题目内容

Which of the following is least likely to be considered a stated goal of the International Accounting Standards Board (IASB)（）

A. Develop global accounting standards requiring transparency, comparability, and high quality in financial statements.
B. Remain neutral in the debate on the use of global accounting standards to avoid appearance of a conflict of interest.
C. Account for the needs of emerging markets and small firms when implementing global accounting standards.

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Which reason for purchasing U. S. Treasury securities is least valid（）

A. Coupon strips synthesize a zero-coupon bond.
B. Treasury-bonds are available in maturities of two years to nearly 30 years.
C. Treasury Inflation Protection Securities (TIPS) raise their principal value to adjust for inflation.

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Which of the following statement concerning about the probability concepts is TRUE（）

A joint probability is the probability that two or more events happen concurrently.
B. Subjective probability is a probability drawing on observation.
C. A random variable is a quantity whose outcomes are certain.

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Harry, the Hotshot, salesman got a tip from his brother about Kansas Power Tools (KPT). He sees that his company’s research department has a sell rating on KPT, and says, "I know better." He reads the annual report, taking notes and marking it "BUY-takeover target (Analyst’s rating is sell). If the recommends the stock to his clients, Harry:（）

A. has violated the code because the analyst has a sell rating.
B. has violated the code because he has not done sufficient research, including meeting management and comparing the company to others in its industry.
C. is not in violation of the code.

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Bob Smith, CFA, is an outside board member of Atlantic Technologies, but is not paid by the firm for his services. An employee at Atlantic informs Smith that Atlantic has improperly timed the booking of contracts to achieve the desired quarterly financial results. The misleading financial statements would turn losses into profits. Smith confers with the firm’s legal counsel who indicates that this conduct is, in fact, illegal. Smith urges Sharon White, Atlantic’s chief operating executive, to change the financial statements, but she refuses to do so. According to CFA Institute Standards of Professional Conduct, which of the following statements best describes what Smith should do in this situation （）

A. Smith should immediately make CFA Institute aware of the situation at Atlantic.
B. Smith should wait until the next board meeting, which is scheduled in two weeks, to make other board members aware of the situation.
C. Smith should promptly disassociate himself from Atlantic’s actions by resigning as a director or by reporting the activities to the appropriate authorities.

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