[单项选择]Dominic Morris, CFA, works for a small regional securities firm. According to the Standards of Professional Conduct relating to additional compensation arrangements, which of the following is most accurate（）
A. Morris must not accept compensation for work that competes with his firm's interests.
B. Morris must not accept compensation for work that competes with his firm's interests without written consent from his firm.
C. Morris must not accept compensation for work that competes with his firm's interests without written consent from all parties involved.

[单项选择]Michael Jackson, CFA, works for a Privately Offered Fund Company as a portfolio manager. The firm purchases investment research about IT industry from a third-party independent research institution which the firm determines has a sound research basis and continuous reliability. Jackson communicates information from the third-party research to his retail and institutional clients but does not disclose the source. Jackson has most likely violated the Standards of Professional Conduct relating to:（）
A. the Standards regarding disclosure of conflicts.
B. the Standards regarding misrepresentation.
C. the Standards regarding diligence and reasonable basis.

[单项选择]Michael Allen, CFA, works for an investment management company and manages portfolios for a variety of retail and institutional clients for his firm, including his wealthy uncle, all of whom pay a management fee for his services. Lawrence Brown, an analyst at a brokerage firm has recommended Allen a high yield hedge fund based on its historical performance. Allen purchases a large block of this hedge fund and allocates proportionately to all client portfolios, including his uncle's portfolio. Has Allen most likely violated the Standards of Professional Conduct（　）
A. No.
B. Yes, relating to suitability.
C. Yes, relating to fair dealing.

[单项选择]Jill Marsh, CFA, works for Advisors where she manages a portfolio for a wealthy family. Marsh earns one percent of the portfolio’s value each year in the form of a commission from Advisors. The family just told her that any year the portfolio she manages earns more than a 10 percent return, the family will give her the use of the family’s vacation home for one week. Hirsh will comply with Standard Ⅳ (B), Additional Compensation Arrangements, if she:（）
A. does nothing with respect to this.
B. sends an e-mail to her supervisor about the vacation home.
C. delivers a typed memo to her supervisor about the vacation home the first time she uses it.

[单项选择]Jerry Srruth, CFA, works as a portfolio manager for a large investment management firm and manages investment portfolios for high-net-worth individual clients. Smith relies on high-quality investment research that is consistently sound from one of his favorite brokerage firms, Stafford Securities. In return Smith pays Stafford a higher than average commission. Additionally, Smith uses Cannan Securities, another brokerage firm for trade execution only for a particular client at that client's direction. Cannan Securities charges the highest commission of all of the brokerages Smith currently uses. Has Smith most likely violated the Standards of Professional Conduct（）
A. No.
B. Yes, by using Stafford Securities with higher than average commission.
C. Yes, by using Cannan Securities with the highest commission.

[单项选择]Kim Stone, CFA, works at trading desk in Howard Hedge Funds. Samuel Peter, a chief investment manager for Howard has instructed Stone to sell a large amount of one stock based on an inside information of significant legal disputes. Peter inadvertently heard the information from a company's president in an elevator. Stone is unaware that Peter got this information. Stone accepts the trade instruction and completes the order. Has Stone most likely violated the Standards of Professional Conduct（）
A. No.
B. Yes, with respect to responsibilities of supervisors.
C. Yes, with respect to material nonpublic information.

[单项选择]

Wesley Whitcomb, CFA, participated as a CFA examination grader in 2012. Prior to participating in grading CFA examinations, Whitcomb was required to sign a CFA Institute Grader Agreement drafted by CFA Institute stating that graders are not to reveal or discuss the exam materials with anyone except CFA Institute staff and other graders. Several weeks after the conclusion of the CFA exam grading, Whitcomb returns to his office and is having dinner with several colleagues some of who are the Level Ⅲ candidates in the CFA Program. One of the candidates mentions that he is very disappointed about his examination this time and afraid of failing for the exam because he unintentionally made a calculation mistake when answering the first essay question of investment policy statement. Whitcomb responds by telling the candidate that he was a grader for the 2012 examination and that it would be unfortunate if the candidate did give wrong answer to that question because most candidates scored
A. A
B. B
C. C

[单项选择]Neil Barton, CFA, and Nancy Roberts, CFA, began a joint research report on Stamp Corporation. Nancy spent several days visiting Stamp’s corporate headquarters and meeting with all company officers. Prior to the completion of the report, Nancy was reassigned to another project. Nell utilized his and Nancy’s research to write the report. According to the CFA Institute Standards of practice Handbook, did Nell violate any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to independence and objectivity.

[多项选择]获得CFA证书需要通过三级考试，其中，CFA一级要求( )。
A. 掌握财务分析
B. 掌握宏观/微观经济学
C. 掌握数理统计的基本理论
D. 运用所学到的金融理论，比较并推荐最合理的投资工具

[多项选择]获得CFA证书需要通过三级考试，其中，CFA一级要求掌握( )。
A. 财务分析
B. 宏渺微观经济学
C. 数理统计的基本理论
D. 运用所学到的金融理论，比较并推荐最合理的投资工具

[单项选择]The firm of Bonnin and Morris in Philadelphia was probably the first American company to manufacture porcelain.（　）
A. silverware
B. crystal
C. china
D. linen

[单项选择]The comments from Michael Morris and PaulT. Cappuccio imply that the Justice Department ______.


A. had just brought a successful case to an end
B. missed a chance to more severely regulated Microsoft
C. was leaving most of the work to the state attorney generals
D. had failed in its mission to protect business competition

[单项选择]

In 1854 my great-grandfather, Morris Marable, was sold on an auction block in Georgia for ＄500. For his white slave master, the sale was just “business as usual.” But to Morris Marable and his heirs, slavery was a crime against our humanity. This pattern of human rights violations against enslaved African-Americans continued under racial segregation for nearly another century. The fundamental problem of American democracy in the 21st century is the problem of “structural racism” the deep patterns of socio-economic inequality and accumulated disadvantage that are coded by race, and constantly justified in public speeches by both racist stereotypes and white indifference. Do Americans have the capacity and vision to remove these structural barriers that deny democratic rights and opportunities to millions of their fellow citizens This country has previously witnessed two great struggles to achieve a truly multicultural democracy. The First Reconstruction (18
A. crime against humanity
B. unfair business transaction
C. racial conflicts in Georgia
D. racial segregation in America

[单项选择]He works （）
A. alone
B. lonely
C. lone
D. lonesome

[单项选择]The CFA Institute Professional Conduct Program is covered by the CFA Institute Bylaws and the Rules of Procedure for Proceedings related to Professional Conduct Program. The program is based on the principles of fair process to the:（）
A. member's clients and confidentiality of sanctions.
B. member and confidentiality of sanctions.
C. member and confidentiality of proceedings.