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Basic Question 7 of 15
The "mosaic theory" holds that ______
B. an analyst should use all available and relevant information in support of an investment recommendation.
C. an analyst should distinguish between facts and opinions in research reports.
A. an analyst can use material public information or nonmaterial nonpublic information in his analysis.
B. an analyst should use all available and relevant information in support of an investment recommendation.
C. an analyst should distinguish between facts and opinions in research reports.
User Contributed Comments 13
| User | Comment |
|---|---|
| kalps | read the answers properly next time |
| Mavizo | I know exactly what you mean!!! Just did the same mistake!! |
| Ioannis | Made exactly the same mistake. |
| ggupta | Same as above. This is tricky |
| epiziL2 | Mosaic Theory:Remember that Material-public Non material-non publc Non material-Public |
| mrushdi | GOOD QUESTION ,SAME MISTAKE |
| Gleeder | Looks like the key is distinguishing between "can" vs. "should" in the answer choices. |
| bantoo | same mistake! duds |
| kahh | The best thing is to read the question and/or choices 3 times to fully understand them to note subtle changes in fact. |
| gill15 | Im still missing something. I thought you can only use non-material non public information when used in conjunction with material public information? You cant use one or the other. Or is the question solely about the wording. That both are an option when mosaic is used? |
| gulfa99 | yep same mistake, we all are in a rush to finish 120 questions in 3 hours...:) |
| raffrobb | Yahoo got it right...almost picked B |
| Inaganti6 | HAHA I GOT IT RIGHT AND YOU ALL GOT IT WRONG AHAHA. HAHAHA.HAHAHAHAHAH |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.