A Load Fund Is a Mutual Fund in Which Investors

question 67

True/False

A load fund is a mutual fund in which investors pay a commission every time they sell or redeem shares.

---

Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing or production of a specific product.

Direct Labor

Direct Labor is the labor cost directly associated with the production of goods or services, which can be easily traced to individual units of products.

Conversion Costs

Manufacturing costs, including direct labor and overhead, that are incurred in converting raw materials into finished products.

Process

A series of actions or steps taken to achieve a particular end in a business or manufacturing environment.