CFA Level 1 - Ethics, Professional Standards, and GIPS QUESTIONS WITH COMPLETE SOLUTIONS
Stakeholders correct answers Individuals or groups of individuals who could be affected either directly or indirectly by a decision (Have a stake in decision) Ethics correct answers A set of moral principles and rules of conduct that provide guidance for our behavior Moral/ethical principles correct answers Beliefs about what is good, acceptable, obligatory, and what is bad, unacceptable, or forbidden Do moral/ethical principles pertain to yourself or others? correct answers Both Code of ethics correct answers -Written principles -Groups codification of beliefs about obligatory and forbidden conduct Standards of conduct correct answers Benchmarks for minimally acceptable behavior- clarifies code of ethics Profession correct answers Specialized skills and knowledge who serve others and agree to behave in accordance w/ a code of ethics What do most professions emphasize? correct answers -Ethical approach -Importance of good service -Empathy with the client What separates professions from tradespeople? correct answers -Licensed status and technical standards -Serve society How do professions establish trust? correct answ
Written for
- Institution
-
Liberty University
- Course
-
CFA
Document information
- Uploaded on
- March 17, 2023
- Number of pages
- 26
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- cfa level 1 ethics
- professional standards
-
and gips questions with complete solutions
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