Which One of the Following Statements Is False

question 52

Multiple Choice

Which one of the following statements is false?

• A) As an investor, you should be concerned with how long a fund manager has been managing a mutual fund.
• B) Often, a fund's success is tied to the manager's ability to buy and sell securities in the fund.
• C) If a manager has been managing a fund for 5 or 10 years, it is time to change managers and get someone with new ideas.
• D) Ultimately, the fund manager is responsible for a fund's success.
• E) Managed funds may be open-end funds or closed-end funds.

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Definitions:

Reproductive Advantages

Biological or behavioral traits that increase the likelihood of an organism's genes being passed on to subsequent generations.

Environmentally Adaptive Traits

Characteristics or behaviors that enhance an organism's ability to survive and reproduce in specific environmental conditions.

Charles Darwin

A 19th-century naturalist best known for his contributions to the science of evolution, indicating that all species of organisms arise and develop through the natural selection of small, inherited variations that increase the individual's ability to compete, survive, and reproduce.

Nature

The innate qualities and genetic factors that influence a person's characteristics and behaviors, as opposed to environmental influences.