A Mutual Fund Is Created by Which One of the Following

question 82

Multiple Choice

A mutual fund is created by which one of the following parties?

• A) fund shareholders
• B) fund's board of directors
• C) SEC
• D) investment advisory firm
• E) discount broker

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Definitions:

Satisfaction or Dissatisfaction

An individual's feeling of pleasure or disappointment resulting from comparing a product's perceived performance against expectations.

Post-Purchase Evaluation

The process consumers undergo after buying a product, assessing their satisfaction and the product's performance against expectations.

Satisfice

A decision-making strategy that aims for a satisfactory or adequate solution, rather than an optimal one.