While Many Exceptions Exist, the Average Load Charge for Mutual

question 131

Multiple Choice

While many exceptions exist, the average load charge for mutual funds ranges between what percent of the purchase price?

• A) 1-3
• B) 2-4
• C) 3-5
• D) 4-6
• E) 5-7

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Definitions:

Job Classification System

A system of job evaluation in which jobs are classified and grouped according to a series of predetermined wage grades.

Point System

A quantitative job evaluation procedure that determines the relative value of a job by the total points assigned to it

Work Evaluation

The process of assessing the performance of employees or tasks, typically to inform decisions about promotions, salaries, or training needs.

Water Catchment

An area of land where precipitation collects and drains off into a common outlet, such as a river, bay, or other body of water.