NO.PZ2015121801000119
问题如下：
Which of the following is least likely to be placed in the appendices to an investment policy statement (IPS)?
选项：
A.Rebalancing Policy.
B.Strategic Asset Allocation.
C.Statement of Duties and Responsibilities.
解释：
C is correct.
The major components of an IPS are listed in Section 2.2 of the reading. Strategic Asset Allocation (also known as the policy portfolio) and Rebalancing Policy are often included as appendices to the IPS. The Statement of Duties and Responsibilities, however, is an integral part of the IPS and is unlikely to be placed in an appendix.
C放在附录中，怎么能算作是计划步骤呢？比如一份完整的IPS包含了计划部分，执行部分，反馈部分，每一部分都会有附录吗？
