Milton Is Responsible for Administering a Very Large Mutual Fund's

question 3

Multiple Choice

Milton is responsible for administering a very large mutual fund's investment in a technology company.He carefully scrutinizes the company's acquisitions and a recent Take-over bid,however,he does not ever become involved in the day-to-day management of the company,preferring to just sit back and let the managers do their job.The mutual fund is _________shareholder in this example.

• A)a passive
• B)a minority
• C)both passive and active
• D)a majority
• E)an active

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