- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 4. Introduction to the Global Investment Performance Standards (GIPS)
- Subject 2. The Key Concepts of the GIPS Standards
CFA Practice Question
______ creates defined boundaries whereby total firm assets can be determined.
B. Calculation methodology
C. Composite construction
A. Firm definition
B. Calculation methodology
C. Composite construction
Correct Answer: A
Firm definition is the foundation for firm-wide compliance.
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