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Isabelle Santana and Marat Loring are studying for the Level 1 CFA examination. Loring is having difficulty determining the objectives and constraints of defined contribution and defined benefit pension plans. To help Loring study, Santana creates the following list of characteristics and asks Loring to select the one that is FALSE. Which statement should Loring select?
A. For a defined benefit plan, the most important factors that affect long-term fund performance are the individual asset selection process and the degree of market timing allowed.
B. Both plans are federally regulated under the Employee Retirement Income Security Act (ERISA).
C. The employee bears all the investment risk in a defined contribution plan.
D. Both plans are tax-exempt.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Even though these two investment decisions (timing and individual security selection) add value to the portfolio, the real foundation of returns comes from the original asset allocation policy decisions. Empirical studies have shown that 85 percent to 95 percent of a portfolio's total return comes from the asset allocation policy decision (determining allowable asset classes and weighting these classes).
The other statements are correct.

NEW QUESTION: 2
Which linux command allows you to see what updates are currently loaded on Communication manager and CM Messaging?
A. update_show
B. update_manage
C. update_info
D. update_display
Answer: A
Explanation:
dadmin@netcommain> update_info "" is not a valid update name. dadmin@netcommain> update_show Update ID Status Type Update description
02.1.016.4-19880 activated cold patch 19880 for 02.1.016.4 02.1.016.4-20506 activated hot 2012 DST RPM for Israel 02.1.016.4-20909 activated hot TZ/DST rules changes in 201
KERNEL-2.6.18-128.AV7i activated cold patch 2.6.18-128.AV7i for 0
Platform/Security ID Status Type Update description
PLAT-rhel4-1013 activated cold platform/security patch PLA

NEW QUESTION: 3
Was sollte von 'Service Request Management' erledigt werden?
A. Eine Anforderung zum Implementieren eines Sicherheitspatches
B. Eine Anforderung zum Beheben eines Fehlers in einem Dienst
C. Eine Anfrage zur Bereitstellung eines Laptops
D. Eine Anforderung zum Ändern eines Ziels in einem Service Level Agreement
Answer: C
Explanation:
Reference: https://www.atlassian.com/itsm/service-request-management


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