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NEW QUESTION: 1
When an investment manager's client instructs the manager to use the client's brokerage to purchase goods or services for the client, this is known as:
A. horizontal brokerage and violates the manager's fiduciary duty.
B. directed brokerage and violates the manager's fiduciary duty.
C. horizontal brokerage and does not violate any fiduciary duty.
D. directed brokerage and does not violate any fiduciary duty.
E. straight brokerage and violates the manager's fiduciary duty.
F. straight brokerage and does not violate any fiduciary duty.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
When an investment manager's client instructs the manager to use the client's brokerage to purchase goods or services for the client, this is known as directed brokerage. Because brokerage is an asset of the client and the brokerage is used to benefit that client, not the manager, such practice does not violate fiduciary duty.
NEW QUESTION: 2
Determine which of the following is the Maclaurin expansion (up to the second order term) of: e2x
A)
B)
C)
D)
A. Option A
B. Option C
C. Option D
D. Option B
Answer: C
NEW QUESTION: 3
Which of the following is a canon of the (ISC)2 Code of Ethics?
A. Provide diligent and competent service to principals.
B. Cooperate with others in the interchange of knowledge and ideas for mutual security.
C. Integrity first, association before serf, and excellence in all we do
D. Perform all professional activities and duties in accordance with aM applicable laws and the highest ethical standards.
Answer: A
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