A(n)____ Actually Runs the Portfolio and Makes the Buy and Sell

question 9

Multiple Choice

A(n) ____ actually runs the portfolio and makes the buy and sell decisions.

• A)transfer agent
• B)distributor
• C)management company
• D)investment advisor
• E)custodian

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Definitions:

Unlimited Life

Refers to corporations or legal entities that continue to exist indefinitely until dissolution, unlike natural persons who have a finite lifespan.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government.

Accounting

A systematic process of recording, summarizing, and reporting the financial transactions of a business.

Cash Flow

The net amount of cash and cash-equivalents being transferred in and out of a business, crucial for its liquidity, solvency, and financial flexibility.