Successful portfolio management with a variable ratio plan depends on the investor's skill in timing the market
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following below is not one of the four major forms of business entities that are discussed in this chapter?
a. sole proprietorship b. corporation c. partnership d. subchapter S corporation
The number of strata to use is a matter of judgment, but experience suggests the use of no more than eight
Indicate whether the statement is true or false
The executive branch of the government is composed of the ________
A) various administrative agencies B) House of Representatives and the Senate C) president, the president's staff, and the cabinet D) federal and state courts
Brant Ranger, Paula Potts and Matthew Lane are all tax lawyers and partners in Ranger Potts & Lane LLP. They practiced together and were successful for many years before the partnership ran into difficulties
Lane was retained by Phillip Schooner, a wealthy client. Lane acted negligently for Schooner in several income tax transactions which breached the Income Tax Act and caused millions of dollars in losses to Schooner. Schooner brought a legal action over this. Which of the followings statements is TRUE? Schooner can claim against A) the firm's assets B) none of the partners' personal assets C) the firm's assets and the personal assets of Lane only D) the firm's assets and all of the partners' personal assets E) only the insurance provider for the firm