Performance fees based on profits earned by the fund are typical of
A) hedge funds.
B) exchange-traded funds.
C) closed-end investment companies.
D) open end mutual funds.
Answer: A
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A continuous random variable is uniformly distributed between a and b. The probability density function between a and b is
A. zero. B. (a - b). C. (b - a). D. 1/(b - a).
Section 4205 of the Patient Protection and Affordable Health Care Act requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items and supply information on how many calories a healthy
person should eat in a day. The provisions of this legislation are enforced by the ________. A) Federal Food and Drug Administration B) United Nations C) Federal Trade Commission D) Consumer Product Safety Commission
Damages is a remedy at law.
Answer the following statement true (T) or false (F)
A profit maximization pricing objective
A. does not always lead to high prices. B. is a status quo-oriented pricing objective. C. is often stated as percentage of market share. D. is a sales-oriented pricing objective. E. can never be socially responsible.