Bailey, Richards, and Tierney Maintain That Any Useful Benchmark Should

question 38

Multiple Choice

Bailey, Richards, and Tierney maintain that any useful benchmark should have the following characteristics:

• A) ambiguous.
• B) investable.
• C) value-weighted.
• D) use the median manager from a peer group.
• E) reflective of past investment opinions.

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Definitions:

Prestige

The level of respect, admiration, or esteem that a person, group, or occupation holds in society, often associated with social status.

Society Ruled

A societal structure where decision-making is governed by a specific group or class.

Age Cohort

A group of people who share a similar age and have experienced similar historical or social influences.

Census Generation

The process of systematically acquiring and recording information about the members of a given population, typically conducted by a government.