[单项选择]Bill Kimm, CFA owns an asset management firm with offices downtown. To minimize rent expenses, each year Bill ships the previous year’s research records to a nearby warehouse. There, the reports are digitized and stored in both electronic and hard-copy forms. After five years, all paper copies are destroyed and only electronic copies are retained. Are Bill’s record-retention procedures in compliance with the CFA Institute Standards of Practice（　）
A. Yes.
B. No, because he did not retain the copies in his offices.
C. No, because he failed to retain the original documents.

[单项选择]A CFA charterholder owns an asset management firm with offices downtown. To minimize rent expenses, each year the charterholder ships the previous year’s research report to a nearby warehouse. There, the reports are digitized and stored in both electronic and hard-copy forms. After five years, all paper copies are destroyed and only electronic copies are retained. Are the charterholder’s record-retention procedures in compliance with the CFA Institute Standards of Practice（）
A. No.
B. Yes, because he is only required to retain hard copies for five years.
C. Yes, because he still retains electronic copies of the original documents.

[单项选择]Bill Gates, CFA, is a securities analyst covering transportation industry in a local broker. According to the Code of Ethics and Standards of Professional Conduct, which of the following recommended procedures to prevent violations of the Standards of Professional Conduct relating to priority of transactions is NOT accurate（）
A. Prohibit personal trading in the broker's recommended stock list.
B. Fully disclose to investors the broker's policies regarding personal investing.
C. Restrict investment personnel to participate on private placements.

[单项选择]Bill Yates, CFA, is evaluating NanoSoft, Inc. , a high tech company with impressive sales growth but no earnings. Yates' supervisor, a firm believer in relative valuation, instructs him to use the price-to-sales multiple to determine the value of NanoSoft. In an e-mail to his supervisor, Yates weighs the pros and cons of the price-to-sales multiple. All of his statements about price-to-sales ratios are correct EXCEPT:（）
A. profit margin is a key variable not considered.
B. price-to-sales is a poor valuation technique for growth companies.
C. sales growth drives all subsequent earnings and cash flows.

[单项选择]A CFA charterholder is asked to review her firm’s soft dollar practices. As part of the review, she notes that her firm has failed to disclose the practices to the firm’s clients in writing as required by law. She does not report the firm’s violation to the appropriate regulatory authority, has the charterholder violated any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, because she failed to act in the best interest of her employer.
C. Yes, because she is required to report legal violations to the appropriate authority.

[填空题]·owns three coffins within it

[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.

[判断题]Both order bill of lading and straight bill of lading can be transferred to the third party by endorsement. ( )

[填空题]

提示：Alice得知Bill最近住院，问Bill发生了什么事。听说Bill房间失火，Alice感到遗憾。Bill说失火是由于熄灯后，John点燃了蜡烛，要继续阅读，但后来他却睡着了，随后，他的床着了火，他本人严重受伤，现在仍然住院。
Alice: Where have you been these days
Bill: In the hospital.
Alice: In the hospital (51)
Bill: Didn’t you know that our room caught fire last Sunday evening
Alice: Oh, really (52) . But what caused the fire
Bill: Well, the light in our room was turned off at 10:30 as usual. John lit a candle (53) . Unluckily he fell asleep with the candle still burning beside him. (54) .
Alice: Oh, my God! How was John
Bill: He was badly burnt (55) .
Alice: Was he the only one burnt
Bill: No. There were two more, including me.

51（）

[判断题]A clean bill of lading means that the bill of lading is very clean.（ ）

[判断题]A foul bill of lading means that the bill of lading is very dirty.（ ）

[简答题]Tinashe a medical doctor owns a residential stand in Mandara, Harare. He met his friend Sandra, whom he told that he intended to sell his residential stand for $5,000,000. Sandra told Tinashe that she would be interested in buying it but Tinashe did not say anything. During the week Sandra received an e-mail with Tinashe’s bank account details and Sandra proceeded to deposit $5,000,000 into the account. She phoned Tinashe the following day requesting that he effect a change of title and transfer the title deeds to the stand into her name. Tinashe did not reply to this. He realised that he could have made more profit had he sold the stand in foreign currency and refused to change the title deeds but instead insisted on repaying Sandra the money paid to him. He maintained that there was no contract between them. Required: In relation to the law of contract, explain to Sandra whether she has any remedies available to her. (10 marks)

[简答题]direct bill of lading