Q1. Which of the following statements about investment constraints is least accurate? A) Diversification efforts can increase tax liability. B) Unwillingness to invest in gambling stocks is a constraint. C) Investors concerned about time horizon are not likely to worry about liquidity.
Q2. Which of the following should least likely be included as a constraint in an investment policy statement (IPS)? A) Constraints put on investment activities by regulatory agencies. B) How funds are spent after being withdrawn from the portfolio. C) Any unique needs or preferences an investor may have.
Q3. Taxes on unrealized capital gains:
A) must be paid when the appreciated assets are passed on to heirs. B) are subject to the alternative minimum tax. C) can be deferred indefinitely.
Q4. All of the following are investment constraints EXCEPT:
A) tax concerns. B) liquidity needs. C) pension plan contributions of the employer.
Q5. Which of the following constraints concerns individual investors least, with respect to their portfolios?
A) Liquidity. B) Political issues. C) Legal Issues.
Q6. Which of the following is least likely to be considered a constraint when preparing an investment policy statement? A) Liquidity needs. B) Risk tolerance. C) Tax concerns.
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发表于 2009-1-22 11:26
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