Which One of the Following Statements Is Not Characteristic of Mutual

question 92

Multiple Choice

Which one of the following statements is not characteristic of mutual funds?

• A) They are always considered to be financial institutions.
• B) They raise money by selling shares to investors.
• C) They pool the savings of many investors.
• D) They offer professional management and portfolio diversification.

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Definitions:

Tolerate Failure

The capacity of an organization or system to endure and learn from failures without suffering catastrophic consequences.

Value Engineering

A systematic approach to improve the 'value' of products or services by using an examination of function. Value can be increased by either improving the function or reducing the cost.

Quality Function Deployment (QFD)

A process for determining customer requirements (customer “wants”) and translating them into the attributes (the “hows”) that each functional area can understand and act on.