The Term Used to Describe the Concept That Includes Providing

question 100

Multiple Choice

The term used to describe the concept that includes providing financial information for reports to managers and shareholders,and oversight to the overall operations of the accounting system is:

• A)internal audit.
• B)external audit.
• C)controllership.
• D)treasury.
• E)funding.

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Definitions:

Closed-End Mutual Funds

Investment funds with a fixed number of shares that are traded on stock exchanges, unlike open-end funds which do not have a fixed number of shares.

NAV

Net Asset Value, representing the per-share/unit price of a fund on a specific date or time.

Redeem Shares

The process of exchanging fund shares for cash or equivalent value, typically executed according to the terms set by the issuing company or fund.

Actively-Managed Mutual Funds

Mutual funds managed by professionals who actively select investments in an effort to outperform the market.