Who Owns the Most Mutual Funds

question 71

Multiple Choice

Who owns the most mutual funds?

• A)Investors less than 20 years old
• B)Investors between 18 and 36 years old
• C)Investors between 37 to 52 years old
• D)Investors between 53 to 71 years old
• E)Investors over 72 years old

---

Definitions:

Expert Power

A form of influence based on the possession of expertise, knowledge, or skill that others need or value.

Valued Information

Information considered to be of significant importance or benefit to its recipients, often influencing decision-making processes.

Legitimate Power

Authority derived from a formal position or role within an organization, granting the power to influence and make decisions.

Formal Authority

The power given to an individual within an organization based on their position, allowing them to make decisions, direct others, and enforce obedience.