- CFA Exams
- CFA Exam: Dec. 2020 Level 1
- Study Session 1. Ethical and Professional Standards
- Reading 1. Ethics and Trust in the Investment Profession
- Subject 3. Challenges to Ethical Conduct
CFA Practice Question
There are 361 practice questions for this study session.
A. the overconfidence bias
B. large financial rewards
C. loyalty to colleagues
People tend to overestimate the morality of their own behavior. Ethical employees may make poor ethical decisions when they are overconfident or do not understand the complexity of the issues.