The Turnover Ratio Is a Measure of a Fund's Trading

question 10

True/False

The turnover ratio is a measure of a fund's trading activity.

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Definitions:

Ownership Transferable

A characteristic of property rights or shares that allows them to be passed from one individual or entity to another.

Limited Liability Company

An enterprise structure that fuses the tax handling advantages of partnerships or sole proprietorships with the limited liability feature of corporations.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders. Corporations enjoy many of the rights and responsibilities that individuals possess.

Corporate Double Taxation

A tax principle where a corporation's income is taxed at both the corporate level and again as shareholder dividends at the personal level.