这题没太理解

问题如下：

Question Which of the following is least likely a part of the execution step of the portfolio management process?

选项：

A.Security analysis B.Portfolio construction C.Performance measurement

解释：

Solution

C is correct. Performance measurement is a part of the feedback step of the portfolio management process. The execution step includes asset allocation, security analysis, and portfolio construction.

A is incorrect. Security analysis is a part of the execution step of the portfolio management process.

B is incorrect. Portfolio construction is a part of the execution step of the portfolio management process.