Which One of the Following Statements Concerning Managed Funds Is

question 6

Multiple Choice

Which one of the following statements concerning managed funds is correct?

• A) Managed funds are generally highly concentrated portfolios.
• B) The selection of individual securities remains with the managed fund investor.
• C) The managed fund industry is the largest financial intermediary in the United States.
• D) Managed funds were first created in the 1980s.

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Definitions:

Workers' Compensation Insurance

Insurance that provides wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence.

Employee's Benefit

Various forms of compensation provided to employees beyond salaries, including health insurance, retirement plans, and paid vacation.

Personal

Relating to or affecting a particular person rather than anyone else; this term is often used in law to distinguish between an individual's private affairs and their public or business roles.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.