The Best Strategy for Selecting Mutual Funds in the 401(k)plan

question 111

Multiple Choice

The best strategy for selecting mutual funds in the 401(k) plan is to

• A)pick an index fund.
• B)pick an aggressive growth fund,using last year's performance as a guide.
• C)select a number of funds to achieve broad diversification.
• D)pick a money market fund to avoid risk.

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Definitions:

Enslaved Africans

Individuals from Africa who were forcefully transported to the Americas and other places to work as slaves from the 16th to the 19th century.

North America

A continent in the Northern Hemisphere and Western Hemisphere, including countries such as Canada, the United States, and Mexico.

Tradesman

A worker skilled in a particular craft or trade, often involving manual labor and specialized knowledge, such as carpentry, plumbing, or electrical work.

Autonomous Culture

A culture that operates independently from the dominant norms and values of mainstream society, often emphasizing alternative lifestyles, beliefs, and modes of expression.