According to Numerous Studies Conducted by Various Professors,portfolio Managers Generally

question 26

Multiple Choice

According to numerous studies conducted by various professors,portfolio managers generally

• A)Outperform the market on a risk adjusted basis
• B)Perform the same as the market
• C)Under-perform the market
• D)Greatly out perform the market on a risk adjusted basis

---

Definitions:

Total Fixed Cost

The aggregate sum of all expenses within a company that remain constant regardless of the level of production or sales.

Fixed Cost Per Period

Costs that do not vary with the level of production or sales within a certain range and time frame, such as rent or salaries.

Mixed Cost

A cost that contains both variable and fixed cost elements and changes in total with the level of activity, but not proportionately.

Maintenance Cost

Expenses incurred to keep property, equipment, or assets in effective operating condition.