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:

Goodyear Tire And Rubber

A renowned tire and rubber manufacturing company known for its innovation and global footprint in the automotive industry.

United Steelworkers

A major labor union in the United States and Canada, representing workers in various industries, especially in manufacturing and steel production.

Taft-Hartley Act

The Taft-Hartley Act is a 1947 United States federal law that restricts the activities and power of labor unions.

Strikes

Work stoppages caused by the mass refusal of employees to work, aimed at protesting against employers' terms.