Faff,Gallagher and Wu (2005)in Their Research Find That Fund Managers

question 8

Multiple Choice

Faff,Gallagher and Wu (2005) in their research find that fund managers have been ________ to deliver superior returns through _________________,although there is evidence of value enhancement in the Australian equities asset class.

• A) able; property acquisitions
• B) consistent; superannuation funds
• C) continuing; hedge funds
• D) unable; tactical asset allocation

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry, which drives innovation, efficiency, and the development of new products and processes.

Total Costs

The total of all costs associated with producing goods or services, encompassing both fixed and variable expenses.

Average Variable Costs

The total variable costs divided by the quantity of output produced, representing the variable costs per unit of output.

Cars

Motor vehicles designed primarily for passenger transportation.