A Private Equity Fund

question 97

Multiple Choice

A private equity fund:
I. is set up as a limited partnership
II. usually uses a 2/20 fee structure
III. places no constraints on manager compensation
IV. typically has a stated life of 7 to 10 years

• A)I and II only
• B)I and III only
• C)I, II and III only
• D)I, II and IV only
• E)I, II, III, and IV

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Definitions:

Purchase Task

The specific activities involved in buying goods or services, including research, evaluation, decision-making, and the act of purchasing.

Problem Recognition

The initial step in the buying process where a consumer identifies a need or problem that requires a solution.

Prepuchase Behavior

Actions and decision-making processes undertaken by consumers before making the final decision to buy a product or service, including research and evaluation of alternatives.

Information Search

The process consumers go through to gather information about products or services before making a purchasing decision.