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Basic Question 4 of 6
Which of the following elements of the Code encourages use of independent professional judgment?
B. Competence
C. Reasonable Care
A. Professionalism
B. Competence
C. Reasonable Care
User Contributed Comments 31
| User | Comment |
|---|---|
| kalps | Got this wrong, independent professional judgement is encouraged by the 'Reasonable Care' code of conduct |
| lzz326 | i took b and got wrong |
| sharon | I took b as well. |
| cdc73 | I took A; i understood indipendece in judgement like moral approach so i thought A the right answer. |
| charlie888 | I looked it up in the Bible, God said it was C. |
| Haiqing | A is not correct. "professinal" means having or showing great skill.and also can be seem expert. this word is foreign to "independent". |
| bghaendler | An, why C? I think that the correct answer is A, so, it's ambiguous? |
| Bun121 | Quite hard this one, couldn't be sure at first. But "judgement" often need to be used in areas where there is no clear cut answer/standard practice so C - reasonable care |
| mtcfa | There's no tricks here. read the code verbatim, and the area that addresses reasonable care specifically mentions independent professional judgement. |
| biya | it was obvious that the exercing reasonable care one has to exercise profeswsional judgment |
| kit8 | This question definitely is a trap in the exam. So becare guys |
| naldo318 | I agree. I chose A as well. |
| danlan2 | Read "reasonable care" again. |
| ruth | i'm correct 'cuz key word reasonable care |
| Swetha | Like Ruth, I picked C because of the word reasonable care. But I agree, it is an ambiguous question. |
| patho | wow!! I went for B but got it wrong |
| sergashev | A would be correct if it asked as an element of Standard. |
| jainrajeshv | Member and Candidate must use reasonable care and judgement to achieve and maintain independence and objectivity. |
| TammTamm | The first time I reviewed these questions I answered A but now since I'm reviewing again I know the answer is C. (reasonable care) |
| Shalva | Well that's interesting question, one should really learn the Code statements to answer correctly |
| kforcfa | so independent professional judjement can be achieved only if you execise reasonable care |
| geok | easy but tricky |
| razintaz | got it right! nvr compare options..! it inspires only doubt! |
| sbmutasa | the keyword is 'element' so know that A is a standard |
| bantoo | I put A and got wrong. This is tricky and subjective. When you take reasonable care in any investment action you must take independent professional judgment. Understand it reverse when your actions are not independent can you take professional judgment neither you can take reasonable care. |
| gulfa99 | guys this one is easy too.. |
| gill15 | its not easy...its just straight memorization...they really want you to memorize this section.. |
| japheth | To me, I got the correct answer at first instance- C. It is there in the code of ethics. |
| DariSH | It's not A. because PROFESSIONALISM is a part of standards, not code. It's C, because reasonable care and judgement ALWAYS go hand in hand everywhere in the ethics material. Here's also a tip: when it starts with a noun - it's a standard. When it starts with a verb, as in "use of independent professional judgement" - it's a code. |
| ABHAYGUPTA | CFA SEEMS TO BE VERY EASY TILL DATE |
| joeclark | 3rd bullet - use reasonable care and exercise independent professional judgment |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
identify the six components of the Code of Ethics and the seven Standards of Professional Conduct
CFA® 2024 Level I Curriculum, Volume 6, Module 2.