One of the Reasons for Constructing a Policy Statement Is

Multiple Choice

One of the reasons for constructing a policy statement is it

A) creates a standard by which to judge the performance of the investor.
B) helps the investor decide on realistic investment goals.
C) is open-ended in order to provide guidance for specific investments and time frames.
D) guarantees success.
E) helps the portfolio manager to become familiar with financial markets and investing risks.