A Mutual Fund That Invests Only in Shares of Gold

question 59

Multiple Choice

A mutual fund that invests only in shares of gold mining companies would be called a

• A)growth fund.
• B)small-cap fund.
• C)Canadian equity fund.
• D)sector fund.

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Definitions:

External Sales

Sales made to parties outside of the company, as opposed to internal transactions.

Variable Cost

Costs that vary directly with the level of production or volume of output.

Excess Capacity

The situation where a company's production facilities can produce more goods than currently demanded by its market.

General Transfer-Prizing Rule

A principle used to determine the price at which goods and services should be transferred between departments within the same organization.