Ethical and Professional Standards

Standard VII(B) CFA References practice questions

Standard VII(B) CFA References is part of CFA Level I Ethical and Professional Standards. Ethics questions test judgment under the Code and Standards, especially duties to clients, employers, markets, and the CFA Program. Use this page to review the controlling ideas, then work through 3 questions with answer explanations and common traps.

Review the worked explanations before moving into adaptive practice. The app version can mix this topic with due reviews and weak related concepts.

Practice this topic

What to know

Identify the rule, formula, or decision criterion before reading the answer choices. CFA Level I distractors often use the right vocabulary with the wrong condition.

How to practice

Work each item under time pressure, then compare your reasoning with the step-by-step explanation and key takeaway.

Review signal

Missed questions should become scheduled reviews when the error comes from a concept gap, formula setup, or answer-choice trap.

Easy

Ethical and Professional Standards

Standard VII(B) CFA References

The most appropriate business card wording for a charterholder with active membership is:

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Moderate

Ethical and Professional Standards

Standard VII(B) CFA References

A candidate who passed Level I and registered for Level II writes, "CFA Level II candidate." This wording is most likely:

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Moderate

Ethical and Professional Standards

Standard VII(B) CFA References

A Level III candidate writes: 'As a CFA Level III candidate, I have superior investment skill versus advisers who have not advanced this far.' The statement is least appropriate because it:

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