Which industry is likely to be concentrated with weak pricing power?

According the Global Investment Performance Standards (GIPS), when dealing with the integrity of data to be used for performance presentation, which of the following statements is NOT correct?

Select the correct statement(s).
I). LIFO reserves must be disclosed in a firm's annual report.
II). For income statement purposes, the more recent costs are matched against the current revenues under the LIFO assumption.
III). During periods of falling input prices, FIFO would underestimate gross profit.

Assume three months have elapsed since the last coupon payment date. The cum-coupon price for
$ 250,000 par value of a 5-year, semi-annual pay, 6% coupon bonds is $225,900. What is the full price?

Benny Len is an analyst at a large Brokerage house. Benny has recently done a study analyzing two years of historical information on the returns of stocks with high PE ratios. Benny concludes that these high PE stocks generate low returns and reports that these stocks should be sold from all client portfolios.
According to CFA Institute's Standards of Professional Conduct, which Standard of Professional Conduct has been violated?