The Net Asset Value of a Mutual Fund Increased from $12.03

question 116

Multiple Choice

The net asset value of a mutual fund increased from $12.03 to $13.53, but its price per share increased by only $1.26. This information indicates that the fund

• A) paid out $1 in capital gains.
• B) paid out $1 in dividends.
• C) is a closed-end fund.
• D) is an open-end fund.

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Definitions:

Critical Incidents Method

A performance appraisal method that focuses on the most significant events (or incidents) involving the employee during the review period.

Graphic Ratings Method

A performance evaluation technique where employees are rated on predefined categories using a visual scale or graph.

Essay Method

A trait approach to performance rating that requires the rater to compose a statement describing employee behaviour.

Critical Incidents Method

A performance appraisal method focusing on the most significant actions of an employee, either positively or negatively impacting their job effectiveness.