| 设计 | |
| 导语 | |
| 标题一 | |
| 标题二 | |
| 标题三 | |
| 标题四 | |
| 策划 | |
| 图片 | 无图片信息！ |
| 正文 |
1. Insituations where the laws of a member or candidate’s country of residence, thelocal laws of regions where the member or candidate does business, and the Codeand Standards specify different requirements, the member or candidate mustabide by:
A. local law orthe Code and Standards, whichever is stricter.
B. the Code andStandards or his country’s laws, whichever are stricter.
C. thestrictest of local law, his country’s laws, or the Code and Standards.
成员或居住候选人的国家，地区，其中的成员或候选人有业务往来的当地法律，守则和标准的法律规定不同的要求，会员或候选人必须遵守：
A.当地法律或准则和标准，无论哪个是严格的。
B.准则和标准或他国的法律，无论哪个是严格的。
C.当地法律，国家的法律或准则和标准中最严格的。
1. C To complywith Standard 1(A) Knowledge of the Law, a member must always abide by thestrictest applicable law, regulation, or standard.
答案:C会员必须遵守最严格的适用法律，法规或标准的遵守。
2. According tothe Standard on independence and objectivity, members and candidates:
A. may acceptgifts or bonuses from clients.
B. may notaccept compensation from an issuer of securities in return for producingresearch on those securities.
C. shouldconsider credit ratings issued by recognized agencies to be objective measuresof credit quality.
关于独立性和客观性，根据成员和候选人的道德标准可以接受：
A.可以接受客户的礼品或奖金。
B.不得接受证券的发行人的补偿，以换取研究证券的结果。
C.应该考虑认可机构出具的是信贷质量的客观地衡量信用评级。
3. A Gifts fromclients are acceptable under Standard 1(B) Independence and Objectivity,
but theStandard requires members and candidates to disclose such gifts to theiremployers. Standard 1(B) allows issuer-paid research as long as the analysis isthorough, independent, unbiased, and has a reasonable and adequate basis forits conclusions, and the compensation from the issuer is disclosed. Members andcandidates should consider the potential for conflicts of interest inherent incredit ratings and may need to do independent research to *uate thesoundness of these ratings.
答案：A 在遵守独立性和客观性的情况下，一般礼物是可以接受的。
但是接受的礼物不得影响独立性和客观性，不能对研究结果产生影响，并且这些奖励必须被披露。同时会员和考生应该注意信用评级与利益得冲突，需要做独立的研究，以评估这些评级的合理性。
4. Bill Cooperfinds a table of historical bond yields on the website of the U.S. Treasurythat supports the work he has done in his analysis and includes the table aspart of his report without citing the source. Has Cooper violated the Code andStandards?
A. Yes, becausehe did not cite the source of the table.
B. Yes, becausehe did not verify the accuracy of the information.
C. No, becausethe table is from a recognized source of financial or statistical data.
比尔·库珀使用美国财政部网站数据支持他的分析工作，而不引用源对历史的债券收益率。库珀已经违反了准则和标准？
A.是的，因为他没有提到该表的来源。
B.是的，因为他没有验证的信息的准确性。
C.不可以，因为该表是从财务或统计数据的公认来源。
5. C Accordingto Standard 1(C) Misrepresentation, members and candidates must cite the sources of theinformation they use in their analysis, unless the information is factual data(as opposed to analysis or opinion) from a recognized financial or statisticalreporting service. The U.S. Treasury is one example of a recognized source offactual data.
答案：C 美国财政部网站数据是事实数据的可靠来源。
6. Which of thefollowing statements about the Standard on misconduct is most accurate?
A. Misconductapplies only to a member or candidate’s professional activities.
B. Neglectingto perform due diligence when required is an example of misconduct.
C. A member orcandidate commits misconduct by engaging in any illegal activity.
哪个关于标准的不当行为是最准确的下面的语句？
A. 误导行为仅适用于会员或考生的专业活动。
B.忽略执行时所需的尽职调查是误导行为的一个例子。
C.成员或候选人提交的从事任何非法活动是误导行为。
7. B Failing toact when required by one’s professional obligations, such as neglecting to perform duediligence related to an investment recommendation, violates Standard 1(D)Misconduct. Acts a member commits outside his professional capacity aremisconduct if they reflect poorly on the member or candidate’s honesty,integrity, or competence (e.g., theft or fraud) .Violations of the law that donot reflect on the member or candidate’s honesty, integrity, or competence(e.g., an act related to civil disobedience) are not necessarily regarded asmisconduct.
非法活动不会影响会员的诚实，正直，或能力不能算作误导行为。
8. Ed Ingus,CFA, visits the headquarters and main plant of Bullitt Company and observesthat inventories of unsold goods appear unusually large. From the CFO, helearns that a recent increase in returned items may result in earnings for thecurrent quarter that are below analysts’ estimates. Based on his visit, Inguschanges his recommendation on Bullitt to “Sell.” Has Ingus violated theStandard concerning material nonpublic information?
A. Yes.
B. No, becausethe information he used is not material.
C. No, becausehis actions are consistent with the mosaic theory.
观了总部和布利特公司的主要厂房及观察到的未售出商品库存出现异常大。分析师改变了对于该公司股票的评价。是否违反准则？
9. A Thestatement from the CFO about the current quarter’s earnings is materialnonpublic information. Ingus violated Standard 11(A) Material NonpublicInformation by acting or causing others to act on it.
答案：是的，违反准则。分析师使用重大非公开信息影响他人决策。
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