- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 3. Guidance for Standards I-VII
- Subject 5. Standard II (A) Material Nonpublic Information
CFA Practice Question
An analyst examines many different pieces of nonpublic, nonmaterial information regarding a firm and comes to a significant conclusion. According to the ______ theory, the analyst can act on this conclusion.
B. misappropriation
C. mosaic
A. traditional
B. misappropriation
C. mosaic
Correct Answer: C
User Contributed Comments 2
| User | Comment |
|---|---|
| Yrazzaq88 | Duh :-) This should be a piece of cake by now. |
| raffrobb | Yahoo! Got it. |