The Three Main Ethical Principles Outlined in the Belmont Report

question 83

True/False

The three main ethical principles outlined in the Belmont Report are: respect for persons, beneficence, and justice.

Explain the processes involved in purchasing, managing, and withdrawing from mutual funds.

Understand the role and functions of rating agencies in evaluating mutual funds.

Identify key organizations that rate mutual funds and their methodologies.

Recognize the importance of performance comparison in mutual fund investments.

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Definitions:

Correcting Entry

An accounting entry made to amend errors found in the financial statements after they have been finalized.

Balance Incorrectly

An error condition where the totals of the debit and credit sides of an account (or the entire accounting ledger) do not match.

Trial Balance Preparation

The process of summarizing all the financial transactions in a company's general ledger accounts to ensure debits equal credits.

Account Balance

The amount of money in a financial repository, such as a checking account or investment account, at any given time.