Which of the Following Statements Is False

question 64

Multiple Choice

Which of the following statements is false?

• A)Most investors in mutual funds will tell you that the most important consideration in evaluating a mutual fund is long-term performance.
• B)It is possible to compare a fund's long-term performance with the performance of the TSE 300 stock index.
• C)The length of time a fund's manager has been managing a fund should not be considered when evaluating a fund because the investment company has the right to replace a fund manager.
• D)Long-term performance should not be the only factor that you consider in evaluating a mutual fund.
• E)Information on a fund's long-term performance is available in its prospectus and in other sources of financial information.

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Definitions:

Ethical Decisions

Choices made based on moral principles and values, aiming to do what is right and fair in a given situation.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.