An Investment Consultant Is Recommending a Certain Class of Mutual

question 157

True/False

An investment consultant is recommending a certain class of mutual funds to the clienteles based on its exceptionally high probability of gain.It is an ethical practice to explain to the clienteles what the basis of her probability estimate is.

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Definitions:

Imperial Oil

A Canadian petroleum company that is a significant producer of crude oil, diluted bitumen, and natural gas, also involved in refining and marketing petroleum products.

Nonunion Committees

Groups formed within workplaces that are not affiliated with any labor union, often focusing on employee welfare and workplace issues.

Over-Empowered

Describes a situation or person having too much power or authority, leading to potential misuse or imbalance in a system or relationship.

Representative Employees

Workers chosen or elected to voice the concerns and interests of their colleagues during negotiations or in discussions with management.