A Closed-End Fund Versus an Open-End Fund Refers to

question 7

Multiple Choice

A closed-end fund versus an open-end fund refers to

• A)Whether there is a substantial penalty for early withdrawal
• B)Maturity date of the shares
• C)How the shares are distributed and redeemed
• D)Limitation of upside potential and downside risk

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Definitions:

Social Risk

The fears that consumers suffer when they worry others might not regard their purchases positively.

Performance Risk

Involves the perceived danger inherent in a poorly performing product or service.

Internal Locus of Control

The belief that one's own actions and behaviors are major determinants of life events and outcomes, rather than external forces or chance.

External Locus of Control

The belief that one's successes or failures result from external forces beyond personal control.