Nearly all mutual funds operate as regulated investment companies. This means that
A) they are no-load funds.
B) portfolio decisions are mandated by government authorities.
C) they do not pay taxes on their income.
D) their investments are guaranteed by the FDIC.
Answer: C
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Which of the following statements about misrepresentation is most likely true?
A. Even if the salesperson misrepresentation statement is made innocently, many courts will award damages to the customer. B. When salespeople loosely describe their product or service in glowing terms, those statements can be relied upon by the potential buyer. C. Generally, the more knowledgeable the customer, the greater the chances the court will interpret an incorrect statement by a salesperson as an actionable misrepresentation. D. When a salesperson makes claims of a "factual nature" regarding a service's inherent capabilities, the law does not treat these comments as statements of fact and warranties. E. A salesperson's opinion about the quality of the product being sold is known as sales puffery and is legally actionable.
A firm that assumes a problem will eventually go away or be forgotten if it is ignored is using the defensive approach to crisis management
Indicate whether the statement is true or false
The process by which management allocates available investment funds among competing capital investment proposals is termed present value analysis
Indicate whether the statement is true or false