Which of the Following Is a Fundamental Principle of NACVA's

question 39

Multiple Choice

Which of the following is a fundamental principle of NACVA's Professional Standards?

• A) Accept all assignments that can reasonably be completed within the time provided by clients.
• B) Always do exactly what a client wants no matter what the circumstances.
• C) Express an opinion with qualification that the member or a firm has financial interest or contemplated interest in the subject business.
• D) Serve the client's interest by seeking to accomplish the objectives established with the client, while maintaining integrity and objectivity.

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Definitions:

Portfolio

An assortment of financial assets including stocks, bonds, and commodities, as well as cash and near-cash items like mutual funds and ETFs.

Sharpe Ratio

Reward-to-volatility ratio; ratio of excess return to portfolio standard deviation.

Standard Deviation

Standard Deviation is a measure of the dispersion or variability of a set of data points or investment returns around the mean.

Returns

The profit or loss derived from an investment over a particular period, usually expressed as a percentage.