The policy statement may include a ____ against which a portfolio's or portfolio manager's performance can be measured.
A) milestone
B) benchmark
C) landmark
D) reference point
E) market pair

Question

Quizplus · Accepted Answer

A benchmark is a standard or reference point against which a portfolio's or portfolio manager's performance can be measured. Milestones, landmarks, and reference points can be useful to track progress, but they are not necessarily used as performance measures. Market pairs are not commonly used in policy statements.

The Policy Statement May Include a ____ Against Which a Portfolio's