A Mutual Fund Had Average Daily Assets of $4

question 41

Multiple Choice

A mutual fund had average daily assets of $4.0 billion in 2016.The fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year.The fund's turnover ratio is

• A)37.5%.
• B)22%.
• C)15%.
• D)45%.

Apply economic principles to group dynamics and productivity.

Calculate and interpret average, marginal, and total costs.

Assess cost-benefit scenarios in business operations.

Apply principles of economics to personal financial decisions.

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Definitions:

Direction

The point, objective, or targeted goal; the establishment of purpose as an essential leadership function.

Warmth

A quality of being friendly, kind, or considerate, often creating a comfortable and welcoming atmosphere.

Introspection

The examination or observation of one's own mental and emotional processes.

Interpersonal Conflicts

Disagreements or disputes between individuals resulting from differing views, goals, or values.