Homework 1. The first step of performance evaluation is: A attributing performance. B measuring relative returns. C measuring absolute returns. 2 - The Sharpe ratio is used in the performance evaluation process to: A adjust return for risk. B attribute performance. C measure absolute returns. . 3. The measurement of relative returns involves comparing the fund manager?s holding period return with: A a measure of risk. B the return on a benchmark. C the fund manager?s past performance