​Which of the Following PACs Contributed the Most During the 2012

question 47

Multiple Choice

​Which of the following PACs contributed the most during the 2012 congressional elections?

• A)​National Association of Realtors
• B)Facebook PAC
• C)​​International Garment Workers Union
• D)​DEFPAC (Defense Contractors)
• E)​Letter Carriers Political Action Fund

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Definitions:

Average Returns

The arithmetic mean of the historical returns of an investment, often used as a general indication of its past performance.

Hedge Funds

are investment funds that employ a variety of strategies to earn active return, or alpha, for their investors, often involving higher risks and aiming for higher returns than traditional investments.

Survivorship Bias

The logical error of focusing on instances that survived a selection process and overlooking those that did not because of their lack of visibility.

Backfill Bias

A bias that can occur when historical performances of investment portfolios are artificially inflated because only successful funds are reported or included in analyses.