有点不理解这道题的逻辑

问题如下：

Richard’s answer in regard to risk and performance evaluation is best described as:

选项：

A.correct. B.incorrect in regard to what is assessed through performance appraisal. C.incorrect in regard to when risk enters into the performance evaluation process.

解释：

Solution

C is correct. Richard’s answer is incorrect with regard to when risk enters the performance evaluation process. He should have stated that risk is part of all phases of performance evaluation—namely, performance measurement, performance attribution, and performance appraisal.

A is incorrect. Risk is part of all phases of performance evaluation—that is, performance measurement, performance attribution, and performance appraisal.

B is incorrect. Performance appraisal does determine the quality of a fund manager’s performance, but risk is a component of all phases of performance evaluation, not just performance appraisal.