"the is a portfolio strategy that managers use to categorize their corporation's businesses by growth rate and relative market share. this strategy them to decide how to invest corporate funds"

Active Portfolio Management

Explanation:

Active portfolio strategy is used to categorize a corporation business with a focus on generating return on investment that is above industry standard.  For instance, if industry standard is 10 percent for a particular mutual fund. A portfolio manager will seek to invest the corporation business in an aggressive market that will yield a percentage higher than 10 percent. perhaps 11, 12 or 13 percent.

$3.48

Explanation:

Net income ÷Shares of common stock outstanding + Preferred stock convertible shares of common stock.

Net income 6,800,000

Shares of common stock outstanding 1,200,000

Preferred stock convertible 750,000

Hence:

$6,800,000/ ($1,200,000 + $750,000)

=$6,800,000/$1,950,000

=$3.48

Therefore the diluted earnings per share for 2021 is $3.48