Which Type of Mutual Fund Invests in High-Yield,high-Risk Corporate Bonds

question 55

Multiple Choice

Which type of mutual fund invests in high-yield,high-risk corporate bonds?

• A)Junk bond fund
• B)Intermediate corporate bond fund
• C)Municipal bond fund
• D)Short-term government bond fund
• E)World bond fund

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Definitions:

Overapplied

A situation where the allocated amount of indirect costs exceeds the actual amount spent.

Underapplied

A situation where the actual manufacturing overhead costs are more than what was allocated to products.

Predetermined Overhead Rate

A calculated rate that estimates the manufacturing overhead cost per unit of production, based on expected or historical data.

Machine-Hours

A measure of the amount of time a machine is operated during a given period, commonly used in manufacturing to allocate costs or to measure productivity.