A No-Load Mutual Fund

question 76

Multiple Choice

A no-load mutual fund

• A) May allow investors to pay a sales charge.
• B) Charges commission when you buy shares.
• C) Uses salespeople to sell the funds.
• D) Is available only via the Internet.
• E) Can charge a 12b-1 fee of up to 0.25% of its assets.

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Definitions:

Mentor

An experienced and trusted advisor who provides guidance, support, and wisdom to a less experienced individual, known as a mentee.

Behaviorism

A theoretical approach that studies behavior through observation and empirical measurement, disregarding subjective mental states.

Inner States

Refers to an individual's internal psychological conditions, such as emotions, thoughts, and feelings.

Path-goal Theory

A leadership theory suggesting that the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure their goals are compatible with the objectives of the group or organization.