Caroline and Nichole Work Together in the Busy Reception Area

question 24

Multiple Choice

Caroline and Nichole work together in the busy reception area of an outpatient clinic. It seems to Caroline that Nichole is constantly complaining about something. The patients are rude, the doctors are cranky, the clinic's medical assistant is arrogant....Nichole seems to find something negative to say about everyone. One day in the break room, Nichole says to Caroline, "I don't know how Dr. Noya keeps his job. Do you know what he did yesterday?" Which of the following would be Caroline's best response?

• A) "No, tell me-what happened?"
• B) "I think the clinic is getting ready to fire him."
• C) "No. By the way, did you see that PBS special last night on healthcare?"
• D) "Many of the patients refuse to be seen by Dr. Noya."
• E) "Yes, I heard. I can't believe all the mistakes he has made."

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Definitions:

Benchmark Portfolio

Portfolio against which a manager is to be evaluated.

Well-Diversified

Refers to an investment portfolio that contains a wide variety of assets to minimize risk.

SML

The Security Market Line, a graphical representation of the expected return of investments as a function of their risk, as described by the Capital Asset Pricing Model.

Equally-Weighted Portfolio

An investment strategy where each asset in a portfolio is allocated the same percentage of total investment capital.