In Measuring the Comparative Performance of Different Fund Managers, the Preferred

question 39

Multiple Choice

In measuring the comparative performance of different fund managers, the preferred method of calculating rate of return is

• A) internal rate of return.
• B) arithmetic average.
• C) dollar weighted.
• D) time weighted.
• E) None of the options are correct.

Prepare basic components of financial statements: income statement, statement of owner's equity, and balance sheet.

Evaluate the need for adjusting certain accounts for financial reporting.

Understand the defining characteristics and differences between various organizational structures (divisional, network, matrix, functional).

Comprehend the purpose and use of different control systems (output, input, personal, bureaucratic) within organizations.

---

Definitions:

Economic Recovery

Refers to the process of a country or region's economy returning to a state of growth and stability after a period of decline or recession.

Anticommunist Regime

A government or political system actively opposed to communism, often implementing policies to restrict or eliminate communist influence within its jurisdiction.

Truman Doctrine

A U.S. foreign policy established in 1947 by President Harry S. Truman to contain the spread of communism, beginning with aid to Greece and Turkey.

American Freedom Train

A 1970s project that toured the United States with a special train carrying historical artifacts and documents, celebrating American bicentennial and history.