A Professionally-Managed Portfolio of Assets Intended to Provide Income to Retirees

question 44

Multiple Choice

A professionally-managed portfolio of assets intended to provide income to retirees is called:

• A) a mutual fund.
• B) a stock.
• C) a derivative.
• D) investing by proxy.

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Definitions:

Adequate Compensation

Refers to fair and sufficient payment or remuneration provided to employees for their work, balancing their contributions with their earnings.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a hierarchical pyramid with physiological needs at the base, ascending to self-actualization at the top.

Esteem Needs

According to Maslow's hierarchy, these are the fourth level of human needs, including self-esteem, confidence, achievement, and respect from others.

Self-Actualization Needs

The highest level on Maslow's hierarchy of needs, referring to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.