Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)Net asset value refers to the book value of assets in a managed fund portfolio divided by the number of shares outstanding.
• B)Net asset value refers to the book value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
• C)Net asset value refers to the market value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
• D)None of the listed options are correct.

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Definitions:

Accord And Satisfaction

A legally binding agreement to settle a disputed claim for a definite amount.

Adequacy Of Consideration

The fairness of the value or price exchanged in a contract, though the law typically does not require consideration to be equal in value.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention in business affairs, advocating for a "let do" or "let people do as they please" approach.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.