Which of the Below Statements Is FALSE

question 53

Multiple Choice

Which of the below statements is FALSE?

• A) The operating expense, also called the expense ratio, is debited annually from the investor's fund balance by the fund sponsor.
• B) The management fee, also called the investment advisory fee, is the fee charged by the investment advisor for managing a fund's portfolio.
• C) While covering the annual operating expenses, the fund prospectus does not provide the fees, which are imposed only at the time of a transaction.
• D) In 1980, the SEC approved the imposition of a fixed annual fee, called the 12b-1 fee, which is, in general, intended to cover distribution costs, including continuing agent compensation and manufacturer marketing and advertising expenses.

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Definitions:

ISAS

A shorthand presentation of the symbolic interactionist’s statement: Behavior of the individual is in response to symbols, relative to the audience, and relative to the situation.

Biological Aspects

The components or characteristics of an organism or any of its parts influenced by genetics and biology.

Interpretation

The process of explaining the meaning of something, often requiring the consideration of multiple perspectives or contexts.

Jack Kevorkian

An American pathologist who became a controversial figure for his role in assisting terminally ill patients to die, leading to nationwide debates on euthanasia.