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NEW QUESTION: 1
Felix Asterix is a shrewd industry analyst working for Obelix, Inc., a brokerage firm of some repute. Asterix had invested about $50,000 in a few stocks trading on the Australian exchange a year ago. Obelix itself is not active outside the US and Asterix's transactions do not represent any violations of the company policies. One of the Australian firms whose shares Asterix holds recently applied for a dual listing on the NYSE and will begin trading in the US in a month. Asterix has advised in his recent research reports that investors would be well-off investing in this dual-listed stock. He does not reveal his holdings in the Australian stock. Felix has:
I. not violated the AIMR standard since his transactions took place long before the dual listing and he is not obligated to reveal his personal holdings.
II. violated Standard III (C) - Disclosure of Conflicts to Employer.
III. violated Standard IV (A.3) - Independence and Objectivity.
IV. violated Standard IV (B.7) - Disclosure of Conflicts to Clients and Prospects.
A. II and IV only
B. II and III only
C. I only
D. II, III and IV only
Answer: D
Explanation:
Explanation/Reference:
Explanation:
This is a classic case of potential conflict and appearance of conflict of interests. Indeed, this kind of situation is so common that it is covered by multiple AIMR standards of ethics. Asterix, as an investment advisor and analyst, should be extremely careful about any potential conflicts of interest that might be perceived as affecting the objectivity of his judgment. Clearly, his substantial Australian holdings, while not in violation of company policies when purchased, are a source of bias now that the stock is trading in the US. Felix must discuss the situation with the Compliance Department at Obelix, Inc. and if he receives the permission to continue holding the stock, should reveal his vested interests to all his potential clients. This ensures that there is no perception of unfair bias and lack of objectivity in his investment recommendations.
NEW QUESTION: 2
An administrator wants to enhance data analysis by adding extended dimensions to the Controller application (for example, torepresent the products that the company sells). What is the maximum number of levels for extended dimensions that the administrator can add to the system?
A. 0
B. 1
C. 2
D. 3
Answer: A
NEW QUESTION: 3
CORRECT TEXT
Describe some situations where you might use the Developer Console or the Debug log to
troubleshoot automated actions.
Answer:
Explanation:
A workflow field update doesn't seem to be taking place: The field update may be
working, but an Apex trigger may be overwriting the update. A record submitted for approval is not
routed to the expected user: If there are multiple approval processes on a single object, users'
record may be meeting the criteria for both, and the order may need to be changed.
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