- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 3. Guidance for Standards I-VII
- Subject 14. Standard IV (C) Responsibilities of Supervisors
CFA Practice Question
Dixie Miller, CFA, heads the research department of a large brokerage firm. The firm has many analysts, some of whom are subject to CFA Institute's Code of Ethics and Standards of Professional Conduct. If Miller delegates some supervisory duties, which statement best describes her responsibilities under CFA Institute's Code and Standards?
B. Miller no longer has supervisory responsibility for those duties delegated to her subordinates.
C. Miller retains supervisory responsibility for all subordinates, despite her delegation of some duties.
A. Miller's supervisory responsibilities do not apply to those subordinates who are not subject to CFA Institute's Code and Standards.
B. Miller no longer has supervisory responsibility for those duties delegated to her subordinates.
C. Miller retains supervisory responsibility for all subordinates, despite her delegation of some duties.
Correct Answer: C
User Contributed Comments 3
| User | Comment |
|---|---|
| Shalva | So, manager can delegate DUTIES, but RESPONSIBILITIES are all his (/hers) |
| JakeZ | that just sound unfair |
| isalya | This was clear |