Task: Property Constraint Reasoning (ontology: Business_Finance/Financial_Industry_Business_Ontology)

The property 'supervised by' applies to instances of 'collective investment vehicle', and 'managed investment' is a subclass of 'collective investment vehicle'. Which class can appear as the value of 'supervised by' for instances of 'managed investment'?

A. annual reporting policy
B. fund coupon policy
C. fund supervisory authority
D. fund investment objective

Answer: fund supervisory authority