A new Layout is not material?

CFA Level II Ethics
#1

Hi there,

Second vignette of the PM Mock.

The new Layout is not material, why?

I would consider material any information impacting the efficiency, results of the firm…

How can you distinguish material from non-material then?

Thanks,

#2

Yeah I was surprised by that too Its the tea case right? 1% efficiency for me is material. Oh well don’t know much abt tea business

#3

1% is not material for me. I don’t remember the case concretely and can’t be bothered opening again, but I seem to recall there were some other clues which pointed to the fact that it was not material.