In deciding if a no-load mutual fund is a good investment for you, you should carefully consider all of the following except
A) the fund's investment objective.
B) the fund's previous managers.
C) the fund's investment strategy.
D) your risk tolerance level.
Answer: B
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________ is a probability sampling technique in which each element in the population has a known and equal probability of selection.
A) Stratified sampling B) Simple random sampling C) Systematic sampling D) Cluster sampling
Assume that fixed costs of $1000 could be eliminated if Product B was dropped. Assume furthermore that dropping one product would not impact sales of the other. If Product B is dropped, what would be the impact on total operating income of the company?
A company has two different products that are sold in different markets. Financial data are as follows:
A) increases by $1000
B) increases by $1400
C) increases by $400
D) increases by $2000
The Department of Motor Vehicles (DMV) can service customers at a rate of 20 per hour (or 1/3 per minute) when it comes to license renewals. The service time follows an exponential distribution
What is the probability that it will take less than 2 minutes for a particular customer to get a license renewal? A) 1 B) 0.487 C) 0.513 D) 0 E) 0.1
A firm has just ended its calendar year making a sale in the amount of $150,000 of merchandise purchased during the year at a total cost of $112,500
Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The net profit and cash flow from this sale for the year are ________. A) $0 and $150,000, respectively B) $37,500 and -$150,000, respectively C) $37,500 and -$112,500, respectively D) $150,000 and $112,500, respectively