As a Shareholder in a Mutual Fund, You Should Receive

question 111

Multiple Choice

As a shareholder in a mutual fund, you should receive a(n)

• A)annual report.
• B)quarterly report.
• C)redemption fee sheet.
• D)letter from the president of the investment company that details what the fund's objectives are.
• E)copy of the annual mutual funds evaluation provided by Changing Times magazine.

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Definitions:

Postconventional Level

Kohlberg’s highest level of moral development, in which moral reasoning involves weighing moral alternatives; “right” is whatever furthers basic human rights.

Ethically Demanding

Refers to situations or decisions that require a high level of ethical consideration and moral judgement.

Preconventional

A stage in Kohlberg's theory of moral development where moral reasoning is based primarily on the consequences of actions and on rewards and punishments.

Moral Development

The process through which individuals learn and internalize societal norms and values regarding what is right and wrong, influencing their ethical behavior.