The Advantage of Mutual Funds Is That They

question 58

Multiple Choice

The advantage of mutual funds is that they

• A) require no cash up front.
• B) give investors with relatively small amounts of cash to invest access to large-denomination securities.
• C) always yield the highest returns.
• D) both A and B of the above.

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Definitions:

Direct Labour

The cost of wages for employees who directly manufacture or produce goods and services.

Raw Materials

The basic materials from which a product is made, often referred to in the context of manufacturing and production industries.

Assemblers

Individuals or machines that put together components to create a finished product.

Partnership

A legal form of business operation between two or more individuals who share management and profits.