The Single Responsible Entity of a Fund Has a Responsibility

question 45

Multiple Choice

The single responsible entity of a fund has a responsibility to:

• A) create a constitution for the fund.
• B) ensure the funds assets are valued at regular intervals.
• C) ensure compliance with the Corporations Law.
• D) all of the above.

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Definitions:

ROI

Return on Investment; a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Operating Assets

Assets that are used for the day-to-day functioning of a business and can include cash, inventory, and buildings.

Direct Fixed Costs

Costs that are constant for a certain level of production or period but are directly tied to the production process.

Profit Center Manager

A manager responsible for overseeing a business segment or department that is judged on its ability to generate profit.