11 Which one of the following would constitute a Type I error a hiring a manager with no value added to the fund b not hiring a manager who brings value added to the fund c firing a manager who brings positive value to the fund d hiring a manager who brings value added to the fund 12 Why is performance evaluation important to a fund sponsor as enumerated in the text a Performance evaluation allows fund sponsors to assess the manager's honesty b Performance evaluation is an integral part of the feedback and assessment loop c Performance evaluation provides structure that is even more important than the Investment Policy Statement d Performance evaluation assists the accounting department keep closer track of buys and sells 13 Geometric return accounts more precisely for which of the following a Risks involved in multi period calculations b Short sales that the fund manager may have made C Changing base amounts from period to period d The use of real options in the process of managing the fund 11 Which one of the following would constitute a Type I error a hiring a manager with no value added to the fund b not hiring a manager who brings value added to the fund c firing a manager who brings positive value to the fund d hiring a manager who brings value added to the fund 12 Why is performance evaluation important to a fund sponsor as enumerated in the text a Performance evaluation allows fund sponsors to assess the manager's honesty b Performance evaluation is an integral part of the feedback and assessment loop c Performance evaluation provides structure that is even more important than the Investment Policy Statement d Performance evaluation assists the accounting department keep closer track of buys and sells 13 Geometric return accounts more precisely for which of the following a Risks involved in multi period calculations b Short sales that the fund manager may have made C Changing base amounts from period to period d The use of real options in the process of managing the fund

Question

11  Which one of the following would constitute a Type I error  a  hiring a manager with no value added to the fund b  not hiring a manager who brings value added to the fund c  firing a manager who brings positive value to the fund d  hiring a manager who brings value added to the fund 12  Why is performance evaluation important to a fund sponsor as enumerated in the text  a  Performance evaluation allows fund sponsors to assess the manager's honesty  b  Performance evaluation is an integral part of the feedback and assessment loop  c  Performance evaluation provides structure that is even more important than the Investment Policy Statement  d  Performance evaluation assists the accounting department keep closer track of buys and sells  13  Geometric return accounts more precisely for which of the following  a  Risks involved in multi period calculations  b  Short sales that the fund manager may have made  C  Changing base amounts from period to period  d  The use of real options in the process of managing the fund  11  Which one of the following would constitute a Type I error  a  hiring a manager with no value added to the fund b  not hiring a manager who brings value added to the fund c  firing a manager who brings positive value to the fund d  hiring a manager who brings value added to the fund 12  Why is performance evaluation important to a fund sponsor as enumerated in the text  a  Performance evaluation allows fund sponsors to assess the manager's honesty  b  Performance evaluation is an integral part of the feedback and assessment loop  c  Performance evaluation provides structure that is even more important than the Investment Policy Statement  d  Performance evaluation assists the accounting department keep closer track of buys and sells  13  Geometric return accounts more precisely for which of the following  a  Risks involved in multi period calculations  b  Short sales that the fund manager may have made  C  Changing base amounts from period to period  d  The use of real options in the process of managing the fund

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Question

11. Which one of the following would constitute a Type I error? a. hiring a manager with no value added to the fund b. not

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