CFA Practice Question

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CFA Practice Question

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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