- 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 2. Ethics and Professionalism
CFA Practice Question
There are 361 practice questions for this study session.
The CFA Institute Code and Standards are an example of ______ standards.
B. principle-based
C. action-based
A. rule-based
B. principle-based
C. action-based
Correct Answer: B
Principle-based standards apply to all members of the community or organization at all times.