There Is a Distinction Between Approval and Authorisation

question 27

True/False

There is a distinction between approval and authorisation.Approval is a policy decision for a general class of transactions.Authorisation is the implementation of management's general authorisation decisions.

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Definitions:

Portfolio Beta

A measure of the overall risk of a portfolio of investments, comparative to the market as a whole.

Risk-free Asset

An asset which is presumed to have a guaranteed return with no risk of financial loss.

Beta

A benchmark for the changeability, or structural risk, found in a security or an assemblage of investments measured against the overall market.

Portfolio Variance

A measure used in finance to quantify the volatility from the mean return of a portfolio, indicating the spread of its returns.