INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 140

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The NAV would indicate the price at which you could buy shares in a [load | no load] mutual fund.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

All Capital Letters

The use of uppercase letters for an entire word or phrase, often to grab attention or denote emphasis.

E-Mail

Allows information to be sent electronically through a system that delivers the message immediately to any number of recipients.

Markup

The dollar amount added to the product cost to determine its selling price.

Product Cost

The total expense incurred to produce and deliver a product to the market, including raw materials, labor, and overhead costs.