A Fund Is Set Up to Charge a Load

question 50

Multiple Choice

A fund is set up to charge a load. Its net asset value is $17.70 and its offer price is $18.60. What is the dollar value of the load (commission) ?

• A)$18.60
• B)$17.70
• C)$.95
• D)$.90
• E)$.50

Calculate the sales volume needed to attain a specific target profit.

Assess the financial viability of spending on advertising based on its potential to increase sales.

Understand the calculation and significance of the margin of safety percentage.

Recognize the effect of sales mix shifts on the break-even point.

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Definitions:

Unconditioned Stimuli

A stimulus that naturally triggers a reflexive response without prior conditioning.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.