CFA Practice Question

There are 361 practice questions for this study session.

In the consider phase, which factors should be considered?

I. Situational influences
II. Conflicts of interest
III. Alternative actions
Correct Answer: I and III

In the consider phase of ethical decision-making, you should consider:

  • Situational influences: Are outside pressures (such as conforming to the group or obeying authority) or internal biases (such as overconfidence) affecting your decision?
  • Alternative actions: Have you brainstormed multiple solutions and avoided a particular preconceived path?
  • Additional guidance: Have you sought the independent, objective assessment of other people to gain additional perspective?
Conflicts of interest should be ascertained in the identify phase.

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