A Modular Architecture Improves

question 87

Multiple Choice

A modular architecture improves:

• A)design for Six Sigma and design for the environment.
• B)design for manufacturability and design for susceptibility.
• C)design for maintainability and design for the environment.
• D)design for Six Sigma and design for manufacturability.

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Definitions:

Tax-exempt

Income or transactions that are free from tax at the federal, state, or local level.

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission, allowing investors to put more of their money directly into investments.

Expense Ratio

The annual fee that mutual funds, index funds, and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.

NAV

NAV, or Net Asset Value, is the per-share value of a mutual fund or an exchange-traded fund (ETF), calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.