An Organisation Is a Group of Two or More People

question 50

True/False

An organisation is a group of two or more people working together to achieve common goals.

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Definitions:

Net Asset Value

The total value of a fund's assets minus its liabilities, often used to determine the value of shares in a mutual fund or ETF.

Year-End Assets

The total value of all assets that a company or individual owns at the end of a fiscal year.

Liabilities

Financial obligations or debts owed by a person or business to others, required to be repaid over time.

Operating Expense Fee

Fees charged by mutual funds and investment companies for the cost of managing the fund, including administrative and management services.