An SEC Study of Mutual Fund Performance Found

question 43

Multiple Choice

An SEC study of Mutual Fund performance found

• A) managers of load funds did better with the dollars invested than no-load managers.
• B) investors in load funds did worse than those in no-loads.
• C) high turnover funds did better than low turnover.
• D) managers of large asset funds did better than small asset funds.

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Definitions:

Burritos

A type of Mexican food consisting of a wheat flour tortilla wrapped or folded into a cylindrical shape to fully enclose the filling.

Marginal Revenue

The additional income earned from selling one more unit of a good or service; it's the change in total revenue divided by the change in the quantity sold.

Burritos

A type of Mexican and Tex-Mex cuisine that consists of a wheat flour tortilla wrapped or folded into a cylindrical shape to completely enclose a filling.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.