Choose the Word or Phrase in [ ] Which Will

question 104

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Individuals would not trade among themselves in [a closed-end | an open-end] investment company.

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Definitions:

Ideals

Concepts or standards of perfection or excellence that are pursued as goals or benchmarks.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct, often addressing issues of morality.

Tradition

Customs, beliefs, or practices passed down through generations within a culture or society.