Compare a Fund That Charges a 0

question 26

Multiple Choice

Compare a fund that charges a 0.25% annual fee with a fund that charges a 1.25% annual fee. If an investment of $5,000 earns an average return of 8% over the course of 5 years, approximately how much more will fees over those 5 years be for the higher-fee fund?

• A) $4
• B) $20
• C) $330
• D) $2,000

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Definitions:

Subculture

A group within a larger culture that has its own distinct set of values, practices, and beliefs, which may differ from or complement the dominant culture.

Organizational Countercultures

Subcultures within an organization that hold values and norms that significantly differ from, or conflict with, the dominant culture of the organization.

Dominant Culture

Dominant culture refers to the established attitudes, values, beliefs, and customs that prevail within a society or an organization.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.