Q1. Return requirements are those return levels associated with returns needed to meet:

A)   major goals.

B)   secondary goals.

C)   educational goals.

Q2. Risk objectives should be evaluated during which stage of the investment policy statement process? Concurrently with the:

A)   return objectives.

B)   capital market expectations formations.

C)   investment strategy decision.

Q3. Desired return objectives are those return levels associated with:

A)   secondary goals.

B)   major goals.

C)   vacation home goals.

答案和详解如下：

Q1. Return requirements are those return levels associated with returns needed to meet:

A)   major goals.

B)   secondary goals.

C)   educational goals.

Correct answer is A)

Return requirements are returns needed to attain major goals.

Q2. Risk objectives should be evaluated during which stage of the investment policy statement process? Concurrently with the:

A)   return objectives.

B)   capital market expectations formations.

C)   investment strategy decision.

Correct answer is A)

Discussions of risk objectives should occur simultaneously with those of return objectives.

Q3. Desired return objectives are those return levels associated with:

A)   secondary goals.

B)   major goals.

C)   vacation home goals.

Correct answer is A)

Desired return objectives are associated with secondary goals. Desired returns may be lowered if there is a disconnect between risk tolerance and return objectives.

Thank you!