not outline the minimally acceptable behaviors expected of its societal members, it outlines the expected behavior of the firm’s employees.
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>
