A(n) _____ Oversees a Mutual Fund's Portfolio and Makes the Buy

question 64

Multiple Choice

A(n) _____ oversees a mutual fund's portfolio and makes the buy and sell decisions.

• A) transfer agent
• B) distributor
• C) investment advisor
• D) regulator
• E) custodian

---

Definitions:

Discretionary

Pertains to expenses or investments that are not essential for the operation of a business or the living standards of an individual and can be adjusted or eliminated.

Support Processes

Support processes are the administrative and facility-related activities in an organization that assist in the production of goods or delivery of services but are not directly involved in the primary operations.

Value Chain

A model that describes the full range of activities required to create a product or service, from conception through the different phases of production to eventual delivery to the consumer.

Mass Services

Services provided to a large number of customers with standardized processes, often seen in the banking and retail sectors.