The Desirable Components of an Investment Policy Statement for Individual

question 32

Multiple Choice

The desirable components of an Investment Policy Statement for individual investors can be divided into

• A)three main elements consisting of scope and purpose, governance, and risk management.
• B)three main elements consisting of scope and purpose, governance, and investment, return-and-risk objectives.
• C)four main elements consisting of scope and purpose, governance, risk management, and feedback.
• D)four main elements consisting of scope and purpose, governance, risk management, and investment, return-and-risk objectives.

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Definitions:

Charter of Rights

A foundational legal document guaranteeing fundamental rights and freedoms to individuals within a specific country or jurisdiction, such as Canada's Charter of Rights and Freedoms.

British North America Act

Historical legislation passed in 1867, uniting three colonies into the Dominion of Canada, now known as the Constitution Act, 1867.

Constitution Act

A set of laws and principles that establishes the makeup and operation of a government.

Civil Code

A comprehensive set of laws that govern civil transactions and disputes, typically codifying areas such as contracts, property, and family law.