________ Have a Set Dollar Goal the Fund Manager Wants

question 137

Multiple Choice

________ have a set dollar goal the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors.

• A) No-load funds
• B) Closed-end funds
• C) Drop-off funds
• D) Zero-sum load funds

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Definitions:

Manufacturing Company

A manufacturing company is an enterprise that uses raw materials, parts, and components to assemble finished goods on a large scale.

President's Salary

indicates the fixed annual compensation paid to the company's highest-ranking officer.

Period Cost

Costs that are expensed in the period in which they are incurred, typically not directly tied to production activities, such as administrative expenses.

Wages Of Salespersons

Refers to the payments made to sales staff, which may include both fixed salaries and variable commissions based on sales performance.