Reducing Crime Rates Is a (N)________ Function of Longer Mandatory

question 54

Multiple Choice

Reducing crime rates is a (n) ________ function of longer mandatory prison sentences.Creating more jobs for prison guards is a(n) ________ function.

• A)achieved;ascribed
• B)ascribed;achieved
• C)manifest;latent
• D)latent;manifest

Understand the concept of comparison universe and its relevance to mutual fund performance evaluation.

Grasp the significance of serial correlation in mutual and hedge fund performance.

Evaluate the performance of mutual funds using Morningstar’s RAR method and understand its criteria.

Understand the differences between geometric and arithmetic average returns and their applications in performance evaluation.

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Definitions:

Agency

A relationship where one party, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.

Necessity

The condition or situation of being required or indispensable, often invoked in legal contexts where actions are taken out of an unavoidable need.

Contract

A legally binding agreement between two or more parties.

Warranty of Authority

An assurance provided by an agent to a third party that they have the authority to act on behalf of another person or entity in a legal or business transaction.