It Is Essential That Both the Client and the Portfolio

question 25

True/False

It is essential that both the client and the portfolio manager agree on an appropriate benchmark portfolio.

---

Definitions:

Communication Step

A fundamental component or phase in the process of transmitting information from one entity to another.

Sender Encodes

The process by which a sender transforms a message into symbols or language understandable by the receiver in communication.

Two-Way Communication

A form of communication in which messages are sent and received between parties, allowing for feedback and interaction.

Time-Consuming

Activities or processes that require a significant amount of time to complete.