CFAlevel1-Mock-1131/45Questions1~18RelatetoEthics..................................................................................2Questions19~32RelatetoQuantitativeanalysis......................................................7Questions33~44RelatetoEconomics......................................................................13Questions45~68RelatetoFinancialStatementAnalysis.......................................17Questions69~76RelatetoCorporatefinance.........................................................28Questions77~88RelatetoEquityinvestment........................................................31Questions89~94RelatetoDerivatives.....................................................................35Questions95~106RelatetoFixed-incomeAnalysis................................................37Questions107~110RelatetoAlternativeInvestments............................................41Questions111~120RelatetoPortfolioManagement.............................................43CFAlevel1-Mock-1132/45Questions1~18RelatetoEthics1.Correctanswer:C.UnderStandardIII(B)-FairDealing,membersandcandidatesshoulddisclosetoclientsandprospectiveclientshowtheyselectaccountstoparticipateinandhowtheydeterminetheamountofsecuritieseachaccountwillbuyorsell.Tradeallocationproceduresmustbefairandequitable,anddisclosureofinequitableallocationmethodsdoesnotrelievethememberorcandidateofthisobligation.Alldiscretionaryaccountsshouldbetreatedinthesamemanner.Treatingneweraccountsdifferentlywouldbeconsideredinequitableregardlessofwhetherthispolicyisdisclosed.CFALevelI"GuidanceforStandardsI-VII,"CFAInstituteStandardIII(B)2.Correctanswer:B.Membersshoulddiscloseallmattersthatreasonablycouldbeexpectedtoimpairthemember'sobjectivityasoutlinedinStandardI(B),andStandardVI(A).CFALevelI"GuidanceforStandardsI-VII,"CFAInstituteStandardI(B),StandardVI(A)3.Correctanswer:C.Althoughdepartingemployeesmaynottakeemployerpropertywhendeparting,astheguidanceforStandardIV(A)–Loyaltyoutlines,themodelPiedmontpresent...
