Mutual Fund Returns May Be Granted Pass-Through Status,if _________________

question 71

Multiple Choice

Mutual fund returns may be granted pass-through status,if _________________.

• A) at least 90 percent of all income is distributed to shareholders
• B) at least 30 percent of fund income is derived from sale of securities held for less than 3 months
• C) certain diversification criteria are met
• D) All of these must be true for pass-through status to be granted

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Definitions:

SMEI Guidelines

Standards and best practices established by the Sales and Marketing Executives International to guide professionals in ethical and effective sales and marketing strategies.

Sales Goals

The target figures set by a business or a sales team to guide performance and measure success.

Assumptive Close

The assumptive close is a sales technique where the salesperson assumes that the customer has already decided to purchase and moves directly to the closing of the sale.

Sales Decision Maker

The person or group of people who have the authority to decide on purchasing agreements or committing resources to acquire goods or services in a business context.