Which of the Following Statements Is CORRECT

question 30

Multiple Choice

Which of the following statements is CORRECT?

• A) Hedge funds are legal in Europe and Asia, but they are not permitted to operate in the United States.
• B) Hedge funds have more in common with commercial banks than with any
• Other type of financial institution.
• C) Hedge funds have more in common with investment banks than with any
• Other type of financial institution.
• D) Hedge funds are legal in the United States, but they are not
• Permitted to operate in Europe or Asia.
• E) The justification for the "light" regulation of hedge funds is that only "sophisticated" investors with high net worths and high incomes are permitted to invest in these funds, and such investors supposedly can do the necessary "due diligence" on their own rather
• Than have it done by the SEC or some other regulator.

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Definitions:

Management

The process of dealing with or controlling things or people, involving planning, organization, leadership, and supervision to achieve organizational goals.

Virtual Team

A group of individuals who work across time, space, and organizational boundaries, and interact through technology.

Videoconferencing

A technology that allows people in different locations to hold face-to-face meetings without having to move to a single location.

Maternity Leave

A period of absence from work granted to a mother before and after the birth of her child.