Internal Observations
Number of skulls (or pairs of jaw bones) found in your owl pellet:
Did you find any insect wings or exoskeleton? Yes No
If yes to the above question, list the number of wings and identify the exoskeleton:
Were you able to find bones other than the skull? Yes No
If yes to the above questions, list the types of bones found, e.g. vertebrate.
Complete this table based on the skulls found in your pellet.
Species
Number of Individuals
Assuming that the owl produces two pellets per day and the species found in your pellet are a good representation of the prey that owl will eat all year, how many individuals of each prey species would this owl consume in one year?
Sample Solution
characteristics of the whole portfolio. Steps in Portfolio Management process- Step 1: Planning step- this includes a return planning document that describes the clients investment objectives and the constraints that apply to the clients portfolio. This known as investment policy statement(IPS). IPS may state a benchmark such as a particular rate of return or the performance of a market index that can be used to assess the investment performance.The IPS should be reviewed and updated regularly-whenever there is a major change in clients objective constraints or circumstance occurs.Understanding the clients needs further includes their specification with respect to taxation ,liquidity, legal aspects etc. Step 2: The Execution step-This step involves constructing a suitable portfolio based on the IPS. This step consists of Asset allocation,Security analysis, and Portfolio constructions. Asset allocation involves assessing the risk and return characteristic of Available investments, Economic and Capital market expectations along with distribution between various asset classes. Asset allocation consist of two approaches which are: a. Top- Down Approach(This investment analysis includes examining of economic growth, monetary policy by central bank and bond prices and yields) b. Bottom-Up Approach(This involves analysis of a particular companies Financial ratios, Earnings, Revenue, Sales Growth, Financial analysis, Cash flow, Management performance and the companyâs Products and Market share.) Security Analysis- Analysts uses their detailed knowledge about individual industry and specific companies to arrive at a investment selection decision. Analyst assess the expected level and risk of cash flows that each security will produce.>
characteristics of the whole portfolio. Steps in Portfolio Management process- Step 1: Planning step- this includes a return planning document that describes the clients investment objectives and the constraints that apply to the clients portfolio. This known as investment policy statement(IPS). IPS may state a benchmark such as a particular rate of return or the performance of a market index that can be used to assess the investment performance.The IPS should be reviewed and updated regularly-whenever there is a major change in clients objective constraints or circumstance occurs.Understanding the clients needs further includes their specification with respect to taxation ,liquidity, legal aspects etc. Step 2: The Execution step-This step involves constructing a suitable portfolio based on the IPS. This step consists of Asset allocation,Security analysis, and Portfolio constructions. Asset allocation involves assessing the risk and return characteristic of Available investments, Economic and Capital market expectations along with distribution between various asset classes. Asset allocation consist of two approaches which are: a. Top- Down Approach(This investment analysis includes examining of economic growth, monetary policy by central bank and bond prices and yields) b. Bottom-Up Approach(This involves analysis of a particular companies Financial ratios, Earnings, Revenue, Sales Growth, Financial analysis, Cash flow, Management performance and the companyâs Products and Market share.) Security Analysis- Analysts uses their detailed knowledge about individual industry and specific companies to arrive at a investment selection decision. Analyst assess the expected level and risk of cash flows that each security will produce.>
