An Example of a Lifecycle Fund Is a Fund That

question 64

Multiple Choice

An example of a lifecycle fund is a fund that

• A) Assists investors with planning for retirement by a specific date.
• B) Initially invests in conservative securities, then changes to invest in more risk-oriented securities as time goes by.
• C) Invests in shares of other mutual funds in order to increase diversification and asset allocation.
• D) Has principal protection as its main objective.
• E) None of these is an example of a lifecycle fund.

Recognize privacy law developments and the establishment of privacy torts in Canadian jurisprudence.

Know the penalties associated with violating Canada's Anti-Spam Legislation (CASL).

Understand the basic functioning and types of network devices.

Distinguish between TCP and UDP protocols including their characteristics and use-cases.

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Definitions:

Labor Efficiency Variance

A discrepancy between the actual working hours and the expected standard hours, multiplied by the predetermined salary rate.

Direct Labor Standards

Direct labor standards are predetermined measures for the amount of labor time and cost that should be associated with producing a unit of product or performing a service.

Standard Cost Variances

The differences between the actual costs and the standard costs for manufacturing or service processes, used to control and manage expenses.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.