[单项选择]Sarah Wang, CFA, is a vice president in Dragon Securities, an international brokerage firm. She has determined that Dragon has established adequate compliance program designed to detect and prevent violations of applicable laws, rules, regulations, and the Code of Ethics and Professional Conduct Standards. Given that a compliance program is in place, which of the following actions is least likely included in the list of recommended compliance procedures according to the Standards of Practice Handbook（）
A. Continually educate personnel regarding the compliance procedures.
B. Test employees on their knowledge and understanding of the compliance procedure.
C. take necessary steps to enforce the procedures once a violation has occurred.

[单项选择]Sarah Connor, CFA, is a financial analyst employed by Johnson Investment Counselors. According to the Code of Ethics and Standards of Professional Conduct, which of the following Staterments is NOT among the recommended procedures in compliance with the Standards of Professional Conduct relating to independence and objectivity Johnson Investrnent Counselors:（）
A. prohibits the acceptance of gifts.
B. protects the integrity of opinions.
C. restricts special cost arrangements.

[单项选择]Chu Wang, CFA, gathered the following data to estimate the implied growth rate of dividends for Shenghai Toys Co. to use as an input for valuing the company’s common stock. 　　Return on Assets 10% 　　Profit Margin 5% 　　Total Assists CNY 50 million 　　Debt Ration 40% 　　Payout Ration 25% 　　Wang’s estimate of Shenghai Toys’ implied growth rate would be closest to: （　） 　　
A. 4.17%.
B. 6.25%.
C. 12.50%.
D. 18.75%.

[单项选择]Jane Mattock, CFA, senior vice president and head of the research department of H&V, Inc., a regional brokerage firm. In preparation for a long business trip, Mattock delegates his authority to Deion Miller, CFA. Which of the following is most accurate to comply with the Professional Conduct Standards（）
A. Mattock is required to advise his supervisor and his compliance department, in writing, of the delegation of his supervisory duties.
B. Mattock still has supervisory responsibility and must instruct Miller about methods to prevent and detect violations of applicable laws, rules, regulations, and the CFA Institute Code of Ethics and Standards of Professional Conduct.
C. Miller still has supervisory responsibility but need not instruct a charterholder like Miller about methods to prevent and detect violations of applicable laws, rules, regulations, and the CFA Institute Code of Ethics and Standards of Professional Conduct.

[单项选择] Vice Vaccines At first glance, vice vaccines look just great. These injections promise to inactivate drugs such as cocaine, heroin and nicotine in the bloodstream before they reach the brain. Without the "hit", people just won’’t come back for more. It’’s true that these vaccines are still being developed, so their full risks and benefits are not yet clear. But all the signs are that for people who are in danger of overdosing, or for addicts who want to get themselves clean but need some help to overcome their craving, the vaccines will be immensely valuable. But like many new technologies, they also bring difficult choices. Will convicted criminals who steal to feed their drug habit be allowed back onto the street if they agree to be vaccinated, for example Could a judge even compel these people to be vaccinated Perhaps the most controversial debate that vice vaccines have raised is whether they should be given routinely to childre
A. the vaccine cannot act against nicotine
B. stevedores will not like it
C. one vaccine can act against only a specific drug
D. it will spark a revolution in the detox clinics

[填空题]Wang Hong

[填空题]Wang Yan

[填空题]Wang Qian