Which of the Following Combines Some of the Operating Characteristics

question 39

Multiple Choice

Which of the following combines some of the operating characteristics of an open-end fund with some of the trading characteristics of a closed-end fund?

• A) Preferred fund
• B) Common fund
• C) Exchange-traded fund (ETF)
• D) Net asset fund
• E) Unit investment fund

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Definitions:

Weighted-Average Method

A costing method that averages the costs of goods available for sale during the period for the calculation of cost of goods sold and ending inventory.

Processing Department

A specific unit within a manufacturing facility where a distinct phase of production is carried out, like assembly or packaging.

Cost Per Unit

This refers to the total expense incurred to produce, store, and sell one unit of a product or service.

Materials

The raw items or components used in the production of goods.