The Following Data Was Collected on Mutual Fund Prices

question 41

Multiple Choice

The following data was collected on mutual fund prices. Compute value index to compare mutual fund prices in 2015 to 2010.

• A) 245.86
• B) 154.51
• C) 153.04
• D) 147.22

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Definitions:

Corporate Liability

The legal and financial responsibilities a corporation faces for its actions or failures to act, potentially including civil liabilities or criminal penalties.

Tort

A wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.

Crime

An action or omission that constitutes an offense and is punishable by law.

Respondeat Superior

Latin for “let the superior speak”; the principle by which liability for harm caused by an agent/employee is held by the principal/employer.