A Mutual Fund in Which New Shares Are Issued and Redeemed

question 6

Multiple Choice

A mutual fund in which new shares are issued and redeemed by the investment company at the request of investors is called a(n) ____________ fund.

• A)closed-end
• B)no-load
• C)load
• D)open-end
• E)convertible

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Definitions:

Mission and Objectives

The fundamental purpose and goals that guide an organization, providing a direction for its actions and decision-making processes.

Virtual Organization

An organization that uses mobile IT to engage a shifting network of strategic alliances.

Boundaryless Organization

An organization that eliminates internal boundaries among subsystems and external boundaries with the external environment.

Network of Alliances

A strategic formation of partnerships or collaborations between companies or organizations to achieve specific objectives or enhance competitive advantage.