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Basic Question 2 of 5

The CFA Institute Code and Standards are an example of ______ standards.

A. rule-based
B. principle-based
C. action-based

User Contributed Comments 0

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe the role of a code of ethics in defining a profession

describe professions and how they establish trust

describe the need for high ethical standards in investment management

explain professionalism in investment management

CFA® 2025 Level I Curriculum, Volume 6, Module 1.