2) Asset allocation is the: A) selection of specific securities within a particular class or industry B) division of a purchase price between a cash payment and a margin loan. C) division of a portfolio into short and long positions D) distribution of investment funds among various broad asset classes E) dividing of assets into those that are hypothecated and those that are not 3) Jack is researching chemical companies in an effort to determine which company's stock he should purchase. This process iS Known as: A) market timing B) purchase shortin;g C) marketing research. D) asset allocation. E) security selection, 4) A Roth IRA: A) is a form of "tax-deferred" account. B) funds are taxed at the time you begin withdrawals C) are well-suited to investors nearing retirement. D) invests after-tax dollars E) is the type of account offered by most employers