Pete Was Surprised How Quickly He Became Short of Breath

question 70

Multiple Choice

Pete was surprised how quickly he became short of breath while playing a pick-up game of basketball with his co-workers. He has been smoking for several years and is finally thinking about quitting, but is uncertain as how to go about it. Pete is at which stage in the stages of change model?

• A) precontemplation
• B) contemplation
• C) preparation/determination
• D) action/willpower

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Definitions:

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission, allowing investors to put more of their money directly into investments.

Expense Ratio

The annual fee that mutual funds, index funds, and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.

NAV

NAV, or Net Asset Value, is the per-share value of a mutual fund or an exchange-traded fund (ETF), calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.

Mutual Fund

A financial instrument that pools money from various investors to invest in different types of securities, including stocks, bonds, money market instruments, and additional assets.