Which of the Following Are Potential Benefits of Using Multi-Dimensional

question 28

Multiple Choice

Which of the following are potential benefits of using multi-dimensional performance reporting? I Managers are less likely to miss facets of performance that impact financial results.
II Performance measures can be more easily refined as strategies are changed and a better understanding of what works and what doesn't work is obtained.
III In developing the system managers will focus on understanding cause and effect relationships in the way the business operates resulting in the discovery of opportunities for improvements.

• A) Only I and II.
• B) Only II and III.
• C) Only I and III.
• D) I,II and III.

Calculate and interpret the net asset value (NAV) of mutual funds.

Differentiate between open-end and closed-end mutual funds, including their issuance and trading characteristics.

Recognize the role and performance comparison of actively managed funds vs. market indexes.

Analyze the impact of fees and distributions on mutual fund returns.

---

Definitions:

Artisan

A skilled craftsperson who makes or creates things by hand that may be functional or strictly decorative.

Lien

A legal right or claim against a property, typically used as security for a debt or charge that must be paid off when the property is sold.

Innkeeper

An innkeeper is a person or the owner of an establishment that offers lodging, and sometimes meals and entertainment, to travelers.

Repairs

The process of fixing or restoring something that is damaged, broken, or worn out to bring it back to its original condition.