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NEW QUESTION: 1
Sara Robinson and Marvin Gardner are considering an opportunity to start their own money management firm. Their conversation leads them to a discussion on establishing a portfolio management process and investment policy statements. Robinson makes the following statements:
Statement 1;
Our only real objective as portfolio managers is to maximize the returns to our clients.
Statement 2:
If we are managing only a fraction of a client's total wealth, it is the client's responsibility, not ours, to determine how their investments are allocated among asset classes.
Statement 3: When developing a client's strategic asset allocation, portfolio managers have to consider capital market expectations. In response, Gardner makes the following statements:
Statement 4: While return maximization is important for a given level of risk, we also need to consider the client's tolerance for risk.
Statement 5: We'll let our clients worry about the tax implications of their investments; our time is better spent on finding undervalued assets.
Statement 6: Since we expect our investor's objectives to be constantly changing, we will need to evaluate their investment policy statements on an annual basis at a minimum.
Robinson wants to focus on younger clientele with the expectation that the new firm will be able to retain the clients for a long time and create long-term profitable relationships. While Gardner felt it was important to develop long-term relationships, he wants to go after older, high-net-worth clients.
The least important portfolio constraints for individuals are:
A. legal and regulatory constraints.
B. investment horizon constraints.
C. unique needs.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The most important portfolio constraints faced by individual investors include liquidity, investment horizon, and unique needs. Legal and regulatory factors arc less important for individual investors than they are for institutional investors. (Study Session 18, LOS 68.c)

NEW QUESTION: 2
팔 대 다리 운동의 급성 반응을 고려할 때 어떤 것이 사실입니까?
A. 최대 작업 부하에서 수축기 혈압은 팔 운동시 더 큽니다.
B. 최대 작업 부하에서 다리 운동으로 산소 소비량이 더 큽니다.
C. 동일한 작업 하중에서 이완기 혈압은 팔 운동으로 낮아집니다.
D. 동일한 작업 하중에서 수축기 혈압이 팔 운동으로 낮아집니다.
Answer: B

NEW QUESTION: 3

A. Option D
B. Option C
C. Option B
D. Option A
Answer: D

NEW QUESTION: 4
Which two features does Oracle CASB Cloud Service support?
A. security controls for Oracle ERP Cloud Service
B. prevents unauthorized access to cloud application files
C. security controls for custom applications running on AWS
D. automatically resolves suspicious events that occur
Answer: A,B