Which of the Following Statements Is NOT Correct

question 50

Multiple Choice

Which of the following statements is NOT correct?

• A)A mutual fund is usually run by an investment company.
• B)Mutual funds with lower expense ratios tend to outperform other funds with a similar investment objective.
• C)For each mutual fund, all expenses charged and reflected in the expense ratio are always valid.
• D)The SEC requires that a majority of the directors of a mutual fund board be independent.

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Definitions:

Marginal Listening

A poor form of listening where the listener gives minimal attention to the speaker, often leading to misunderstandings or miscommunication.

Active Listening

A technique of listening that involves paying full attention to the speaker, understanding their message, responding appropriately, and remembering the discussion, indicating respect and empathy.

Listening Level

The degree of attention and understanding demonstrated when receiving and processing information auditorily.

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.