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Describe the four key functions of management and give an example of how they can be implemented to enhance management control.
Balanced Funds
Mutual funds that invest in a mix of asset classes, usually stocks and bonds, aiming to reduce risk through diversification.
Restricted Stock
Shares of a company that are granted to employees as part of their compensation, subject to vesting periods and other restrictions.
Commingled Funds
Investment funds that pool assets from various accounts, combining them into one larger portfolio to achieve economies of scale and diversification.
Tax-efficient
Describing an investment strategy or financial plan designed to minimize tax liability and maximize after-tax returns.
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