Which of the Following Is Not True Regarding Mutual Funds

question 38

Multiple Choice

Which of the following is not true regarding mutual funds?

• A) There are thousands of funds with many different investing objectives.
• B) They offer small investors diversification and professional management.
• C) Dividends received from their investments are used to pay operational expenses, and capital gains are passed on to the mutual fund shareowners.
• D) Both dividends and gains are distributed to mutual fund shareowners.

Recognize the main objectives of businesses and the role of accounting in achieving these objectives.

Understand the fundamentals of the accounting equation and its implications for business operations and financial reporting.

Understand how transactions affect stockholders' equity.

Differentiate between assets, liabilities, and stockholders' equity.

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Definitions:

Oregon Vocational Interest Scales

A psychometric testing instrument designed to assess an individual's interests in various vocational fields to aid in career guidance.

Intrinsically Motivated

A state of being driven by internal rewards such as personal satisfaction, interest, or enjoyment of the task itself.

Work Aligns

The concept of ensuring that one's job responsibilities and roles are in harmony with their personal values and career goals.

Satisfied

The feeling of contentment or fulfillment, typically after meeting a need, desire, or expectation.