Which of the Following Are Guiding Principles for Ethical Behavior

question 25

Multiple Choice

Which of the following are guiding principles for ethical behavior in the asset management industry as put forward by the CFA Center for Financial Market Integrity?

• A) The interests of investment professional come first.
• B) The preferred method for promoting fair and efficient markets is to set up a central oversight board.
• C) Financial markets in various countries should develop high-quality standards for reporting financial information that reflect local customs.
• D) Financial statements should be reported from the perspective of firm shareholders.
• E) All of these are correct.

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Definitions:

Fixed-Interval

A reward system where the initial response is only recognized and rewarded after a certain time period has elapsed.

Reinforcement Schedule

The pattern or timing of delivery of rewards or punishments that influences the rate and strength of a behavior in learning.

Lottery Numbers

Randomly selected numbers used in games of chance for the purpose of winning prizes.

Fixed-Ratio Schedule

A reinforcement schedule in behavior analysis where a response is reinforced only after a specified number of responses have been made.