{"id":51943,"date":"2024-03-13T05:59:02","date_gmt":"2024-03-13T05:59:02","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=51943"},"modified":"2026-02-25T13:25:32","modified_gmt":"2026-02-25T13:25:32","slug":"framework-for-ethical-decision-making","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/ethical-and-professional-standards\/framework-for-ethical-decision-making\/","title":{"rendered":"Framework for Ethical Decision-Making"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"QAPage\",\n  \"mainEntity\": {\n    \"@type\": \"Question\",\n    \"name\": \"Which is least likely to build trust within a profession?\",\n    \"text\": \"The credibility of a profession depends on the trust of clients and the community. Which of the following is least likely to build trust within a profession?\\n\\nA. Members\u2019 engagement to nurture future professionalism.\\n\\nB. Antagonistic competition among members of a profession.\\n\\nC. Continuous provision of educational resources to members of a profession.\",\n    \"answerCount\": 1,\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The correct answer is B. Antagonistic competition among members does not build trust and may harm the profession\u2019s reputation. Trust is strengthened through professional engagement, mutual respect, and the continuous development of members through education.\"\n    }\n  }\n}\n<\/script>\n\n\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/-yo3RTBtqqg\" width=\"611\" height=\"343\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>Framework for Ethical Decision-Making<\/h2>\n<p data-tadv-p=\"keep\">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.<\/p>\n<p data-tadv-p=\"keep\">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.\u00a0 This realization will help increase the likelihood that you will notice and act on ethical issues before they become destructive.<\/p>\n<blockquote>\n<h2>Question 1<\/h2>\n<p data-tadv-p=\"keep\">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 <em>least likely <\/em>to be a way of building trust by professions?<\/p>\n<ol style=\"list-style-type: upper-alpha;\">\n<li data-tadv-p=\"keep\"><em>Members\u2019 engagement to nurture future professionalism<\/em><\/li>\n<li data-tadv-p=\"keep\"><em>Antagonistic competition among the members of a profession<\/em><\/li>\n<li data-tadv-p=\"keep\"><em>Continuous provision of educational resources to the members of a profession<\/em><\/li>\n<\/ol>\n<p data-tadv-p=\"keep\"><strong>Solution<\/strong><\/p>\n<p data-tadv-p=\"keep\">The correct answer is <strong>B.<\/strong><\/p>\n<p data-tadv-p=\"keep\">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.<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-51943","post","type-post","status-publish","format-standard","hentry","category-ethical-and-professional-standards","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethical Decision-Making Framework | CFA Level 1<\/title>\n<meta name=\"description\" content=\"Learn how to apply CFA\u2019s ethical principles using a structured framework for ethical decision-making in finance and investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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