A Mutual Fund Had Average Daily Assets of $3

question 100

Multiple Choice

A mutual fund had average daily assets of $3.0 billion in 2016. The fund sold $600 million worth of stock and purchased $700 million worth of stock during the year. The fund's turnover ratio is

• A) 27.5%.
• B) 12%.
• C) 15%.
• D) 25%.
• E) 20%.

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Definitions:

Destructive Conflict

A type of conflict that deteriorates relationships, disrupts team harmony, and reduces organizational effectiveness.

Relations-Oriented

A leadership approach focused on building strong interpersonal connections and teamwork.

Harmonizing

The process of bringing different elements into a coherent or compatible arrangement, often used in context with music, relationships, or ideas.

Diversity Competency

Diversity competency involves understanding and appreciating differences among people, including culture, race, gender, and religion, fostering an inclusive environment.