- CFA Exams
- CFA Exam: Dec. 2020 Level 1
- Study Session 1. Ethical and Professional Standards
- Reading 3. Guidance for Standards I-VII
- Subject 3. Standard I (C) Misrepresentation
CFA Practice Question
There are 361 practice questions for this study session.
A. Brown must credit both Dixon for having developed the original model and Standard & Poor's as the source of the data.
B. Brown must credit Dixon for having developed the original model, but he need not credit Standard & Poor's as the source of the data.
C. Brown must credit Standard & Poor's as the source of the data, but he need not credit Dixon for having developed the original model.
User Contributed Comments 8You need to log in first to add your comment.
b is right because standard & poor's is one of the recognized financial and statistical reporting services and so brown need not credit std & poor's as the source of the data.
I agree with Ashvini.
Data like historical stock prices can be found anywhere (Bloomberg, Yahoo, S&P, etc,...). The are just fact no one can claim intellectual ownership for. However if you directly copy some charts into your reports from e.g. Bloomberg, it would be professional to mention the source.
A is also right because it doesn't hurt to also credit s&p as a source
A is not correct because though it doesn't hurt to credit s&p as a source this is not required and the questions clearly asks for actions required
@raok haha i like how you choose which answer *should* be right. If the world worked like that what's the point of even studying for the CFA. Just add the designation to your name because you know what PE Ratios are and what capital flight is and what a balance sheet looks like. lol.
Wasn't he supposed to ask Dixon for permission to use the model? Specially since he only modified it SLIGHTLY
*sigH* some people. @ RAOK. IT SAYS MUST. Crediting statistical and factual reporting services that are well-known is NOT A MUST.