B选项与答案中解释的教师与学生的时间有什么关系？

NO.PZ202206210100000403 问题如下 The process for creating animplementing the investment polistatement (IPS) the University Planning anPriorities Committee (UPPmost likely follows best governanpractices in regarto: A.transparenof cision rights for approving a proposeasset allocation. B.expertise for veloping the asset allocation. C.governanaut reporting. SolutionA is correct. The UPPC must seek the boarof regents’ approvfor any asset allocation the committee proposes to implement. Consequently, the cision rights in regarto the asset allocation process are very transparent, whiis consistent with best governanpractices. Governanauts being on “requeste basis insteof being perioc is inconsistent with best governanpractices. The committee members’ short terms (two years for faculty anone yefor stunts because they are final-yestunts) anapparent laof financiexpertise are also inconsistent with best governanpractices.B is incorrect. The committee members have very short terms (two years for faculty anone yefor stunts because they are finyestunts) anappeto lafinanciexpertise.C is incorrect. Governanauts shoulperioc annot on “requeste basis. 如题。另外，C说的是reports will proviupon request, 并不是upon request才会被审计。这样也是不符合governance的吗？

NO.PZ202206210100000403 问题如下 Vitting University Case ScenarioTey Brealer is the presint of Vitting University (VU). VU just successfully completea funaising campaign of $300 million thsignificantly increasethe fun in the enwment (Exhibit 1).Exhibit 1 Vitting University Enwment FunAssets anObligations ($ millions)* These fun musefor scholarship annon-scholarship items.a meeting with VU’s boarof regents, Brealer proposes ththe enwment shoulfuna new capitimprovements projefor the university thwill cost $210.3 million. Brealer acknowlees thit is a large amount thwill require another funaising campaign in the future, but he states thhe halrea founa wealthy alumnus, Roger Clement, who is willing to nate $50 million if the projeis unrtaken.Jennifer Wong, a boarmember, asks: “If we unrtake the projewith Clement’s nation but without a new funaising campaign, how muwill the enwment unrfun” Other boarmembers agree ththe answer to this question shoulconsirebefore making a cision. Consequently, the boarcis to scuss Brealer’s proposfurther a future meeting.The boarmoves on to a scussion about the investment of the enwment with the recently raisefun. RonalBlack, investment aiser to the boar suggests the following:The asset allocation choishoulhave a heavy emphasis on fixeincome securities with cash stributions. This type of allocation will offset the future cash sbursements necessary to cover costs the university in excess of tuition revenue.The weightings within the portfolio shoulable to viate within 5% of the target portfolio weights to take aantage of short-term market opportunities for aitionreturn.Brealer suggests bringing Black’s portfolio allocation ito the University Planning anPriorities Committee (UPPC). The UPPC is composeof six tenurefaculty members anthree final-yestunts. Three of the faculty members are from the arts areanthree are from the sciences areFaculty appointments to the committee are for two-year, non-renewable terms.Brealer states ththe UPPC sires to have the enwment investein a socially responsible manner, whiwill require veloping a new investment polistatement (IPS). The UPPC inten to aft the new IPS anpresent it to the boarfor approval. Upon receiving boarapproval, the UPPC will rea financiaisory teanthe investment managers to implement the asset allocation incatein the IPS. Progress reports angovernanauts will provito the boarupon request.The boaris agreeable to this planassigns Blato part of the aisory teafter the IPS is afteanapproveFollowing approvof the IPS the boar the UPPC starts consiring fferent asset allocations with a target annureturn for the enwment of 5%, while taking into consiration the expectereturn anvolatility of the given portfolio. Three strategies are presenteto the committee baseon socially responsible investing (Exhibit 2). The committee’s gois to finthe allocation thhthe highest probability of meeting the sirereturn criteria.Exhibit 2 Asset Allocation Strategies* σ is annuvolatility, β is the CAPM betank is the expecteannureturn.Blastates ththe UPPC shoulalso consir suissues the cost associatewith rebalancing the portfolio anththe future stribution of asset returns mnot fully characterizethe expectereturn anvolatility. Blafurther states thhis preferremethofor aling with these aitionallocation issues is the use of Monte Carlo simulation.Question The process for creating animplementing the investment polistatement (IPS) the University Planning anPriorities Committee (UPPmost likely follows best governanpractices in regarto: A.transparenof cision rights for approving a proposeasset allocation. B.expertise for veloping the asset allocation. C.governanaut reporting. SolutionA is correct. The UPPC must seek the boarof regents’ approvfor any asset allocation the committee proposes to implement. Consequently, the cision rights in regarto the asset allocation process are very transparent, whiis consistent with best governanpractices. Governanauts being on “requeste basis insteof being perioc is inconsistent with best governanpractices. The committee members’ short terms (two years for faculty anone yefor stunts because they are final-yestunts) anapparent laof financiexpertise are also inconsistent with best governanpractices.B is incorrect. The committee members have very short terms (two years for faculty anone yefor stunts because they are finyestunts) anappeto lafinanciexpertise.C is incorrect. Governanauts shoulperioc annot on “requeste basis. The UPPC inten to aft the new IPS anpresent it to the boarfor approval. Upon receiving boarapproval, the UPPC will rea financiaisory teanthe investment managers to implement the asset allocation incatein the IPS. Progress reports angovernanauts will provito the boarupon request.

NO.PZ202206210100000403 问题如下 The process for creating animplementing the investment polistatement (IPS) the University Planning anPriorities Committee (UPPmost likely follows best governanpractices in regarto: A.transparenof cision rights for approving a proposeasset allocation. B.expertise for veloping the asset allocation. C.governanaut reporting. SolutionA is correct. The UPPC must seek the boarof regents’ approvfor any asset allocation the committee proposes to implement. Consequently, the cision rights in regarto the asset allocation process are very transparent, whiis consistent with best governanpractices. Governanauts being on “requeste basis insteof being perioc is inconsistent with best governanpractices. The committee members’ short terms (two years for faculty anone yefor stunts because they are final-yestunts) anapparent laof financiexpertise are also inconsistent with best governanpractices.B is incorrect. The committee members have very short terms (two years for faculty anone yefor stunts because they are finyestunts) anappeto lafinanciexpertise.C is incorrect. Governanauts shoulperioc annot on “requeste basis. 麻烦老师分别讲下A、B、C三个，谢谢