Which of the Following Is False

question 36

Multiple Choice

Which of the following is false?

• A)The load is a sales commission paid to a broker to purchase mutual funds and by law cannot exceed 8.5 percent.
• B)An open-end mutual fund sells a limited number of shares like other corporations but usually does not buy back outstanding shares.
• C)Money market mutual funds differ from other mutual funds in that money market mutual funds deal only in money market instruments.
• D)The net asset value is the difference between the market value of the shares of stock that the mutual fund owns and the liabilities of the mutual fund divided by the number of outstanding shares.

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Definitions:

Foreperson

The leader or head of a jury, appointed to speak or act on behalf of the jury, including delivering the verdict.

Jury

A group of people sworn to render a verdict or decision in a legal case based on evidence presented to them in court.

Superordinate Goal

In intergroup conflict, an objective held in common by all conflicting groups that cannot be achieved by any one group without the supportive efforts of the others.

Ultimate Attribution Error

A perceptual bias occurring in intergroup relations. Negative behaviors by out-group members are attributed to stable, internal factors such as undesirable personal traits or dispositions, but positive behaviors by out-group members are attributed to unstable, external factors such as situational pressures or luck. As a result, in-group observers will blame the out-group for negative outcomes but will not give it credit for positive outcomes.