Which One of the Following Statements Is False

question 53

Multiple Choice

Which one of the following statements is false?

• A) The responsibility for choosing the right mutual fund rests with the individual investor.
• B) Professional fund managers do make mistakes.
• C) Although investing in mutual funds provides professional management, individual investors should continually evaluate their mutual fund investments.
• D) There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds.
• E) Individual investors should be involved in choosing a mutual fund because they know how the objectives of a mutual fund match their own investment objectives.

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Definitions:

UCC Article 9

A provision of the Uniform Commercial Code that governs secured transactions involving personal property, outlining the process for creating and enforcing security interests.

Writing Requirement

A legal stipulation that certain contracts or agreements must be documented in writing to be enforceable.

Implied Warranty

A legal assumption in commerce that the goods or services sold meet certain quality standards, even if not explicitly stated by the seller.

Assignment

The transfer of rights, property, or obligations from one party to another.