Which of the following statements reflects the importance of the asset allocation decision to the investment process? (a) the asset allocation decision the investor decide on realistic investment goals. (b) the asset allocation decision identifies the specific securities to include in a portfolio. (c) the asset allocation decision determines most of the portfolio’s returns and volatility over time. (d) the asset allocation decision creates a standard by which to establish an appropriate investment time horizon.

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.