5-74 Which of the Following Observations Is True of a No-Load

question 46

Multiple Choice

5-74 Which of the following observations is true of a no-load fund?

• A)Purchase is subject to a sales charge.
• B)Sales charges may be as high as 8.5 percent.
• C)They directly market shares to investors.
• D)They use sales agents.
• E)They have up-front commission charges.

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Definitions:

Collective Behavior

Actions and phenomena that emerge suddenly in a social context, distanced from well-established norms or conventions.

Agglomeration

The clustering of businesses, services, or resources in a specific area, often leading to economic benefits.

Conscious Personality

Refers to the aspects of an individual's personality that they are fully aware of, including thoughts, feelings, and behaviors that the individual recognizes as their own.

Mass Society

A concept referring to a society in which industrialization and bureaucratic expansion create a perceived gap between the individual and the collective or governmental institutions.