Gains and Losses, in Other Than the First Year, from Pooled

question 1

Multiple Choice

Gains and losses, in other than the first year, from pooled investments are distributed to participating funds based on:

• A)cost of contributed assets at the time of original pooling.
• B)market value of contributed assets at the time of original pooling.
• C)market value at the time of any additions or withdrawals.
• D)market value at the previous valuation date.

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Definitions:

Ego Function

Psychological processes associated with the self that are responsible for perception, judgment, tolerance of ambiguity, and reality testing.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to cope with reality.

Denial

A psychological defense mechanism where an individual refuses to accept reality or facts, thereby avoiding a potentially distressing truth.

Rationalization

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.