When Evaluating the Performance of a Mutual Fund Holding Several

question 9

True/False

When evaluating the performance of a mutual fund holding several S&P 500 stocks, one should always use the S&P 500 as the benchmark.

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Definitions:

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele.

Recessive Allele

A variant of a gene that must be inherited from both parents in order to manifest its trait, as opposed to a dominant allele where only one copy is needed for expression.

Heterozygous Individuals

Organisms that have two different alleles for a given gene, resulting in genetic variation.