QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

13. Vivek Raj, CFA, is a corporate financier and a non-executive director of Nerds Inc. His family receives free groceries from Nerds Inc as part of his compensation package. Vivek discloses his non-executive salary to his employer but not the groceries as he considers them a private matter. Has he breached his obligation to his employer? A. No, as the groceries have no cash equivalent B. Yes, as he must not receive any outside compensation C. Yes, as he should disclose all compensation from outside sources