2025年CFA一级《道德》模拟试卷.docxVIP

2025年CFA一级《道德》模拟试卷

考试时间：______分钟总分：______分姓名：______

Instructions:ReadeachitemcarefullyandselectthebestanswerbasedontheCFAInstituteCodeandStandardsofProfessionalConduct.

PartI:MultipleChoiceQuestions

1.Ananalystisevaluatingacompanyforinclusioninaportfoliorecommendationtoaclient.ThecompanysCEOisaclosepersonalfriendoftheanalyst.TheanalystisconcernedthattheCEOmayexertundueinfluenceonthecompanysmanagementtomeetmarketexpectations.Whichofthefollowingactionswouldbemostappropriatefortheanalysttotake?

a.Proceedwiththeanalysisandrecommendationasplanned,butdisclosethefriendshipinthereport.

b.Defertherecommendationuntilthefriendshipisnolongerconsideredapotentialconflictofinterest.

c.Recuseherselffromtheanalysisandrecommendadifferentcompanytotheclient.

d.AcceptagiftfromtheCEOasatokenofappreciationforherwork.

2.Aportfoliomanagerisconsideringaddinganewsecuritytoaclientsportfolio.Thesecurityisissuedbyacompanyinwhichtheportfoliomanagerssiblinghasasignificantfinancialinterest.Theportfoliomanagerisawareofthisinterestbutdecidestoproceedwiththeadditionbecausethesecurityappearstobeagoodinvestmentbasedonitsfundamentalanalysis.Whichofthefollowingbestdescribestheportfoliomanagersethicalobligation?

a.Theportfoliomanagermustdisclosetheconflictofinteresttotheclientbutisnotrequiredtorecuseherselffromthedecision.

b.Theportfoliomanagermustrecuseherselffromthedecisionandinformtheclientofthereasonforherrecusal.

c.Theportfoliomanagerisnotobligatedtodisclosetheconflictofinterestaslongastheinvestmentdecisionisbasedonsoundanalysis.

d.Theportfoliomanagermustobtainwrittenconsentfromtheclientbeforeproceedingwiththeinvestment.

3.Aninvestmentadvisorisprovidingresearchreports