The first step in the investment process is the development of a(n)
A) objective statement.
B) policy statement.
C) financial statement.
D) statement of cash needs.
E) statement of cash flows.

Question

Quizplus · Accepted Answer

The first step in the investment process is the development of a policy statement. This statement outlines the investor's goals, risk tolerance, and investment time horizon, and serves as a guide for making investment decisions. The other options may be important in the investment process, but they come later in the process.

The First Step in the Investment Process Is the Development