- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 3. Guidance for Standards I-VII
- Subject 12. Standard IV (A) Loyalty
CFA Practice Question
Standard IV (A) requires members and candidates to ______.
II. subordinate important personal and family obligations to their work
I. place employer interests ahead of personal interest in all matters
II. subordinate important personal and family obligations to their work
Correct Answer: Neither of these statements is true.
Members and candidates should talk to their employers about balancing personal and employment obligations.
User Contributed Comments 9
| User | Comment |
|---|---|
| saltnvinegar | good ques! |
| BMurphy | II. is only true if you're an investment banker. |
| alyl21 | I) In all matters - This is too absolute II)This is ridiculous |
| epiziL2 | The key word in I is ALL,you may be striking a reasonble balance between personal interest and employer but, come on, not everything is place behind employers interest!!! |
| kforcfa | both are true but none admits. |
| JakeZ | hahaha |
| johntan1979 | Yup, unfortunately. Anyone not submitting to I and II will be by-passed in the next promotion period. I should add III: Learn to lick your bosses shoes |
| ldfrench | II is true for those studying for the CFA exams |
| marianne1 | In all matters - to aboslute |