____________Is the Process of Learning About Something Previously Unknown or Unrecognized

question 50

Multiple Choice

____________is the process of learning about something previously unknown or unrecognized. ____________is the process of reshaping existing cultural items into a new form.

• A) Invention; Discovery
• B) Discovery; Invention
• C) Discovery; Diffusion
• D) Diffusion; Innovation

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Definitions:

Prudent Investor Rule

Prudent Investor Rule is a legal guideline for fiduciaries that mandates investment strategies should be made as a prudent investor would, considering risk, return, diversification, and the objectives of the trust or beneficiary.

Active Portfolio Management

A strategy where managers make specific investments with the goal of outperforming an investment benchmark index.

Passive Strategy

An investment approach that involves holding a diversified portfolio to match the performance of a market index over time, minimizing buying and selling actions.

After-tax Holding-period Return

The return on an investment after accounting for taxes, over the period it was held, reflecting the true gain or loss.