CFA Institute CFA-Level-I CFA Level I Chartered Financial Analyst Exam Practice Test

Standard IV of the Standards of Professional Conduct deals with Relationships with and Responsibilities to ________.

Complete the following: According to The Code of Ethics, members of AIMR shall: "Act with ________, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."

Under what conditions is Standard II (B)- Professional Misconduct violated?

I . The member is convicted of a misdemeanor.

II . The member regularly engages in unprofessional but legal behavior.

III . The member engages in dishonest activities that do not result in criminal conviction. IV . The member is convicted of a felony.

________ establishes the fiduciary principles for U.S. corporate pension plans.

ERISA fiduciaries must adhere to the following prudent procedures:

- establish a written investment policy for the plan

- diversify plan assets

- make investment decisions with the skill and care of a ________

- monitor investment performance

- control investment expenses

- avoid prohibited transactions

Each ________ needs to comprise portfolios or asset classes that represent a similar investment goal.

With regard to real estate, all properties must be included in at least one ________.