The Anderson Balanced Mutual Fund Charges a Sales Load of 4.85

question 11

Multiple Choice

The Anderson Balanced mutual fund charges a sales load of 4.85%. If you invest $15,000, how much of your investment will actually be used to purchase shares in the fund?

• A) $14,250.00
• B) $14,272.50
• C) $14,400.00
• D) $14,485.00
• E) $15,000.00

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Definitions:

Token Economy

A behavioral modification system that uses tokens as a form of reinforcement for displaying desired behaviors, which can later be exchanged for various rewards.

Rewards

Positive outcomes or reinforcements that increase the likelihood of a behavior being repeated.

Penalties

Punishments imposed for violating rules, laws, or expectations, intended to deter undesirable actions.

Person-centered Therapy

A psychotherapeutic approach developed by Carl Rogers, emphasizing an individual's self-worth and values, ideal for fostering personal growth and self-discovery.