Which Item Below Is Not a Characteristic of an Exchange-Traded

question 94

Multiple Choice

Which item below is not a characteristic of an exchange-traded fund?

• A)Investors can use margin to buy them.
• B)Their portfolios are changed frequently in response to market conditions.
• C)They have very low expense ratios.
• D)They may be more tax efficient than other types of funds.

Understand the concept and calculation of direct materials price variance.

Understand the concept and calculation of direct materials quantity variance.

Recognize different types of standards (ideal, normal, currently attainable).

Understand the computation of direct labor rate and time variances.

---

Definitions:

Neural Circuit

A network of neurons interconnected by synapses to carry out a specific function when activated.

Explicit Memory

A type of long-term memory that involves the conscious recollection of factual information, previous experiences, and concepts.

Encodes Information

The process by which information is converted into a form that allows it to be communicated, stored, or processed, as in the encoding of sensory input into neural signals.

London Taxi Driver

London Taxi Driver study refers to research indicating that taxi drivers in London have a larger hippocampus, a brain area involved in spatial navigation, due to their extensive navigation experience.