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NEW QUESTION: 1
Michelieu tells a prospective client, "I may not have a long-term track record yet, but I'm sure that you'll be very pleased with my recommendations and service. In the three years that I've been in the business, my equity-oriented clients have averaged a total return of more than 26 percent a year." The statement is true, but Michelieu only has a few clients and one of his clients took a large position in a penny stock (against Michelieu's advice) and realized a huge gain. This large return caused the average of all of Michelieu's clients to exceed 26 percent a year. Without this one investment, the average gain would have been 8 percent a year.
Has Michelieu violated the Standards?
A. Yes, because his statements do not fairly and accurately reflect his track record.
B. Yes, because he did not consider the clients investment preferences when stating his performance.
C. No, because the 30% return is in fact a true record of Kent's performance.
Answer: A
Explanation:
Standard I (C) - Misrepresentation. Although Michelieu's statement regarding the total return of his client's accounts on average may be technically true, it is misleading because the majority of the gain resulted from one client's large position taken against Michelieu's advice. He has not taken steps to present a fair, accurate and complete presentation of performance. Even though he is not guaranteeing future results, his words are still a misrepresentation of performance. Not disclosing the risk preferences of clients does not make a statement misleading and is not a violation of the Standards in this context.
NEW QUESTION: 2
Note: This question is a part of a series of questions that presents the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have a Microsoft 365 subscription.
SharePoint administrators open several Microsoft support tickets.
You need to view the status of the support tickets.
Solution: You run the Get-SPOTenantLogEntry cmdlet.
Does this meet the goal?
A. Yes
B. NO
Answer: B
NEW QUESTION: 3
You develop a Python application for your company.
You need to accept input from the user and print that information to the user screen.
You have started with the following code. Line numbers are included for reference only.
Which code should you write at line 02?
A. input("name")
B. input(name)
C. name = input()
D. name = input
Answer: A
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PEGACPSA23V1 Exam Info
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