Which of the Following Statements Is FALSE

question 30

Multiple Choice

Which of the following statements is FALSE?

• A) Asset management firms manage the funds of individuals, businesses, endowments and foundations, and state and local governments.
• B) Asset management firms are ranked semi-annually by Pension & Investments with the ranking based on the number of liabilities under management.
• C) Asset management firms are either affiliated with some financial institution (such as a commercial bank, insurance company, or investment bank) or are independent companies.
• D) Larger institutional clients seeking the services of an asset management firm typically do not allocate all of their assets to one asset management firm.

---

Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead that are used as benchmarks to evaluate actual production costs.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives to solve problems or create useful products.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold. These are considered liquid assets.

Standard Price

A predetermined cost or selling price of a product or service, often used in budgeting and accounting to measure variances in actual cost or price.