The Execution Phase of the CFA Institute's Investment Management Process

question 73

Multiple Choice

The execution phase of the CFA Institute's investment management process

• A) uses data about the client and capital market.
• B) uses details of optimal asset allocation and security selection.
• C) uses changes in expectations and objectives.
• D) All of the options are correct.
• E) None of the options are correct.

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Definitions:

End A Marriage

The legal termination of a marital union, known as divorce, which dissolves the bonds of matrimony between married individuals.

Court Decree

A formal and authoritative order issued by a court, requiring parties to do or not do something.

Invalidates

To make something legally null and void or to render it ineffective by establishing its incorrectness or inapplicability.

Community Property

A form of ownership between married couples in some states, where assets acquired during the marriage are considered jointly owned.