Which of the following statements regarding the Prudent Investor Rule (PIR) and the Prudent Man Rule (PMR) is most correct?
A) |
The PIR is primarily results-oriented while the PMR is process-oriented. | |
B) |
Under the PIR restrictions on investment in categories of securities have been codified. | |
C) |
Under the PIR no particular investment is either prudent or imprudent. | | |