A Private Equity Fund

question 7

Multiple Choice

A private equity fund:
I.is set up as a limited partnership
II.usually use a 2/20 fee structure
III.place no constraints on manager compensation
IV.typically have a stated life of 7 to 10 years

• A)I and II only
• B)I and III only
• C)I, II and III only
• D)I, II and IV only
• E)I, II, III, and IV

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Definitions:

Construction Contracts

Agreements between a contractor and client for the provision of construction services, detailing the project's scope, terms, and conditions.

Progress Payments

Partial payments made for work completed to date, common in long-term projects to provide cash flow to contractors or suppliers before the final product is delivered.

Contractor

A person or company that undertakes a contract to provide materials or labor to perform a service or do a job.

Billings

The total amount of business conducted or billed to clients over a particular period, often used in professional firms.