Jim Has Managed to Save $1,000 and Wants to Start

question 48

Multiple Choice

Jim has managed to save $1,000 and wants to start investing.The financial markets make him nervous as he has very limited financial resources.Which one of the following types of funds is probably best for Jim at this time?

• A)sector
• B)aggressive growth
• C)social conscience
• D)high yield
• E)balanced

---

Definitions:

Competitive

Relating to or characterized by competition; striving to gain or win something by defeating or establishing superiority over others.

Reminder

A reminder is a tool or message used to prompt or encourage individuals to remember and take action on a specific task, event, or behavior.

Product Advertisements

Advertisements that focus on selling a product or service and which take three forms: (1) pioneering (or informational), (2) competitive (or persuasive), and (3) reminder.

Nonpersonal Communication

Any form of message dissemination that does not involve direct personal contact, including mass media advertising, sales promotions, and public relations.