IAM The Institute of Asset Management Certificate IAM-Certificate Question # 3 Topic 1 Discussion

IAM The Institute of Asset Management Certificate IAM-Certificate Question # 3 Topic 1 Discussion

IAM-Certificate Exam Topic 1 Question 3 Discussion:
Question #: 3
Topic #: 1

Which of the following statements best describes the difference between an Asset Management Policy and an Asset Management Strategy?


A.

Policy defines objectives and time; strategy defines principles


B.

Policy defines principles; strategy certifies condition


C.

Policy defines objectives and time; strategy summarizes work plans


D.

Policy defines principles; strategy defines objectives and time


E.

Policy defines financial trade-offs; strategy summarizes planning


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