The Process Whereby an Organization Seeks Recognition from Its Peer

question 5

Multiple Choice

The process whereby an organization seeks recognition from its peer groups through demonstrated compliance with developed standards is termed

• A) licensure.
• B) registration.
• C) accreditation.
• D) self-analysis.

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Definitions:

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to represent the per-share/unit value of the fund.

Assessment Value

The dollar value assigned to a property for purposes of measuring applicable taxes or insurance premiums.

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.