Another Name for a Mutual Fund Is

question 73

Multiple Choice

Another name for a mutual fund is

• A)a closed-end investment company.
• B)an open-end investment company.
• C)a mutual investment company.
• D)an open investment company.
• E)a closed investment company.

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Definitions:

Perpetual Inventory Method

An inventory management method where stock levels are updated in real-time with each sale or purchase transaction.

Petty Cash Fund

Petty cash fund is a small amount of cash kept on hand for making immediate payments for minor and incidental expenses.

Perpetual Inventory System

An inventory management system where inventory levels are updated in real-time or on a continuous basis following each purchase or sale transaction.