CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

The "mosaic theory" holds that ______

A. an analyst can use material public information or nonmaterial nonpublic information in his analysis.
B. an analyst should use all available and relevant information in support of an investment recommendation.
C. an analyst should distinguish between facts and opinions in research reports.
Correct Answer: A

User Contributed Comments 13

User Comment
kalps read the answers properly next time
Mavizo I know exactly what you mean!!! Just did the same mistake!!
Ioannis Made exactly the same mistake.
ggupta Same as above. This is tricky
epiziL2 Mosaic Theory:Remember that
Material-public
Non material-non publc
Non material-Public
mrushdi GOOD QUESTION ,SAME MISTAKE
Gleeder Looks like the key is distinguishing between "can" vs. "should" in the answer choices.
bantoo same mistake! duds
kahh The best thing is to read the question and/or choices 3 times to fully understand them to note subtle changes in fact.
gill15 Im still missing something. I thought you can only use non-material non public information when used in conjunction with material public information?

You cant use one or the other.

Or is the question solely about the wording. That both are an option when mosaic is used?
gulfa99 yep same mistake, we all are in a rush to finish 120 questions in 3 hours...:)
raffrobb Yahoo got it right...almost picked B
Inaganti6 HAHA I GOT IT RIGHT AND YOU ALL GOT IT WRONG AHAHA. HAHAHA.HAHAHAHAHAH
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