2025年CFA《道德》测试练习卷.docxVIP

2025年CFA《道德》测试练习卷

考试时间：______分钟总分：______分姓名：______

试题部分

1.Aninvestmentmanagerisconsideringtakingashort-termvacation.Duringthisperiod,asignificantmarketeventoccursthatimpactsoneofthefirmslargeclientportfolios.Themanagerdelegatesthemonitoringofthisportfoliotoajunioranalystwhodoesnotfullyunderstandthecomplexitiesofthepositions.Themanagerisawareofthisdelegationbutbelievesthejunioranalystiscapable.Whichofthefollowingactions,iftakenbythemanager,mostlikelyviolatestheCFAInstituteStandardsofProfessionalConduct?

A.Ensuringthejunioranalysthasaccesstonecessaryresearchandsupportfromseniorstaff.

B.Informingtheseniorportfoliomanageraboutthetemporarymonitoringarrangement.

C.Delegatingthemonitoringtaskwithoutobtainingexplicitapprovalfromthecompliancedepartment.

D.Communicatingwiththeclienttoexplainthetemporarychangeinmonitoringresponsibilities.

2.ACFAcharterholderisanalyzingpotentialinvestmentopportunitiesforaclient.Thecharterholderdiscoversasmall,non-publiccompanythatappearstobeundervalued.Thecharterholderscousinownsasignificantportionofthiscompanyandisnotaclientofthefirm.Thecousinhasnotdisclosedthisownershiptothecharterholder.Whatisthemostappropriatecourseofactionforthecharterholder?

A.Avoidinvestinginthecompanytomitigateanypotentialperceptionofconflict.

B.Conducttheanalysisindependentlyandrecommendtheinvestmentifitmeetsclientobjectives,withoutdisclosingthecousinsownership.

C.Informthecousinaboutthepotentialinvestmentandrecommendavoidingittomaintainthecousinsposition.

D.Disclosethecousinsownershiptotheclientandobtaintheirconsentbeforemakinganyinvestmentrecommendations.

3.Anequityresearchanalystataninvestmentbankiscoveringacompanyinwhichthebankisunderwritinganupcomingin