When Any Assets of a Superannuation Fund Are Externally Managed

question 50

Multiple Choice

When any assets of a superannuation fund are externally managed, the predominant controls are:

• A) controls for safeguarding the assets under management.
• B) controls for the processing of transactions related to the assets under management.
• C) both A and B above
• D) none of the above

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Definitions:

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes to fixed costs and profit.

Variable Costs

Expenses that fluctuate in proportion to the activity or quantity of goods produced.

Operating Income

Earnings before interest and taxes, representing the profit from a company's core business operations.

Unit Selling Price

The amount of money charged to the customer for each individual unit of a product or service.