CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Dixie Miller, CFA, heads the research department of a large brokerage firm. The firm has many analysts, some of whom are subject to CFA Institute's Code of Ethics and Standards of Professional Conduct. If Miller delegates some supervisory duties, which statement best describes her responsibilities under CFA Institute's Code and Standards?

A. Miller's supervisory responsibilities do not apply to those subordinates who are not subject to CFA Institute's Code and Standards.
B. Miller no longer has supervisory responsibility for those duties delegated to her subordinates.
C. Miller retains supervisory responsibility for all subordinates, despite her delegation of some duties.
Correct Answer: C

User Contributed Comments 3

User Comment
Shalva So, manager can delegate DUTIES, but RESPONSIBILITIES are all his (/hers)
JakeZ that just sound unfair
isalya This was clear
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