Phyllis Payne Is Buying Shares in a Mutual Fund That

question 70

Multiple Choice

Phyllis Payne is buying shares in a mutual fund that invests in companies with a long history of paying a dividend whose objective is to provide income to shareholders.What type of mutual fund is she buying?

• A)Aggressive growth fund
• B)Equity income fund
• C)Global stock fund
• D)International fund
• E)Regional fund

---

Definitions:

Morally Disengage

The psychological process where individuals justify their unethical actions to themselves or others, thus easing the guilt associated with such behaviors.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

Character Trait

A distinguishing quality or attribute of an individual's personality.

Ethical Treatment

The application of morally correct procedures and interactions, especially in professional and personal relations.