The NAV of an Open-End Fund Is Commonly Referred to as the ________

question 53

Multiple Choice

The NAV of an open-end fund is commonly referred to as the ________ of the mutual fund.

• A)expense ratio
• B)share price
• C)cost
• D)overhead

---

Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before accounting for certain other costs.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

Credit Policy

Guidelines that a company follows to determine credit terms for customers, aiming to balance sales and the risk of bad debts.