A Mutual Fund Has the Following Share Characteristics: Shares Are

question 63

Multiple Choice

A mutual fund has the following share characteristics: Shares are offered at the NAV with no front-end load,a 12b-1 fee of 1 percent is charged,a back-end load of 1 percent is charged only if the shares are sold by the investor within one year of purchase,and the shares do not convert to any other class of shares.These shares would be classified as

• A)Class A shares.
• B)Class B shares.
• C)Class C shares.
• D)Class D shares.

Understand the concept of outsourcing and make-or-buy decisions.

Analyze special orders and determine their financial implications.

Evaluate the use of constrained resources to maximize profitability.

Apply costing methods to real-life business scenarios.

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Definitions:

Balance of Payments

A financial statement summarizing a country's transactions with the rest of the world over a specified period, including trade, investment, and financial transfers.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Balance Of Trade

The difference between a country's exports and imports of goods, without including services.

Goods Exports

Refers to the selling and shipment of tangible products from one country to another, contributing to a nation’s gross domestic exports.