单项选择题

All of the following violate Standard Ⅰ(C), Misrepresentation, EXCEPT:（）

A. copying a proprietary computerized spreadsheet without seeking authorization from their creators.
B. presenting factual information published by recognized statistical reporting services without acknowledgment.
C. using excerpts from reports prepared by others with minor word changes without acknowledgment.

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单项选择题When a CFA Institute member suspects a client or a colleague of planning or engaging in ongoing illegal activities, which of the statements about the actions that the member should take is most correct According to the CFA Institute Standards of Professional Conduct, the CFA Institute member should:（）

A. consult counsel to determine the legality of the activity.
B. consult counsel to determine the legality of the activity and disassociate from any illegal or unethical activity if the member has reasonable grounds to believe that the activity is illegal or unethical.
C. ignore the suspected illegal activity unless the suspected party is a CFA Institute member.

单项选择题Which of the following statements about the various tests of the efficient market hypothesis (EMH) is INCORRECT（）

A. Tests of the semi-strong form EMH give mixed results. Time-series tests such as dividend yield and default spread reject the semi-strong form EMH while event studies of stock splits and announcements of accounting changes support it.
B. The superior historical performance of exchange specialists and corporate insiders rejects the semi-strong form of the EMH.
C. The historical performance of professional money managers supports the semi-strong form of the EMH.