- CFA Exams
- CFA Exam: Level I 2021
- Study Session 1. Ethical and Professional Standards
- Reading 1. Ethics and Trust in the Investment Profession
- Subject 2. Ethics and Professionalism
CFA Practice Question
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.
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