Question
In an ethics vignette, why is personal advantage usually the weakest justification for an action?
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Answer
Personal interests rank lowest in the duty hierarchy.
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Question
If your employer wants conduct that conflicts with the most strict applicable law, which duty controls?
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Answer
Comply with laws and regulations.
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Question
Why do client interests outrank employer interests in CFA ethics reasoning?
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Answer
Because the hierarchy places duties to clients above duties to employers.
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Question
If an ethics vignette leaves duties in tension, what priority rule should you apply first?
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Answer
Law first, then clients, then employer, then self.
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