Which One of the Following Statements Concerning Mutual Funds Is

question 87

Multiple Choice

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

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

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Definitions:

Administrative Processes

The routine activities carried out in the daily operations of an organization that support its functioning and management.

Information

Information refers to data that is organized, processed, or structured in a way that makes it meaningful and useful for decision-making, analysis, or understanding a situation.

Quality Control Costs

Expenses associated with ensuring products or services meet a company's standards and customer expectations.

Failing to Control

The inability to effectively manage or regulate operations, resources, or processes within an organization or system.