Which One of the Following Statements Is True

question 100

Multiple Choice

Which one of the following statements is true?

• A) Most mutual funds are managed funds.
• B) The role of a fund manager is not important because the investment company is always changing managers.
• C) You should ignore fees when comparing mutual funds.
• D) Managed funds are usually index funds.
• E) A team of managers is always better than a single fund manager.

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Definitions:

Contempt

A feeling of disdain or scorn towards something or someone considered to be worthless or inferior.

Individualistic Culture

A culture characterized by a preference for independence, personal achievements, and a belief in individual rights above those of the group.

China

A country in East Asia, known for its rich history, cultural heritage, and as being the most populous nation in the world.

United States

A country located in North America consisting of 50 states and a federal district, known for its large size, diverse population, and leading role in world affairs.