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Framework for Ethical Decision-Making
A framework for ethical decision-making is defined as a set of principles established to aid investment professionals in conducting business with integrity. The CFA Institute has outlined six tenets of ethical behavior as outlined in LOS 1a.
Beyond understanding the six ethical considerations established by CFA, one must apply these principles through ethical analysis. It is important to recognize that ethical dilemmas are a normal and predictable part of most jobs. This realization will help increase the likelihood that you will notice and act on ethical issues before they become destructive.
Question 1
The credibility of a profession is deeply dependent on the trust of both the clients and the community at large. Which of the following is least likely to be a way of building trust by professions?
- Members’ engagement to nurture future professionalism
- Antagonistic competition among the members of a profession
- Continuous provision of educational resources to the members of a profession
Solution
The correct answer is B.
Competition is healthy in any other industry, but members of a profession do compete; they should respect each other rights, autonomy, and dignity. By doing this, the reputation of a profession is maintained.
Sergio Torrico
2021-07-23
Excelente para el FRM 2
Escribo esta revisión en español para los hispanohablantes, soy de Bolivia, y utilicé
AnalystPrep para dudas y consultas sobre mi preparación para el FRM nivel 2 (lo tomé una sola vez y aprobé muy bien), siempre tuve un soporte claro, directo y rápido, el material sale rápido cuando hay cambios en el temario de GARP, y los ejercicios y exámenes son muy útiles para practicar.
diana
2021-07-17
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2021-07-16
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2021-06-28
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2021-06-22
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2021-05-10
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2021-03-24
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2021-03-18
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