1.What is one of the most serious ethical issues facing the investment management industry?

a)very little choice among asset managers

b)investors have no basis to make their choice on an asset manager

c)lack of investable assets

d)conflict of interest between the manager and investor

2.What, besides regulations on the financial services industry, is seen as a central pillar to help reduce or eliminate abuses in the investment management industry

a)providing full authority to move money into and out of any bank account

b)alignment of payment with performance

c)personal ethical standards

d)a high cash position for safety

3.What is the most common approach currently used to measure investment performance?

a)simple returns

b)risk adjusted returns

c)information ratios

d)asset betas