Which of the following would most likely lead to an increase in a typical firms capital investment for the current period？
A need to increase inventory.
B. An increase in the firms expected marginal tax rate.
C. A decrease in the market value of the firms debt.
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In determining the appropriate asset allocation for a clients investment account, the manager should:
A. Consider only the investors risk tolerance.
B. Incorporate forecasts of future economic conditions.
Consider the investors risk tolerance and future needs,but not forecasts of market conditions.
A top-down security analysis begins by:
Analyzing a firms business prospects and quality of management.
B. Identifying the most attractive companies within each industry.
C. Examining economic conditions.
In a defined contribution pension plan:
A. The employee accepts the investment risk.
B. The plan sponsor promises a predetermined retirement income to participants.
C. The plan manager attempts to match the funds assets to its liabilities.
Compared to exchange-traded funds （ETFs）, open-end mutual funds are typically associated with lower:
A. Brokerage costs.
B. Minimum investment amounts.
C. Management fees.
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