As a Part of a Forensic Accountant Engagement,you Interviewed All

question 45

Multiple Choice

As a part of a forensic accountant engagement,you interviewed all the first cousins of the subject.Which of the following types of data did you obtain?

• A) first-party data
• B) second-party data
• C) third-party data
• D) fourth-party data

Understand the concept of comparison universe and its relevance to mutual fund performance evaluation.

Grasp the significance of serial correlation in mutual and hedge fund performance.

Evaluate the performance of mutual funds using Morningstar’s RAR method and understand its criteria.

Understand the differences between geometric and arithmetic average returns and their applications in performance evaluation.

---

Definitions:

Fertilized Egg

A cell that results from the union of a sperm cell with an egg cell, marking the beginning of a new organism's development.

Teratogens

External agents such as chemicals, viruses, and radiation that can cause developmental abnormalities or birth defects in an embryo or fetus.

Developing Fetus

Refers to a prenatal human between the embryonic state and birth, during which significant growth and development occur.

Fetal Alcohol Syndrome

Fetal Alcohol Syndrome is a condition resulting from alcohol exposure during the mother's pregnancy, causing physical and developmental anomalies in the child.