单选题 Which of the following best describes the importance of the policy statement? It: A. limits the risks taken by the investor. B. maximizes the returns to the investor. C. states the standards by which the portfolio's performance will be judged.

【正确答案】 C

【答案解析】The policy statement should state the performance standards by which the portfolio's performance will be judged and specify the benchmark that represents the investors risk preferences.