Consider a Mutual Fund with 100 Shareholders Who Each Invested

question 1

Multiple Choice

Consider a mutual fund with 100 shareholders who each invested $10 for a total of $1,000.If the assets of the mutual fund are worth $900,what is the net asset value for each one of the mutual fund shares?

• A)$0.9.
• B)$9.
• C)$90.
• D)$10.

Define and differentiate between disposable, discretionary, and gross income.

Appreciate the cultural value of social action and its impact on business practices.

Understand the concept of value consciousness among consumers.

Recognize how external economic forces like inflation and recession affect the overall economy and individual financial decisions.

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Definitions:

Distributive Justice

The ethical principle concerning the fair allocation of resources and goods among members of a society.

Retributive Justice

The fair use of punishment.

Human Right

A right that is believed to belong justifiably to every person, including basic freedoms and protections, irrespective of their nationality, sex, ethnic origin, color, religion, language, or any other status.

Tortured

Subjected to severe physical or emotional pain or suffering.