isn’t ‘C’ correct as well?
Which of the following statements is the best description of whether a portfolio should be included in a composite?
A) All actual, fee-paying portfolios should be included in a composite.
B) Non-fee-paying portfolios may be included in a composite if they are discretionary.
C) All discretionary portfolios must be included in a composite.
Your answer: B was correct!
All actual, fee-paying, discretionary portfolios must be included in at least one composite. Non-fee-paying discretionary portfolios may be included in a composite, but non-discretionary portfolios may not be included.作者: KungFuPanda 时间: 2013-4-8 12:46
C is wrong ;the four key words in above statements are discretionary , fee , and must and may.So using process of elimination
A) Discretionary missing -hence rejected
C) Use must for all Discretionary ( fee and non fee paying ) . Non fee paying may be included statement assumes must . Hence incorrect.
Correct Answer : B
