问题如下：
A new client of Sigma Investment requires its domestic small-cap portfolio manager to report every transaction before execution. According to the GIPS standards, the domestic small-cap portfolio is mostly likely:
选项：
A. included in the domestic small-cap composite
B. included in the total firm assets.
C. included in several composites in the firm, not only in the domestic small-cap composite.
解释：
B is correct.
考点：条款3.A.1和条款0.A.13
解析：
条款0.A.13: For periods beginning on or after 1 January 2011, total firm assets must be the aggregate fair value of all discretionary and non-discretionary assets managed by the firm. 自2011年1月1日起，公司的资产必须以公允价值计价。公司的资产包含自主支配的资产（discretionary assets）以及非自主支配的资产（non-discretionary assets）
条款3.A.1：non-discretionary portfolios must not be included in a firm’s composites. 对于公司不能自由支配的基金组合，禁止将其归入任何一个composite中。
由于新客户的domestic small-cap portfolio每次交易执行前都要求汇报，因此Sigma Investment没有自主支配权，不能将其归入任何一个composite中，但是非自主支配的资产仍属于firm assets。
放在total firm asset中，是什么意思？不展示业绩的意思，仅仅内部管理资产对吗