Multiple Choice
Which one of the following statements concerning formula plans is correct?
A) Formula plans are based on the adherence to a mechanical set of rules with regard to when to buy and/or sell.
B) Securities with very stable prices are best suited to nearly all formula plans.
C) The objective of most formula plans is to maximise profits.
D) The use of subjective judgment is important to the routine administration of most formula plans.
Correct Answer:
Verified
Correct Answer:
Verified
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