Relationships with and Responsibilities to the Employer are dealt with under:
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A. B. C. D. E. F.D
Relationships with and Responsibilities to the Employer are dealt with under Standard III.
The question pertains to the CFA® Level 1 exam, specifically regarding the topic of relationships with and responsibilities to the employer. The answer to this question can be found in the CFA Institute's Code of Ethics and Standards of Professional Conduct.
The Code of Ethics and Standards of Professional Conduct is a comprehensive set of guidelines that CFA Institute members and candidates are required to adhere to. It outlines the ethical and professional responsibilities of investment professionals and promotes the highest standards of conduct in the financial industry.
To determine the correct answer, let's examine each option:
A. Standard II: Standard II of the Code of Ethics and Standards of Professional Conduct addresses the professional integrity of CFA Institute members and candidates. It focuses on the importance of maintaining independence and objectivity when providing investment analysis and recommendations to clients. Although it is an important standard, it does not specifically cover relationships with and responsibilities to the employer. Therefore, A is not the correct answer.
B. Standard I: Standard I of the Code of Ethics and Standards of Professional Conduct is titled "Professionalism" and deals with the fundamental principles that guide the behavior of CFA Institute members and candidates. It covers topics such as professional competence, diligence, and the duty to act in the best interests of clients. While it sets the foundation for ethical conduct, it does not directly address relationships with and responsibilities to the employer. Therefore, B is not the correct answer.
C. Standard V: Standard V of the Code of Ethics and Standards of Professional Conduct is titled "Investment Analysis, Recommendations, and Actions" and focuses on the responsibilities of CFA Institute members and candidates when conducting investment analysis and making recommendations. It emphasizes the importance of thorough research, diligent monitoring, and clear communication. However, it does not specifically address relationships with and responsibilities to the employer. Therefore, C is not the correct answer.
D. Standard III: Standard III of the Code of Ethics and Standards of Professional Conduct is titled "Duties to Clients" and deals with the obligations that CFA Institute members and candidates have towards their clients. It covers topics such as loyalty, prudence, and the fair treatment of clients. While it primarily focuses on client relationships, it also addresses the responsibilities to the employer in the context of loyalty and the duty to act in the best interests of the employer when conducting professional activities. Therefore, D is the correct answer.
E. None of these answers: This option suggests that none of the provided answers are correct. However, based on the explanations given above, it is clear that one of the provided answers is correct, namely D.
F. Standard IV: This option is not mentioned in the question. Therefore, F is not the correct answer.
In conclusion, the correct answer to the question is D. Relationships with and responsibilities to the employer are dealt with under Standard III of the CFA Institute's Code of Ethics and Standards of Professional Conduct.