Match the Term with Its Definition

question 12

Multiple Choice

Match the term with its definition.
-Program Evaluation

• A)Systematic assessment of a program or interventions.
• B)Tests intended for the prediction of an individual's future behaviour.
• C)Formalized tests with specific instructions.
• D)Statewide achievement assessments administered in schools.
• E)Information or knowledge that has previously been learned.

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Definitions:

High Water Mark

A clause in fund management contracts that prevents fund managers from receiving large bonuses for poor performance, ensuring they only earn a performance fee when the fund's value exceeds its previous highest value.

Incentive Fees

Fees paid to a fund manager based on performance, often as a percentage of the investment gains beyond a specified benchmark.

Hedge Fund Manager

An individual or firm responsible for making investment decisions in a hedge fund to maximize returns and minimize risks.

Survivorship Bias

The error of focusing only on the entities that have survived some process and overlooking those that have failed.