CFA I (1-200)

Question 1

embark

[ɪm’bɑːk]

You are embarking on a program noted for its high ethical standards and the breadth of knowledge, skills, and abilities it develops.

Answer 1

*гл. *вступать

Question 2

breadth

[bredθ]

You are embarking on a program noted for its high ethical standards and the breadth of knowledge, skills, and abilities it develops.

Answer 2

*сущ. *ширина

Question 3

credential

[krɪ’den(t)ʃ(ə)l]

The credential you seek is respected around the world as a mark of accomplish­ment and dedication.

Answer 3

сущ. амер. аттестат

Question 4

**accomplish­ment **

[ə’kɔmplɪʃmənt]

The credential you seek is respected around the world as a mark of accomplish­ment and dedication.

Answer 4

*сущ. * достижение

Question 5

dedication

[ˌdedɪ’keɪʃ(ə)n]

The credential you seek is respected around the world as a mark of accomplish­ment and dedication.

Answer 5

*сущ. *самоотверженность

Question 6

prestigious

[pres’tɪʤəs]

Successful completion of the program is rewarded with membership in a prestigious global community of investment professionals.

Answer 6

*прил. * престижный

Question 7

outline

[‘autlaɪn]

A broad topic outline that lists the major top-level topic areas (CBOK Topic Outline)

Answer 7

*сущ. *очертание

Question 8

**collaborative **

[kə’læb(ə)rətɪv]

Using the Global Body of Investment Knowledge (GBIK) collaborative website, CFA Institute performs a continuous practice analysis with investment professionals around the world.

Answer 8

*прил. * совместный

Question 9

reinforce

[ˌriːɪn’fɔːs]

*Regional expert panels and targeted surveys are conducted annually to verify and reinforce the continuous feedback from the GBIK collaborative website. *

Answer 9

*гл. * усиливать

Question 10

generalist

[‘ʤen(ə)r(ə)lɪst]

These competencies are used in practice in a generalist context and are expected to be demonstrated by a recently qualified CFA charterholder.

Answer 10

*сущ. * универсал

Question 11

emphasize

[‘emfəsaɪz]

As you structure your personal study program, you should emphasize mastery of the CBOK and the practical application of that knowledge.

Answer 11

*гл. * акцентировать

Question 12

**curriculum **

[kə’rɪkjələm]

The Level I CFA Program curriculum is organized into 10 topic areas.

Answer 12

*сущ. *учебный план

Question 13

accompany

[ə’kʌmpənɪ]

*When an optional segment begins, you will see text and a dashed vertical bar in the outside margin that will continue until the optional segment ends, accompanied by another icon. *

Answer 13

*гл. * сопровождать

Question 14

margin

[‘mɑːʤɪn]

The wide margins in each volume provide space for your note-taking.

Answer 14

сущ. ** поле **(страницы)

Question 15

comprehensive

[ˌkɔmprɪ’hen(t)sɪv]

For your convenience, we have printed a comprehensive glos­sary in each volume.

Answer 15

*прил. *исчерпывающий

Question 16

denote

[dɪ’nəut]

*Throughout the curriculum, a bolded word in a reading denotes a term defined in the glossary. *

Answer 16

*гл. *означать

Question 17

approach

[ə’prəuʧ]

An orderly, systematic approach to examination preparation is crit­ical.

Answer 17

*сущ. *подход

Question 18

dedicate

[‘dedɪkeɪt]

You should dedicate a consistent block of time every week to reading and studying.

Answer 18

*гл. *посвящать

Question 19

consistent

[kən’sɪst(ə)nt]

You should dedicate a consistent block of time every week to reading and studying.

Answer 19

*гл. *сообразный

Question 20

errata

[eʹrɑ:tə]

*Curriculum errata are period­ically updated and posted on the study session page at www.cfainstitute.org. *

Answer 20

*сущ. лат. *опечатка

Question 21

undoubtedly

[ʌn’dautɪdlɪ]

You will undoubtedly adjust your study time to conform to your own strengths and weaknesses, and your educational and professional background.

Answer 21

*нареч. *несомненно

Question 22

conform

[kən’fɔːm]

You will undoubtedly adjust your study time to conform to your own strengths and weaknesses, and your educational and professional background.

Answer 22

*гл. *соответствовать

Question 23

ample

[‘æmpl]

You should allow ample time for both in-depth study of all topic areas and additional concentration on those topic areas for which you feel least prepared.

Answer 23

*прил. *достаточный

Question 24

assess

[ə’ses]

*The CFA Institute topic-based question bank is intended to assess your mastery of individual topic areas as you progress through your studies. *

Answer 24

*гл. *оценивать

Question 25

**mimic** ## Footnote ['mɪmɪk] *In response to candidate requests, CFA Institute has developed mock examinations that _mimic_ the actual CFA examinations not only in question format and level of difficulty, but also in length and topic weight. *

Answer 25

*гл. ***имитировать**

Question 26

**numerous** ## Footnote ['njuːm(ə)rəs] *After you enroll in the CFA Program, you may receive _numerous_ solicitations for preparatory courses and review materials.*

Answer 26

*прил. ***многочисленный**

Question 27

**solicitation** ## Footnote [səˌlɪsɪ'teɪʃ(ə)n] *After you enroll in the CFA Program, you may receive numerous _solicitations_ for preparatory courses and review materials.*

Answer 27

*сущ. ***настойчивая просьба**

Question 28

**supersede** ## Footnote [ˌs(j)uːpə'siːd] *Some of the concepts in the study sessions may be _superseded_ by updated rulings and/or pronouncements issued after a reading was published. *

Answer 28

*гл. ***замещать**

Question 29

**rulings** ## Footnote ['ruːlɪŋ] *Some of the concepts in the study sessions may be superseded by updated _rulings_ and/or pronouncements issued after a reading was published. *

Answer 29

*сущ. ***постановление**

Question 30

**pronouncement** ## Footnote [prəʹnaʋnsmənt] *Some of the concepts in the study sessions may be superseded by updated rulings and/or _pronouncements_ issued after a reading was published. *

Answer 30

*сущ. ***заявление**

Question 31

**rigorous** ## Footnote ['rɪg(ə)rəs] *At CFA Institute, we are committed to delivering a comprehensive and _rigorous_ curriculum for the development of competent, ethically grounded investment pro­fessionals. *

Answer 31

*прил. ***скрупулезный**

Question 32

**assured ** ## Footnote [ə'ʃuəd] *You can be _assured_ that we will con­tinue to listen to your suggestions. *

Answer 32

*прил. ***уверенный**

Question 33

**upon** ## Footnote [əʹpɒn] *The guidance expands _upon_ the purpose and scope of each standard, presents recommended procedures for compliance, and provides examples of the standard in practice.*

Answer 33

*сущ. ***на основании**

Question 34

**scope** ## Footnote [skəup] *The guidance expands upon the purpose and _scope_ of each standard, presents recommended procedures for compliance, and provides examples of the standard in practice.*

Answer 34

*сущ.* **рамки**

Question 35

**facilitate** ## Footnote [fə'sɪlɪteɪt] *The Global Investment Performance Standards (GIPS) _facilitate_ efficient compar­ison of investment performance across investment managers and country borders by prescribing methodology and standards that are consistent with a clear and honest presentation of returns. *

Answer 35

*гл. ***способствовать**

Question 36

**prescribe** ## Footnote [prɪsˈkraɪb] *The Global Investment Performance Standards (GIPS) facilitate efficient compar­ison of investment performance across investment managers and country borders by _prescribing_ methodology and standards that are consistent with a clear and honest presentation of returns. *

Answer 36

*сущ. ***предписывать**

Question 37

**ambiguous** ## Footnote [æm'bɪgjuəs] *Having a global standard for reporting investment performance to prospective clients minimizes the potential for _ambiguous_ or misleading presentations.*

Answer 37

*прил. ***двусмысленный**

Question 38

**misleading** ## Footnote [mɪs'liːdɪŋ] *Having a global standard for reporting investment perfor­mance to prospective clients minimizes the potential for ambiguous or _misleading_ presentations.*

Answer 38

*прил. ***вводящий в заблуждение**

Question 39

**grapple** ## Footnote ['græpl] *The Standards of Practice Handbook provides guidance to the people who _grapple_ with real ethical dilemmas in the investment profession on a daily basis.*

Answer 39

*гл. ***сцепиться**

Question 40

**intersection** ## Footnote [ˌɪntə'sekʃ(ə)n] *The Handbook addresses the professional _intersection_ where theory meets practice and where the concept of ethical behavior crosses from the abstract to the concrete.*

Answer 40

*сущ. ***пересечение**

Question 41

**diverse** ## Footnote [daɪ'vɜːs] *The Handbook is intended for a _diverse_ and global audience.*

Answer 41

*прил. ***различный**

Question 42

**navigate** ## Footnote ['nævɪgeɪt] *CFA Institute members _navigating_ ambiguous ethical situations.*

Answer 42

*гл. ***управлять**

Question 43

**determining** ## Footnote [dɪ'tɜːmɪnɪŋ] *Supervisors and direct/indirect reports _determining_ the nature of their responsibilities to each other, to existing and poten­tial clients, and to the broader financial markets.*

Answer 43

*прил. *** определяющий**

Question 44

**mettle** ## Footnote ['metl] *Recent events in the global financial markets have tested the ethical _mettle_ of financial market participants, including CFA Institute members. *

Answer 44

*сущ. ***отвага**

Question 45

**abide** ## Footnote [ə'baɪd] *The standards taught in the CFA Program and by which CFA Institute members and candidates must _abide_ represent timeless ethical principles and professional conduct for all market conditions. *

Answer 45

*гл. ***оставаться верным**

Question 46

**adherence** ## Footnote [əd'hɪər(ə)n(t)s] *Through _adherence_ to these standards, which continue to serve as the model for ethi­cal behavior in the investment professional globally, each market participant does his or her part to improve the integrity and efficient operations of the financial markets.*

Answer 46

*сущ. ***приверженность**

Question 47

**integrity** ## Footnote [ɪn'tegrətɪ] *Through adherence to these standards, which continue to serve as the model for ethi­cal behavior in the investment professional globally, each market participant does his or her part to improve the _integrity_ and efficient operations of the financial markets.*

Answer 47

*сущ. ***честность**

Question 48

**interconnectedness** *The Handbook provides guidance in understanding the _interconnectedness_ of the principles and provisions of the Code of Ethics and Standards of Professional Conduct (Code and Standards).*

Answer 48

*сущ. ***взаимосвязанность**

Question 49

## Footnote **capture** ['kæpʧə] *However, applying **the principles individually may not _capture_ the complexity of ethical requirements related to the investment industry. *

Answer 49

*сущ. ***охватывать**

Question 50

**interpret** ## Footnote [ɪn'tɜːprɪt] *The Code and Standards should be viewed and _interpreted_ as an interwoven tapestry of ethical requirements. *

Answer 50

*гл. ***интерпретировать**

Question 51

**interwoven** *The Code and Standards should be viewed and interpreted as an _interwoven_ tapestry of ethical requirements. *

Answer 51

*прил. ***вплетенный**

Question 52

**tapestry** ## Footnote [ʹtæpıstrı] *The Code and Standards should be viewed and interpreted as an interwoven _tapestry_ of ethical requirements. *

Answer 52

*сущ. ***ткань гобелены**

Question 53

**revise** ## Footnote [rɪ'vaɪz] *CFA Institute has _revised_ the language of the Code and Standards and occasionally added a new standard to address a prominent issue of the day. *

Answer 53

*гл. ***исправлять**

Question 54

**occasionally** ## Footnote [ə'keɪʒ(ə)n(ə)lɪ] *CFA Institute has revised the language of the Code and Standards and _occasionally_ added a new standard to address a prominent issue of the day. *

Answer 54

*нареч. ***периодически**

Question 55

**prominent** ## Footnote ['prɔmɪnənt] *CFA Institute has revised the language of the Code and Standards and occasionally added a new standard to address a _prominent_ issue of the day. *

Answer 55

*прил. ***бросающийся в глаза**

Question 56

**clarify** ## Footnote ['klærɪfaɪ] *The revisions were intended to clarify the requirements of the Code and Standards and effectively convey to its global membership what constitutes “best practice” in a number of areas relating to the investment profession.*

Answer 56

*гл.* **прояснить**

Question 57

**convey** ## Footnote [kən'veɪ] *The revisions were intended to clarify the requirements of the Code and Standards and effectively _convey_ to its global membership what constitutes “best practice” in a number of areas relating to the investment profession.*

Answer 57

*гл. ***передавать**

Question 58

**undertaken** ## Footnote [ˌʌndə'teɪk] *CFA Institute strongly believes that revisions of the Code and Standards are not _undertaken_ for cosmetic change but to add value by addressing legitimate concerns and improving comprehension.*

Answer 58

*гл. ***предпринимать**

Question 59

**legitimate concern** ## Footnote [lɪˈʤɪtɪmɪt kən'sɜːn] *CFA Institute strongly believes that revisions of the Code and Standards are not undertaken for cosmetic change but to add value by addressing _legitimate concerns_ and improving comprehension.*

Answer 59

*гл.* **обоснованное опасение**

Question 60

**far-reaching** ## Footnote [ˌfɑː'riːʧɪŋ] *Changes to the Code and Standards have _far-reaching_ implications for the CFA Institute membership, the CFA Program, and the investment industry as a whole. *

Answer 60

*прил. ***далеко идущий**

Question 61

**implication** ## Footnote [ˌɪmplɪ'keɪʃ(ə)n] *Changes to the Code and Standards have far-reaching _implications_ for the CFA Institute membership, the CFA Program, and the investment industry as a whole. *

Answer 61

*сущ. ***значение**

Question 62

**adhere** ## Footnote [əd'hɪə] *CFA Institute members and candidates are required to _adhere_ to the Code and Standards.*

Answer 62

*гл. ***придерживаться**

Question 63

**conjunction** ## Footnote [kən'ʤʌŋkʃ(ə)n] *The periodic revisions to the Code and Standards have come in _conjunction_ with updates of the Standards of Practice Handbook.*

Answer 63

*гл. ***сцепление** in conjunction with — в сочетании с

Question 64

**violation** ## Footnote [ˌvaɪə'leɪʃ(ə)n] *The sections discuss and amplify each standard and suggest procedures to prevent _violations_.*

Answer 64

*сущ.* **нарушение**

Question 65

**designation** ## Footnote [ˌdezɪg'neɪʃ(ə)n] *Unless otherwise stated, individuals in each example are CFA Institute members and holders of the CFA _designation_.*

Answer 65

*сущ. ***обозначение**

Question 66

**urge** ## Footnote [ɜːʤ] *Members are strongly _urged_ to discuss with their supervisors and legal and compliance departments the content of the Code and Standards and the members' general obligations under the Code and Standards.*

Answer 66

*гл. ***побуждать**

Question 67

**contingency ** ## Footnote [kən'tɪnʤ(ə)n(t)sɪ] *This section cannot cover every _contin­gency_ or circumstance, however, and it does not attempt to do so. *

Answer 67

*сущ. ***случайность**

Question 68

**evolve** ## Footnote [ɪ'vɔlv] *The development and interpretation of the Code and Standards are _evolving_ processes.*

Answer 68

*гл. ***эволюционировать**

Question 69

**prudence** ## Footnote ['pruːd(ə)n(t)s] *Members and candidates must exercise the same level of _prudence_, judgment, and care that they would apply in the management and disposition of their own interests in similar circumstances.*

Answer 69

*сущ. ***осмотрительность**

Question 70

**fiduciary** ## Footnote [fɪ'djuːʃɪərɪ] *In relationships with clients, Members and Candidates must determine applicable _fiduciary_ duty and must comply with such duty to persons and interests to whom it is owed.*

Answer 70

*прил. ***основанный на доверии**

Question 71

**sustainability** ## Footnote [səˌsteɪnə'bɪlətɪ] *The chapter addresses market integrity and _sustainability_, the role of CFA Institute, and the importance of ongoing awareness of and education about changes in the investment industry.*

Answer 71

*сущ. ***устойчивость**

Question 72

**bulleted** *To keep the Handbook as a primary resource for members and candidates as they tackle ethical dilemmas, _bulleted_ tables were added to help the reader locate the guidance within a standard that is most applicable to the situations that may occur in daily professional life. *

Answer 72

*прил. ***маркированный**

Question 73

**oversight ** ## Footnote ['əuvəsaɪt] *The CFA Institute Board of Governors maintains _oversight_ and responsibility for the Professional Conduct Program (PCP), which, in conjunction with the Disciplinary Review Committee (DRC), is responsible for enforcement of the Code and Standards. *

Answer 73

*сущ. ***надзор**

Question 74

**enforcement ** ## Footnote [ɪn'fɔːsmənt] *The CFA Institute Board of Governors maintains oversight and responsibility for the Professional Conduct Program (PCP), which, in conjunction with the Disciplinary Review Committee (DRC), is responsible for _enforcement_ of the Code and Standards. *

Answer 74

*сущ. ***принуждение к применению **(закона)

Question 75

**distort** ## Footnote [dɪˈstɔːt] *Members and Candidates must not engage in practices that _distort_ prices or artificially inflate trading volume with the intent to mislead marker participants.*

Answer 75

*гл*. **искажать**

Question 76

**deceive** ## Footnote [dɪˈsiːv] *This Standard applies to transactions that _deceive_ the market by distorting the price setting mechanism of financial instruments.*

Answer 76

*гл. ***обманывать**

Question 77

**rumor** ## Footnote [ˈruːmə] *Spreading false _rumors_ is also prohibited.*

Answer 77

*сущ*. **молва**

Question 78

**reluctant** ## Footnote [rɪˈlʌkt(ə)nt] *And thus would be _reluctant_ to respond to rumors.*

Answer 78

*прил. ***неохотный**

Question 79

**impartial** ## Footnote [ɪmˈpɑːʃ(ə)l] *Treat both individual and institutional clients in a fair and _impartial_ manner.*

Answer 79

*прил. ***беспристрастный**

Question 80

**simultaneous** ## Footnote [ˌsɪm(ə)lˈteɪnɪəs] *_Simultaneous_ dissemination of new or changed recommendations to all clients who have expressed an interest or for whom an investment is suitable.*

Answer 80

*прил. *** одновременный**

Question 81

**consistent with** *Determine that an investment is suitable to the client's financial situation and _consistent with_ the client's written objectives and mandates.*

Answer 81

*прил. ***совместимый**

Question 82

**risk-averse ** *Jessica Walters, an investment advisor, suggests to Brian Crosby, a _risk-averse_ client, that covered call options be used in his equity portfolio. *

Answer 82

*прил. **эк. ***нерасположенный к риску**

Question 83

**offset ** ## Footnote [ˈɒfsɛt] *The purpose would be to enhance Crosby's income and partially _offset_ any untimely depreciation in value should the stock market or other circumstances affect his holdings unfavorably. *

Answer 83

*гл. ***компенсировать**

Question 84

**contemplate** ## Footnote [ˈkɒntəmpleɪt] *An exit strategy is already _contemplated_ but investors will first have to observe a minimum three-year lock-up period.*

Answer 84

*гл. ***пристально рассматривать**

Question 85

**misstate** ## Footnote [mɪsˈsteɪt] *Members must avoid _misstating_ performance or misleading clients/prospects about investment performance of themselves or their firms,*

Answer 85

*гл. ***ошибочно утверждать что-л.**

Question 86

**sophistication** ## Footnote [səˌfɪstɪˈkeɪʃ(ə)n] *Considering the _sophistication_ of the audience to whom a performance presentation is addressed.*

Answer 86

*сущ. ***изощренность**

Question 87

**capital appreciation ** ## Footnote [əˌpriːʃɪˈeɪʃ(ə)n] *They have asked Connor to recommend investments that would generate _capital appreciation_ in endowment funds to meet projected capital expenditures.*

Answer 87

*сущ. эк. ***повышение ценности**

Question 88

**endowment fund** ## Footnote [ɪnˈdaʊmənt, ɛn-] *They have asked Connor to recommend investments that would generate capital appreciation in _endowment funds_ to meet projected capital expenditures.*

Answer 88

*сущ. ***благотворительный фонд**