Which of the Following Statements Is Incorrect

question 46

Multiple Choice

Which of the following statements is incorrect?

• A)Exchange-traded funds (ETFs) are designed to mimic particular stock indexes and are traded on a stock exchange.
• B)Unlike a closed-end fund, an ETF has a fixed number of shares.
• C)ETFs differ from most open-end and closed-end funds in that they are not actively managed.
• D)One disadvantage of ETFs is that each purchase of additional shares must be done through the exchange where they are traded.

---

Definitions:

Restlessness

A state of inability to remain still or calm, often leading to physical or psychological discomfort.

Drowsiness

A state of feeling abnormally sleepy or tired, often leading to a decreased level of consciousness and a diminished ability to remain awake.

Self-instructional Technique

Cognitive-behavioral techniques where individuals guide their own actions and thoughts through verbalizations to themselves.

Contingency Approach

A management theory that suggests the most appropriate style of management is dependent on the context of the situation.