Because All the Measures of Portfolio Performance Except the Reward-To-Variability

question 7

Multiple Choice

Because all the measures of portfolio performance except the reward-to-variability ratio, require the identification of a _____ surrogate, whatever is used can be criticized as being inadequate.

• A) security market
• B) capital market
• C) market portfolio
• D) market volatility

---

Definitions:

Market Economy

An economic system where supply and demand determine production, distribution, and price levels, largely without government intervention.

U.S.

Refers to the United States of America, a country in North America consisting of 50 states and a federal district.

Kai Nielsen

A philosopher known for his work in ethics and his defense of atheism, emphasizing the practical application of moral philosophy to societal challenges.

Medical Treatment

Clinical and therapeutic interventions or procedures used to alleviate or cure disease and injury in patients.