Which One of the Following Is a General Characteristic of a Tax-Managed

question 7

Multiple Choice

Which one of the following is a general characteristic of a tax-managed fund?

• A)low turnover rate
• B)concentration on income-producing securities
• C)high level of realized capital gains
• D)higher trading costs than average funds
• E)matching of dividend income to capital gains

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Definitions:

Allport

Gordon Allport, an influential psychologist known for his theory on personality traits and their influence on human behavior.

Jung

Refers to Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology and contributed theories such as the collective unconscious and archetypes.

Bandura

Albert Bandura, a psychologist recognized for his work on social learning theory, emphasizing the role of observational learning and self-efficacy.

Functional Autonomy

A concept by Gordon Allport suggesting that some behaviors become goals in themselves, independent of their original motives.