The balancing equation is expressed as:
a. Assets + Liabilities = Stockholders' Equity.
b. Revenues – Expenses = Net Income.
c. Sales – Costs = Net Profit.
d. Assets = Liabilities + Stockholders' Equity.
d
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Which of the following guidelines are appropriate for inclusion in a portfolio management policy?
I. Diversify among different types of securities and across industry and geographic lines. II. Determine the risk level and financial situation of the individual investor. III. Utilize beta to help align the portfolio to the risk level of the investor. IV. Minimize the standard deviation of each security in the portfolio. A) I, II and IV only B) II, III and IV only C) I, II and III only D) I, II, III and IV