SEC Rule 12b-1 Allows Managers of Certain Funds to Deduct

question 79

Multiple Choice

SEC rule 12b-1 allows managers of certain funds to deduct __________ expenses from fund assets,however,these expenses may not exceed __________ of the fund's average net assets per year.

• A) marketing; 1%
• B) marketing; 5%
• C) administrative; 0.5%
• D) administrative; 2%

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Definitions:

External Adaptation

The process through which organizations adjust and respond to changes in their external environment.

Internal Integration

The process of aligning and unifying various elements within an organization, such as departments, teams, and processes, to work cohesively towards common goals.

Cultural Symbols

Objects, signs, or emblems that carry specific meanings recognized by individuals within a particular culture or society.

Jargon

Specialized language or terminology used by a particular profession or group, often difficult for outsiders to understand.