A Service Is Something You Can See or Touch

question 23

True/False

A service is something you can see or touch.

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Definitions:

Incentive Fees

Fees charged by a fund manager based on the fund's performance, usually a percentage of the investment's earnings above a specified benchmark.

Portfolio Return

The overall gain or loss generated by the collection of investments held by an individual or institution, measured over a specific period.

Management Fee

A fee charged by fund managers for managing the investments within a fund, typically expressed as a percentage of assets under management.