QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

2.

Dilshan Kumar, CFA, is a world-renowned mining analyst based in London. Recently, he received

an invitation from Cerberus Mining, a London Stock Exchange listed company with headquarters

in Johannesburg, South Africa. Cerberus asked Kumar to join a group of prominent analysts

from around the world on a tour of its mines in South Africa, some of which are in remote

locations, not easily accessible. The invitation also includes an arranged wildlife safari to Krueger

National Park for the analysts. Kumar accepts the invitation, planning to visit other mining

companies he covers in Namibia and Botswana after the safari. To prevent violating any CFA

Institute Standards of Professional Conduct, it is most appropriate for Kumar to only accept

which type of paid travel arrangements from Cerberus?

A. Ground transportation to Krueger National Park

B. Economy class round trip ticket from London to Johannesburg

C. Flights on a private airplane to the remote mining sites in South Africa