An investment management firm that does not adopt the GIPS standards could mischaracterize its overall performance by presenting a performance history:

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 An investment management firm that does not adopt the GIPS standards could mischaracterize its overall performance by presenting a performance history:

A.that includes terminated portfolios
B.composed of a single top-performing portfolio
C.for an investment mandate over all periods since the firm’s inception
正确答案B
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