As a Result of Illegal and Abusive Activities in Recent

question 73

Multiple Choice

As a result of illegal and abusive activities in recent years, new rules and regulations were imposed on mutual fund companies in 2004. These rules were intended to

• A)close legal loopholes that some fund managers had abused.
• B)improve fund governance.
• C)give investors more information about conflicts of interest.
• D)ensure the accuracy of information given to regulators.
• E)All of the above.

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Definitions:

Open Shops

Workplaces where employees are not required to join a union as a condition of employment, allowing freedom of association.

Job Turnover

The rate at which employees leave a workforce and are replaced by new ones, impacting both individual organizations and the broader economy.

Union Workers

Employees who are members of a labor union, which negotiates wages, work conditions, and other employment terms on their behalf.

Right-To-Work Laws

Legislation that allows employees to work without being forced to join or financially support a union as a condition of employment.