The evaluation and subsequent purchase or sale of investments is based on the judgment of the entity's investment and finance committees.
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A. B.A
Option A, "True," is correct. The evaluation and subsequent purchase or sale of investments typically involves a committee within an entity responsible for investment and finance decisions.
These committees are generally composed of individuals with expertise in finance, investments, accounting, and other relevant fields. They are responsible for evaluating and selecting investments based on a variety of factors, including the entity's investment goals, risk tolerance, and market conditions.
Once the committee has evaluated and selected an investment, they will often make a recommendation to the entity's board of directors or senior management, who will ultimately make the decision to purchase or sell the investment.
In summary, the evaluation and subsequent purchase or sale of investments is typically based on the judgment of the entity's investment and finance committees. Therefore, option A is the correct answer.