Bailey,Richards,and Tierney maintain that any useful benchmark should have the following characteristics:
A) Measurable.
B) Investable.
C) Value-weighted.
D) a and b.
E) a, b and c.

Question

Quizplus · Accepted Answer

The characteristics mentioned in the question are measurable and investable, but value-weighted is a specific type of benchmark and may not be necessary for all benchmarks to be considered useful. Therefore, choice D, which includes only measurable and investable, is the best option.

Bailey,Richards,and Tierney Maintain That Any Useful Benchmark Should Have the Following