Which of the following is NOT a benefit of a mutual fund?
A) They can be traded by investors at will.
B) They are managed by professionals with investment expertise.
C) They distribute risk across a variety of securities.
D) They offer a wide range of investment strategies.
E) They are an economical way to invest.
Answer: A
Explanation: A) Traditional mutual fund shares cannot be traded at any time; they can only be purchased or sold at the end of the trading day. This limits investors' control over the pricing of mutual fund purchases and sales.
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Which of the following is most likely a true statement about social class?
A) Members of a social class vary drastically in their values, interests, and behaviors. B) In the United States, the lines between social classes are fixed and rigid. C) Social classes show distinct product preferences in areas such as clothing. D) Wealth is a more important variable than education in measuring social class. E) Consumers of the same age belong to the same social class.
On the right side of the accounting equation are two types of claims against resources. Explain what they are and give an example of an item that would increase each. Which type of claim has priority?
Gross margin and contribution margin are always equal
Indicate whether the statement is true or false
Why is it beneficial for a firm to use a contract manufacturer or contract service provider? Provide at least one example of a firm that uses a contract provider and the benefit experienced because of this.
What will be an ideal response?