Ethical Decision-Making in Accepting Gifts

Very Easy Professional Standards Application Ethical Decision-making

As a financial analyst working for a reputable firm, you receive a gift from a client that consists of high-end headphones valued at $150. According to the CFA Institute's Code of Ethics and Standards of Professional Conduct, you should assess whether accepting such gifts aligns with ethical guidelines.

Which of the following options reflects an ethical approach regarding the acceptance of the gift?

Accept the gift, as it is a common practice in the industry.

Politely decline the gift, as its value exceeds the limit set by your firm.

Accept the gift, provided you report it to your supervisor.

Hint

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