Which of the Following Is True About Mutual Fund Expenses

question 21

Multiple Choice

Which of the following is True about mutual fund expenses?

• A)International equity funds often have higher MERs.
• B)The MERS of all kinds of funds are roughly the same.
• C)Management fees include all sales and administration expenses.
• D)The funds with higher MERs pay the sales people the most.

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Definitions:

Expert Planning

Strategic planning carried out by individuals with specialized knowledge and skills in a particular area.

Contingency Planning

Identifies alternative courses of action for use if and when circumstances change with time.

Tactical Plan

A short-term, detailed plan outlining how to achieve specific goals within a strategic framework, often focusing on immediate actions and resources.

Functional Plan

A strategic plan that is specific to a department or function within an organization, detailing objectives, resources, and timelines.