- CFA Exams
- CFA Exam: Level I 2021
- Study Session 1. Ethical and Professional Standards
- Reading 5. Global Investment Performance Standards (GIPS)
- Subject 3. The Nine Major Sections of the GIPS Standards
CFA Practice Question
______ creates defined boundaries whereby total firm assets can be determined.
B. Calculation methodology
C. Composite construction
A. Firm definition
B. Calculation methodology
C. Composite construction
Correct Answer: A
Firm definition is the foundation for firm-wide compliance.
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