[单项选择]Tamber Benz, CFA, recently joined Bay Area Investment Group as a personal financial planner. Today, she has a meeting with a client interested in equity index funds, with a particular interest in learning about the source and direction of biases. In preparation for this meeting, she makes some quick notes (relying on her memory). These notes are listed below. She then finds her well-worn CFA study notes and checks her memory. After reviewing her notes, which of the following choices does she determine is least accurate（）
A. An index such as the Valueline Composite Average is constructed by purchasing an equal number of shares of each stock in the index, and will have a downward bias when geometric averaging is used to compute the return.
B. One problem with an index such as the S&P 500 is that firms with greater market capitalization have more impact than other firms.
C. A market value-weighted index, such as the New York Stock Exchange Index, accurately reflects the impact of price changes on wealth.

[单项选择]When Jefferson Damon, CFA, joined NPSI Investing, NPSI began using a quantitative stock selection model that Damon had developed on his own personal time prior to his employment with NPSI. One year later when Damon left the firm, he found the original copy of the model that he had developed in a file at his home and presented it to his new employer, who immediately began using the model. According to the Standards of Practice Handbook, did Damon violate any CFA Institute Standards of Professional Conduct（　）
A. No.
B. Yes, because he misappropriated property that now belonged to NPSI.
C. Yes, because he failed to inform his new employer that the model was the same one used by his previous employer.

[单项选择] Amy, a CFA candidate, recently joined A&F Asset Management, and reports directly to Tammy. Shortly after joining the firm, Amy learned that A&F Asset Management does not have a copy of the Code and Standards. Which of the following statements best complies with AIMR Standards of Professional Conduct （　） 　
A. Amy must deliver a copy of the Code and Standards to Tammy.
B. Amy must notify Tammy, in writing, of her obligation to comply with the Code and Standards.
C. Statement A and B.
D. None of the above.

[单项选择]Frustrated with delays in Sacramento, Bay Area officials said Thursday they planned to take matters into their own hands to regulate the region’s growing pile of electronic trash,
A San Jose councilwoman and a San Francisco supervisor said they would propose local initiatives aimed at controlling electronic waste ff the California law-making body fails to act on two bills stalled in the Assembly. They are among a growing number of California dries and counties that have expressed the same intention.
Environmentalists and local governments are increasingly concerned about the toxic hazard posed by old electron/c devices and the cost of safely recycling those products. An estimated 6 million televisions and computers are stocked in California homes, and an additional 6,000 to 7,000 computers become outdated every day. The machines contain high levels of lead and other other substances, and are already banned from California landfills.
Legislation by Senator Byron She
A. Exert pressure on manufacturers of electronic devices.
B. Lay down relevant local regulations themselves.
C. Lobby the lawmakers of the California Assembly.
D. Rally support to pass the stalled bills.

[填空题]China has officially joined the international push to make research papers free to read. On 15 May, the National Natural Science Foundation of China (NSFC), one of the country’s major basic-science funding (26) , and the Chinese Academy of Sciences (CAS), which funds and conducts research at more than 100 institutions, announced that researchers they support should (27) their papers into online repositories and make them publicly (28) within 12 months of publication.
The policies, which (29) the same day they were announced, are similar to the mandate set by the US National Institutes of Health (NIH). Xiaolin Zhang, director of the National Science Library at the CAS in Beijing, says that another major research-funding agency, the national (30) of science and technology, is also researching open-access policies. He expects that its policy will take a similar line.
The announcements could see tens or even hundreds of th