问题如下：
A written investment policy statement (IPS) is most likely to succeed if:
选项：
A.it is created by a software program to assure consistent quality.
B.it is a collaborative effort of the client and the portfolio manager.
C.it reflects the investment philosophy of the portfolio manager.
解释：
B is correct.
A written IPS, to be successful, must incorporate a full understanding of the client’s situation and requirements. As stated in the reading, "The IPS will be developed following a fact finding discussion with the client."
老师，C的问题是什么？
