A Unit Investment Trust

question 109

Multiple Choice

A unit investment trust

• A) engages in short-term trading within a particular sector.
• B) offers a low-cost, diversified portfolio.
• C) is an unmanaged portfolio of securities.
• D) is used only for fixed-income securities.

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Definitions:

Grapevine

A network within the informal organization that communicates incomplete, but usually somewhat accurate information.

Gossip Network

A system through which rumors, informal information, or personal talk is spread within a community or organization.

High-Context Cultures

Cultures in which communication relies heavily on contextual cues such as body language, tone of voice, and social status, rather than solely on explicit words.

Proxemics

The study of human use of space and the effects that population density has on behavior, communication, and social interaction.