The Total Market Value of All Assets of a Mutual

question 28

True/False

The total market value of all assets of a mutual fund divided by the number of shares of the fund is known as the net asset value.

---

Definitions:

Total Revenue

The total amount of money a company receives from its goods or services over a specific time period, calculated by multiplying price by quantity sold.

Yearly Return

The total gain or loss experienced on an investment over a period of one year.

Fixed Costs

Costs that do not change with the level of output, such as rent, salaries, and insurance premiums.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of a firm to adjust its output.