) REGARDING THE NOTES TO EXHIBIT 1, THE GIPS STANDARDS WOULD MOST LIKELY IMPLY THAT

6.) Regarding the notes to Exhibit 1, the GIPS standards would most likely imply that:

A.

Notes 1 and 7 are required and Note 2 is recommended.

B.

Notes 3 and 8 are required and Note 6 is recommended.

C.

Notes 1 and 2 are required and Note 7 is recommended.

Answer = A

Note 1 is required. It describes the definition of the firm used to determine the total

firm assets. Note 2 is recommended because the firm is encouraged but not required to

provide a list of the firms contained within the parent company. Note 7 is required

because firms must disclose which dispersion measure is presented.

“Overview of the Global Investment Performance Standards,” Phillip Lawton