Auditors Should Be Aware That the Investment Objectives of a Mutual

question 14

Multiple Choice

Auditors should be aware that the investment objectives of a mutual fund are usually based on a risk profile outlined in the fund prospectus. For example, aggressive growth funds may invest in highly volatile stock issues and a money market fund may invest in lo -risk money market instruments. Other funds have investment objectives based on the type or location of companies they invest in, such as:

• A) Funds that invest only in non-profit organizations
• B) Funds that invest only in environmentally conscious companies
• C) Funds that invest only in U.S. government organizations
• D) None of these

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Definitions:

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women, culturally defined in contrast to masculinity.

"Neutral" Toys

"Neutral" Toys are toys designed without gender stereotypes in mind, encouraging play and learning experiences for all children, regardless of their gender.

Cross-sectional

A research design that collects data from different individuals of different ages or developmental stages at a single point in time.

Longitudinal

A type of study or research design that follows the same subjects over a period of time to observe changes or developments.