Portfolio Management Q156
- A
risk managers are expected to predict risks.
- B
the effect of the outcome of a predictable or an unpredictable event would not surprise the risk manager and the effect would have been quantified and considered in advance.
- C
the effect of the outcome of a predictable or an unpredictable event would not surprise the risk manager, but it would be difficult to quantify it in advance.
- Option : B
- Explanation : The “Doctrine of No Surprises” states that the effect of the outcome of a predictable or an unpredictable event would not surprise the risk manager and the effect would have been quantified and considered in advance.
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