Mutual fund investors delegate all of the following decisions to the fund's managers EXCEPT

A) which companies and industries to invest in.
B) when to buy and sell individual stocks.
C) how many securities to hold in the portfolio.
D) how to allocate investments among different classes of assets such as stocks, bonds, cash and real estate.


Answer: D

Business

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What will be an ideal response?

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For manufacturing firms, the cost of completed products remains on the balance sheet as __________ assets until the firm sells the products; upon sale, the cost of the assets becomes a cost of goods sold expense

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